Samuel H. Rudman

Partner

“Many CEOs and CFOs have told me that my law firm’s very existence serves as a deterrent against corporate fraud. If that’s not validation of what we do, I don’t know what is.”

Office

Melville
T: (631) 367-7100
F: (631) 367-1173

Sam Rudman is a founding member of the Firm, a member of the Firm’s Executive and Management Committees, and manages the Firm’s Melville office.

Samuel H. Rudman's practice focuses on recognizing and investigating securities fraud, and initiating securities and shareholder class actions to vindicate shareholder rights and recover shareholder losses. A former attorney with the United States Securities and Exchange Commission, Mr. Rudman has recovered hundreds of millions of dollars for shareholders, including: $129 million recovery in In re Doral Fin. Corp. Sec. Litig., No. 05 MD 1706 (S.D.N.Y.); $74 million recovery in In re First BanCorp Sec. Litig., No. 05-CV-2148 (D.P.R.); $65 million recovery in In re Forest Labs., Inc. Sec. Litig., No. 05-CV-2827 (S.D.N.Y.); and $50 million recovery in In re TD Banknorth S’holders Litig., No. 2557-VCL (Del. Ch.).

In the TD Banknorth litigation, the court appointed Mr. Rudman and the Firm to be lead counsel for the plaintiff class only after rejecting as “wholly inadequate” the settlement negotiated for the class by another law firm. When the Firm later achieved a $50 million recovery for the class, the court stated: “This is one of the cases – there’s probably been a half a dozen since I’ve been a judge that I handled which have – really through the sheer diligence and effort of plaintiffs’ counsel – resulted in substantial awards for plaintiffs, after overcoming serious procedural and other barriers. . . . [I]t appears plainly from the papers that you and your co-counsel have diligently, and at great personal expense and through the devotion of many thousands of hours of your time, prosecuted this case to a successful conclusion.” The court also credited the Firm with raising the inadequacy of the initial settlement.

Mr. Rudman is an active speaker and writer on securities law matters. Mr. Rudman has spoken at programs sponsored by the Practising Law Institute, including: Securities Litigation & Enforcement Institute 2009 and Response to Ponzi and Other Schemes: Alternative Investment Funds under Scrutiny 2009. In 2008 and 2009, Mr. Rudman spoke at the D&O Symposium organized by the Professional Liability Underwriting Society.

Mr. Rudman’s recent articles include: Meaning of Second Circuit’s “W.R. Huff” for Investment Advisors, New York Law Journal, Jan. 30, 2009, which was quoted by Judge Juan R. Sánchez in his decision granting class certification in In re Herley Indus., Inc. Sec. Litig., No. 06-CV-2596 (E.D. Pa.); Back to “Novak”: Confidential Witnesses in Fraud Actions, New York Law Journal, Oct. 20, 2008; and “Oscar”: Misinterpretation of Fraud-on-the-Market Theory, New York Law Journal, July 17, 2008.

Mr. Rudman received his Bachelor of Arts degree in Political Science from Binghamton University and earned his Juris Doctor degree from Brooklyn Law School. While attending law school, Mr. Rudman was a Dean’s Merit Scholar and a member of the Brooklyn Journal of International Law and the Moot Court Honor Society. Upon graduation from law school, Mr. Rudman joined the Enforcement Division of the SEC in its New York Regional Office as a staff attorney, where he was responsible for numerous investigations and prosecutions of violations of the federal securities laws. Thereafter, Mr. Rudman joined one of the largest corporate law firms in the country, where he represented public companies in the defense of securities class actions and also handled white-collar criminal defense matters.

Honors & Awards

  • Super Lawyer, 2007-2013

Education

Brooklyn Law School, J.D., 1992

  • Dean’s Merit Scholar
  • Member, Brooklyn Journal of International Law
  • Member, Moot Court Honor Society

Binghamton University, B.A., 1989

Admissions

  • New York
  • New Jersey
  • United States Courts of Appeals for the First, Second, Fourth and Fifth Circuits
  • United States District Courts for the Northern, Western, Southern and Eastern Districts of New York
  • United States District Court for the District of New Jersey
  • United States District Court for the Western and Eastern Districts of Arkansas
  • United States District Court for the District of Colorado
  • United States District Courts for the Western and Eastern Districts of Michigan
  • United States District Court for the Eastern District of Wisconsin