--- title: "Noah M. Schottenstein" description: "Noah M. Schottenstein partners with clients on investment fund matters, leveraging his deep experience from the DOJ in governance and high-stakes litigation." source_url: "https://www.stonehilton.com/team/noah-schottenstein" canonical_path: "/team/noah-schottenstein" content_type: "team-member" --- # Noah M. Schottenstein Role: Partner Noah represents clients in all aspects of investment fund matters, including corporate governance and fiduciary counseling, regulatory compliance and enforcement, litigation, and fund restructuring. His clients have included some of the largest and most sophisticated investment professionals in the world, such as private asset management firms, public pension fund systems, sovereign wealth funds, and development finance institutions. He serves as both a trusted adviser and litigator, drawing on his extensive experience to help his clients navigate high-stakes situations, whether in the boardroom or in the courtroom. ## Cutting Edge Investment Funds Counsel Noah is a former Trial Attorney with the U.S. Department of Justice and a former Assistant United States Attorney for the Western District of Texas. He has worked with senior government officials at all stages of enforcement matters, from investigations through trials, appeals, and at the United States Supreme Court. His experience includes numerous matters of national importance, such as the DOJ-led interagency Financial Fraud Enforcement Task Force, the $25 billion National Mortgage Settlement, the National Mortgage Settlement Oversight Committee, SIGTARP oversight, and novel constitutional litigation. Noah has also represented the United States in other investigations and litigation involving investment fraud, public integrity, the Administrative Procedure Act, and bankruptcy matters. In private practice, Noah enjoys representing clients in a variety of investment fund matters across the globe. He has worked with domestic and international pension funds in fiduciary counseling and implementing investment governance policies and procedures. He has assisted private asset managers in cross-border matters concerning portfolio companies and other assets in markets such as Latin America, Eastern Europe, West Africa, the Middle East, India, and East Asia. He has litigated partnership disputes between LP investors and fund sponsors. And he has advised clients on a variety of fund-related transactions, with an emphasis on risk counseling for fund formation, GP and LP-led secondaries and restructurings, co-investments, joint ventures, and other bespoke legal structures. Prior to joining Stone Hilton, Noah was the co-lead of the investment funds disputes practice for an international law firm. ## Representative Matters ### State False Claims Act prosecution Developed novel US$1.2 billion state False Claims Act prosecution for a public investment fund. ### Fund investment fraud investigation Conducted investigation into potential fraud concerning an over US$200 million fund investment. ### LP-led fund restructuring Advised institutional investors on LP-lead fund restructuring of US$300 million in fund value. ### Sovereign immunity investment defense Developed successful sovereign immunity defense for public pension fund client in an investment dispute. ### Public pension fund ESG governance Advised multiple public pension funds on ESG investments and related corporate governance issues. ### Credit fund asset recovery Represented credit fund in asset recovery and bankruptcy litigation matters. ### Replacement GP fund control dispute Represented replacement GP in post-removal dispute with former GP over fund control. ### LP-GP partnership disputes Represented LPs in various partnership disputes with GPs over matters such as expense reimbursements, fee/waterfall calculations, reporting and compliance obligations, MFN clause elections, and fund terminations. ### Sovereign wealth fund governance policies Advised sovereign wealth fund on litigation and corporate governance policies. ### Investment partnership dispute provisions Advised LPs on dispute related provisions in various investment partnership and other contract negotiations. ### 13th Amendment bankruptcy dispute Represented the United States in constitutional dispute concerning the application of the 13th Amendment to federal bankruptcy proceedings. ### National Mortgage Settlement litigation Supervised nationwide, multi-district litigation against national banks and mortgage servicers that resulted in the US$25 billion National Mortgage Settlement. ### Supreme Court matters support Assisted the Office of the Solicitor General with over a dozen matters before the Supreme Court. ### Federal bankruptcy and investment fraud matters Represented the United States in numerous bankruptcy and investment fraud matters, including the Yellowstone Club, Fletcher Asset Management, Petters Group Worldwide, Solyndra, and Lehman Brothers. ### DOJ-FTC UDAP claims Assisted with joint DOJ-FTC case asserting UDAP claims against Bank of America. ### Financial institution civil enforcement Advised senior government officials on civil enforcement actions against financial institutions for false claims and fraud on government sponsored entities. ### Mortgage securitization fraud investigation Assisted with multi-agency fraud investigation into mortgage securitization practices. ### Multi-district health care fraud investigations Assisted with numerous multi-district health care fraud investigations. ### Immigrant community fraud scheme Led case against bankruptcy and investment fraud scheme targeting immigrant communities. ### Mortgage servicer loan document case Assisted with multi-jurisdictional case against mortgage servicer for falsifying loan documents. ## Outside the Office ### Outisde the Office When not working, Noah enjoys reading (fiction and non-fiction), college football (go bucks!), golf, and working on home improvement projects. ## Experience ### Of Counsel Major international law firm ### Assistant U.S. Attorney U.S. Attorney's office for the Western District of Texas, Civil Division ### Associate Major international law firm ### Trial Attorney U.S. Department of Justice, Executive Office for U.S. Trustees ### Judicial Extern to Judge Jeffrey S. Sutton U.S. Court of Appeals for the Sixth Circuit ## Education ### M.B.A., Global Finance University of Houston-Victoria ### J.D. University of Virginia Law School ### B.A., International Studies The Ohio State University ## Admissions - All courts of the State of Texas - All courts of the State of Virginia - U.S. Courts of Appeals for the Second, Fourth, Fifth, Ninth, & Tenth Circuits - U.S. District Courts for the Districts of Colorado, DC, Southern Ohio, Western Oklahoma, Northern, Southern, & Western Texas, and Eastern & Western Virginia ## Memberships - National Association of Public Pension Attorneys - Global Private Capital Association