2010 Clay Award Winners

February 19, 2010
San Francisco
California Lawyer Magazine

California Lawyer magazine has named 44 attorneys around the state to receive the 14th annual California Lawyer Attorneys of the Year Awards. Their achievements had a significant impact in 2009, or their work is expected to have such an effect in the coming years. The awards recognize 27 accomplishments in 17 areas of legal practice.

The honored attorneys include sole practitioners, attorneys from international law firms, a state Assembly member, and law professors. The recipients of the CLAY Awards are featured in the March 2010 issue of California Lawyer

Michael J. Dowd,
Coughlin Stoia Geller Rudman & Robbins
San Diego

Category: SECURITIES LAW

DOWD led a trial team to a rare verdict in a securities class action that resulted in a finding of liability for the plaintiffs after a two-week trial. Several union pension funds alleged Household (now part of HSBC) and three individual defendants made false and misleading statements about the Illinois lender’s financial results and operations. In the damages phase, now underway, class members could recover as much as $3 billion (Jaffe v. Household Int’l, Inc.).