WHAT COURTS SAY

Demonstrating our track record of success, courts have routinely recognized our attorneys’ exemplary performances and acknowledged our dedication to achieving successful outcomes for our clients.

“In light of the substantial risk, uncertainty and delay associated with proceeding to summary judgment and trial, the $3.2 billion settlement amount is an outstanding recovery for the class.” U.S. District Judge approving the then largest cash payment made by a corporate defendant in the history of securities litigation.  In re Tyco International Ltd. Securities Litigation, 02-MD-01335 (D.N.H., Dec. 19, 2007).

“Additionally, the Court finds that Class Counsel’s performance was in many respects exceptional, with the result that, as noted, the class is poised to enjoy a substantially larger per share recovery than the recovery enjoyed by numerous large and sophisticated plaintiffs who separately settled their claims.”  U.S. District Judge approving a $3 billion settlement, then representing the largest securities class action settlement in a decade and the fifth largest in history. In re Petrobras Securities Litigation, 14-CV-9662 (S.D.N.Y., June 6, 2018).

“Co-lead Counsel have conducted the litigation and achieved the Settlement with skill, perseverance and diligent advocacy [with] complex factual and legal issues and was actively prosecuted for over three-and-a-half years.”  U.S. District Judge approving a $2.4 billion cash settlement to class members and agreement to implement significant governance reforms.  In re Bank of America Corp. Securities, Derivative, and ERISA Litigation, 09-MDL-2058 (S.D.N.Y., Apr. 8, 2013).

“Though the recovery here—$730 million—represents only a fraction of the possible recovery estimated by plaintiffs’ damages experts—$3 billion—that fraction is still an impressive result. This observation is particularly meaningful when the percentage of the highest possible recovery here is compared to the percentage of the highest possible recovery in comparable cases.” U.S. District Judge approving a $730 million settlement involving allegations that Citigroup concealed its exposure to subprime mortgage debt on the eve of the 2008 financial crisis. The $730 million settlement then marked the second largest recovery under Section 11 of the Securities Act in the statute’s history. In re Citigroup Inc. Bond Litigation, 08-CV-9522 (S.D.N.Y., Dec. 19, 2013).     

Lead Plaintiffs were represented “…by experienced and highly competent counsel,” and “the settlement was reached only after extensive arms-length negotiations.”  U.S. District Judge, in connection with approving settlements totaling $616 million in one of the most significant cases arising out of the 2008 financial crisis and Lehman’s historic bankruptcy.  In re Lehman Brothers Equity/Debt Securities Litigation, 08-CV-5523 (S.D.N.Y., May 24, 2012).

“Bond/Notes Plaintiffs’ Counsel have conducted the litigation and achieved the Settlements with skill, perseverance, and diligent advocacy.”  U.S. District Judge approving a total recovery of $627 million for class members.  In re Wachovia Preferred Securities and Bond/Notes Litigation, 09-CV-6351 (S.D.N.Y., Jan. 3, 2012).

“Each of the firms that comprise the Committee has tremendous experience in complex securities litigation. They have secured multi-million-dollar settlements in a number of class actions, have won awards for their advocacy, and been praised by judges in other litigation… They are knowledgeable about the issues and have vigorously represented the interests of class members.”  U.S. District Judge approving a combined $586 million settlement of 309 separate cases arising from the dot.com IPOs in the 1990’s.  In re Public Offering Securities Litigation, 21-MC-92 (S.D.N.Y., Oct. 5, 2009).

“. . . Plaintiffs maintain that Class Counsel invested time and resources, as well as participated in intense and protracted settlement negotiations, and that Class Counsel have considerable experience in litigating similar class actions. . .  The Court has no reason to doubt this assertion, which is evidenced by Counsel’s exemplary, zealous, and thorough representation of Settlement Class members at all stages of the litigation and the settlement process.”  U.S. District Judge granting final approval to a $15 million antitrust class settlement on behalf of a multi-state class of indirect purchasers of Viega ProPress® copper press fittings.  Al’s Discount Plumbing et. al., v. Viega LLC, 19-CV-00159 (M.D. Pa., Dec. 18, 2020).

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