n April 11, 2016, Professor Eric D. Green was named as the independent Monitor of the Consumer Relief portion of the Settlement Agreement between the United States Department of Justice, the States of California and Illinois, and The Goldman Sachs Group, Inc., resolving claims resulting from Goldman Sachs’ marketing, structuring, arrangement, underwriting, issuance, and sale of residential mortgage-backed securities. As part of the Settlement Agreement, Professor Green was also named as the independent Monitor of the Consumer Relief portion of a separate agreement between the State of New York and Goldman Sachs in connection with the marketing, structuring, arrangement, underwriting, issuance and sale of residential mortgage-backed securities by Goldman Sachs. Together, the agreements are referred to as the “Global Settlement Agreement.”
In these roles, Professor Green will publicly: (i) report quarterly on Goldman Sachs’ progress towards completion of the $1.8 billion in Consumer Relief to be provided under the Global Settlement Agreement; (ii) report on credits earned by Goldman Sachs; and (iii) determine and certify Goldman Sachs’ compliance with the terms of the Global Settlement Agreement.
Professor Green is one of the founding pioneers of Alternative Dispute Resolution (ADR) in the United States and around the world. He is co-founder of two prominent ADR/Mediation firms, Endispute (now part of JAMS) and Resolutions, LLC in Boston. Professor Green graduated from Harvard Law School in 1972 and was awarded the Knox Memorial Traveling Fellowship, which took him to Cambridge University, Cambridge, England, for further legal studies. After returning to the United States, Professor Green was a Law Clerk for Justice Benjamin Kaplan, Massachusetts Supreme Judicial Court.
After clerking, Professor Green became an associate and then a partner with the law firm Munger, Tolles & Olson and then an Attorney Advisor to the Regional Director of the Federal Trade Commission. He has served as a private and court-appointed mediator and special master in hundreds of cases, including the Enron securities class action, and Visa/MasterCard and Microsoft anti-trust cases. Professor Green was instrumental in assisting in the establishment of the Center for Public Resources (CPR) in New York, the Center for Effective Dispute Resolution (CEDR) in London and the mediation program in Hong Kong. He has been involved in training mediators and in advising on the development of mediation programs for the courts, CPR, CEDR, the Hong Kong Arbitration Authority and elsewhere. Professor Green has also been centrally involved with the International Institute for Conflict Prevention & Resolution’s mission of developing and implementing ADR Technology for corporate disputes since the Institute’s founding in 1979.
Professor Green has been the recipient of numerous awards for his work as a mediator. In particular, Professor Green was recently named by The International “Who’s Who Legal” in Commercial Mediation as the leading US-based mediator and was awarded the Lifetime Achievement Award from the American College of Civil Trial Mediators. Professor Green was also recognized with the James F. Henry Award by the International Institute for Conflict Prevention & Resolution for his outstanding contributions to the field of ADR.
Professor Green is a prolific writer of books and articles. He has co-authored leading law school textbooks on Evidence and Dispute Resolution, and numerous articles in each of these fields. From 1977 until 2008, he taught negotiation, mediation, complex ADR processes, resolution of mass torts, evidence and constitutional law at Boston University School of Law, and designed and led numerous training programs on these subjects. Professor Green will be teaching Evidence at Harvard Law School in the Fall of 2016.
In addition to the foregoing, Professor Green also currently serves as the Monitor of the 2014 settlement agreement between the United States Department of Justice, six states and Bank of America, as well as the Monitor of the 2016 settlement agreement between the State of New York and Morgan Stanley. Information on the Bank of America settlement agreement is available by clicking here, whereas information on the Morgan Stanley settlement agreement is accessible here.