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Leaders of Influence: Banking & Finance 2024 – Ashley Simonsen

Custom Content by the Los Angeles Business Journal

ASHLEY SIMONSEN
Partner
Covington & Burling LLP

As a partner in Covington’s Class Action and Mass Torts practices based in Los Angeles, Ashley Simonsen represents clients in the financial services, technology and consumer products industries—including Afterpay, Capital One, Celtic Bank, City National Bank, Intuit, JPMorgan Chase, Navient, PayPal and OpenSea— through all stages of litigation, with a strong track record of success on early dispositive
motions.

Defending clients against “true lender” class actions, Simonsen has become one of the nation’s leading experts on “true lender” issues and the related “valid when made” doctrine. For example, she co-led a Covington team that won a complete defense victory for Celtic Bank following five-day arbitration in what is believed to be the first time a bank has ever defeated “true lender” claims following an evidentiary hearing. Previous to her legal career, Simonson was an associate at Lehman Brothers where she advised banks on balance sheet management.

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