Daniel S. Drosman

Daniel S. Drosman

Partner
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Our ability to prevail at trial ensures that we maximize recovery for defrauded investors.

Overview

Dan Drosman is a partner in Robbins Geller Rudman & Dowd LLP’s San Diego office and a member of the Firm’s Management Committee. He focuses his practice on securities fraud and other complex civil litigation and has obtained significant recoveries for investors in cases such as Morgan StanleyCisco SystemsThe Coca-Cola CompanyPetcoPMI and America West. Drosman served as lead trial counsel in Jaffe v. Household International in the Northern District of Illinois, a securities class action that obtained a record-breaking $1.575 billion settlement after 14 years of litigation, including a six-week jury trial in 2009 that resulted in a verdict for plaintiffs. Drosman also helped secure a $388 million recovery for investors in J.P. Morgan residential mortgage-backed securities in Fort Worth Employees’ Retirement Fund v. J.P. Morgan Chase & Co. On a percentage basis, that settlement is the largest recovery ever achieved in an RMBS class action.

In a pair of cases – Abu Dhabi Commercial Bank, et al. v. Morgan Stanley & Co. Inc. (“Cheyne” litigation) and King County, Washington, et al. v. IKB Deutsche Industriebank AG (“Rhinebridge” litigation) Drosman led a group of attorneys prosecuting fraud claims against the credit rating agencies, where he is distinguished as one of the few plaintiffs’ counsel to defeat the rating agencies’ traditional First Amendment defense and their motions for summary judgment based on the mischaracterization of credit ratings as mere opinions not actionable in fraud. As reported in The Wall Street Journal, the parties reached a confidential settlement encompassing both SIV cases just weeks before the Cheyne trial was scheduled to begin. Standard & Poor’s, one of the three defendants in the Cheyne case, publicly disclosed that its portion of the settlement payment was $77 million. Reuters’ legal reporter Alison Frankel described the settlement as a “landmark” deal, emphasizing that it was the “first time that S&P and Moody’s have settled accusations that investors were misled by their ratings.” An article written by journalist Matt Taibbi entitled “The Last Mystery of the Financial Crisis,” published in Rolling Stone magazine, similarly credits Robbins Geller with uncovering “a mountain of evidence” detailing the credit rating agencies’ fraudulent conduct in the Cheyne and Rhinebridge actions that had “never been seen by the general public.”

Drosman is a frequent speaker at conferences and seminars around the world and has lectured on a wide range of topics related to securities litigation. He has taught Trial Advocacy, Appellate Advocacy, Legal Writing and Securities Regulation courses at the University of San Diego School of Law and Thomas Jefferson School of Law. Prior to joining the Firm, Drosman served for three years as an Assistant District Attorney for the Manhattan District Attorney’s office. While there, he served in both the appellate section, where he briefed and argued over 25 cases to the New York appellate courts, and in the trial section, where he prosecuted a wide variety of cases involving street crime. He was then brought on as an associate in the New York office of Weil, Gotshal & Manges, where he concentrated his practice in civil litigation and white-collar criminal defense. Drosman later became an Assistant United States Attorney in the Southern District of California. In the Southern District, he tried cases before the United States District Court and briefed and argued numerous appeals before the Ninth Circuit Court of Appeals. He was a member of the border crimes unit, where he was assigned to investigate and prosecute violations of the federal narcotics and immigration laws as well as official corruption cases. During his tenure as an Assistant United States Attorney, Drosman received the Department of Justice Special Achievement Award in recognition of sustained superior performance of duty.

Drosman has been named a Leading Lawyer in America by Lawdragon, a Top 100 Lawyer by the Daily Journal and a Recommended Lawyer by The Legal 500. He received his Bachelor of Arts degree in Political Science from Reed College, with honors, and was elected to Phi Beta Kappa. Drosman received his Juris Doctor degree from Harvard Law School.

Awards

  • Leading Lawyer in America, Lawdragon, 2018
  • Recommended Lawyer, The Legal 500, 2017-2018
  • Super Lawyer, 2017-2018
  • Top 100 Lawyer, Daily Journal, 2017

Practice Areas

Education

Harvard Law School, J.D., 1993

Reed College, B.A., 1990, Political Science, with honors

  • Phi Beta Kappa

Admissions

  • New York
  • California
  • United States Court of Appeals for the Ninth Circuit
  • United States District Courts for the Northern, Central and Southern Districts of California
  • United States District Courts for the Eastern and Southern Districts of New York
  • United States District Court for the District of Colorado

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