Benchmark Litigation Names Partners Lucas Olts and Daniel Pfefferbaum to its Inaugural Under 40 Hot List
Benchmark Litigation, compiled by the publishers of leading financial news magazines Institutional Investor and Euromoney, added Robbins Geller partners Lucas Olts and Daniel Pfefferbaum to its nationwide Under 40 Hot List, a new accolade that honors “the achievements of the nation’s most accomplished legal partners” who are 40 years old or younger.
Since 2008, Benchmark Litigation has been the only publication to focus exclusively on U.S. litigation. Rankings result from the culmination of a six-month research period, during which Benchmark researchers conduct thousands of interviews with litigators and their clients. Recent casework handled by the firms is examined, and sources are asked to offer their professional opinions on the attorneys practicing within their state or national practice areas. For more detailed information regarding Benchmark’s selection methodology, visit their official website.
As a key member of the Firm’s Structured Finance Litigation Group, Olts has extensive experience prosecuting structured finance-related investments. Over the past several years, he has played an integral role in securing landmark victories in RMBS-related litigation, and he achieved singular success in recovering losses for investors in RMBS and other structured finance investments. He was a leader of the Firm’s litigation team that recently secured a $272 million recovery in a case involving Goldman Sachs’s mortgage securitization practices. Additionally, Olts and a team of Robbins Geller attorneys obtained a $388 million recovery on behalf of a class of investors in nine 2007 RMBS offerings issued by J.P. Morgan. The $388 million recovery is the largest recovery ever achieved on a percentage basis in a class action brought on behalf of purchasers of RMBS. These cases concluded two of the last remaining MBS purchaser class actions arising out of the global financial crisis.
Pfefferbaum has repeatedly achieved success on behalf of wronged investors as part of prosecuting securities class actions. He has recovered hundreds of millions of dollars for individuals and institutional clients in complex securities fraud class actions across the country. In 2015, after over four years of litigation and on the eve of trial, Pfefferbaum was a key part of the team that recovered $65 million for investors in a securities class action against Psychiatric Solutions, Inc. (“PSI”), an operator of over 95 psychiatric facilities for at-risk children and teens, and four of its former and current executives. The settlement is the largest securities class action recovery in the Middle District of Tennessee in almost a decade. He has served as a lead class counsel in numerous notable cases that have resulted in substantial recoveries for investors, including In re PMI Grp., Inc. Sec. Litig. ($31.25 million recovery); In re Accuray Inc. Sec. Litig. ($13.5 million recovery); and Cunha v. Hansen Natural Corp. ($16.25 million recovery).
Olts’s and Pfefferbaum’s remarkable results demonstrate a hard-fought, tireless commitment to protecting individual and institutional investors around the globe.