Wall Street Boutique Selendy Gay Loses Founding Partner Elsberg

David Elsberg, one of the founding partners at Selendy Gay Elsberg, is leaving the boutique litigation firm to start a new operation.

The Wall Street law firm he departs is now known as Selendy Gay. “We thank David for his contributions to our firm and wish him the best of luck in his new endeavor,” the firm said in a statement.

Elsberg has represented investment fund Fairfield Sentry Ltd. and global energy corporation Vitol Inc., which is seeking arbitration against a company they allege has not paid Vitol for delivered product.

Selendy Gay has emerged as a prominent firm in the litigation landscape despite its size. It’s representing a global asset management firm Assured Investment Management over accusations of fraud by its funders and a plaintiff alleging Apple Inc. is infringing on a patented design.

The boutique was one of many to bet big on crypto-based class action lawsuits as government regulators began to scrutinize crypto-currency. The firm has nearly 80 lawyers.

Last year, Selendy Gay went on a junior-litigator hiring spree. One of its new partners included Temidayo Aganga-Williams, who served as senior investigative counsel for the House select committee on the January 6th attack. Before joining the firm as a partner, Aganga-Williams was a federal prosecutor in Brooklyn.