Chambers USA Awards Top Ranking to Robbins Geller and Its Attorneys
On May 26, 2017, Chambers USA again awarded Robbins Geller with four Band 1 rankings, the highest available rating. The Firm has received the Band 1 ranking for the past eight consecutive years, and this year achieved the ranking in the areas of “Securities: Litigation: Mainly Plaintiff” in the Nationwide category, “Litigation: Mainly Plaintiff” in the California category, and “Litigation: Securities Mainly Plaintiff” in both the California and New York categories.
“Robbins Geller is the leader in the battle against corporate securities fraud, recovering tens of billions of dollars to date for its individual investor and pension fund clients and the classes of investors they represent,” the publication noted.
Additionally, Chambers individually ranked Robbins Geller attorneys Darren Robbins, Samuel Rudman, Patrick Coughlin and Randall Baron highly for their work in securities litigation. “Judges across the country praise the firm as ‘gladiators’ in the courtroom, ‘highly skilled attorneys with great experience,’ ‘nationally recognized leaders’ and the ‘preeminent’ law firm in securities class action litigation,” wrote Chambers, regarding the reputation of the Firm and its attorneys.
Chambers has recognized Robbins as a top attorney for the past four consecutive years, commending him this year in the Nationwide and California categories. “His distinguished reputation in the field is founded upon his excellent record of high-value recoveries and corporate reform for investor clients,” noted Chambers. “One source calls him ‘an incredibly fearsome opponent to the people who show up on the other side,’ while another describes him simply as ‘one of the best lawyers in the business.’” Over the last two decades, Robbins has served as lead counsel in more than 100 securities class actions and has recovered billions of dollars for injured shareholders. Most recently, he led In re Community Health Systems, Inc. S’holder Derivative Litig., which yielded a $60 million payment to Community Health (the largest recovery ever in a shareholder derivative action in Tennessee and the Sixth Circuit), as well as groundbreaking corporate governance reforms. He also achieved a $272 million settlement in NECA-IBEW Health & Welfare Fund v. Goldman Sachs & Co., which concluded one of the last remaining MBS purchaser class actions arising out of the global financial crisis, and a $215 million settlement in Schuh v. HCA Holdings, Inc., the largest securities class action recovery ever in Tennessee. Robbins has been recognized as one of the nation’s top securities litigators by numerous organizations and publications, including being named California Lawyer Attorney of the Year and one of the “Young Litigators 45 and Under” by The American Lawyer. Additionally, Best Lawyers has named him to its list of Best Lawyers in America for the last eight years and also named him Lawyer of the Year for 2017, while the Daily Journal named him one of the “Top 100 Lawyers Shaping the Future.”
Like Robbins, this year marks the fourth time that Rudman has received a top rating for representing “plaintiffs in numerous class actions with settlement results in the hundreds of millions of dollars” and for being “an experienced securities litigator who frequently represents plaintiffs in large-scale class actions.” Chambers added that “[i]nterviewees hold him in high regard as ‘one of the best in the business.’” With 22 years of securities practice and experience as a former attorney with the SEC, Rudman focuses on recognizing and investigating securities fraud, and initiating securities and shareholder class actions to vindicate shareholder rights and recover shareholder losses. He has recovered hundreds of millions of dollars for shareholders, including a $129 million recovery in Doral Financial, an $85 million recovery in Blackstone, a $50 million recovery in TD Banknorth, a $48 million recovery in CVS Caremark and a $34 million recovery in OSG. Most recently, Rudman obtained a $55 million settlement on behalf of Intercept investors. The $55 million settlement means $27.5 million for each day in the class period, an amount that is unprecedented and represents a decisive victory for investors. Additionally, he has been recognized as a Local Litigation Star by Benchmark Litigation for the past five years and a Leading Lawyer in America by Lawdragon for the past two years.
Called “a widely respected plaintiff lawyer with decades of experience in major litigation work” by Chambers, Coughlin has been selected as a Senior Statesman for the fourth consecutive year. “He maintains an active corporate litigation practice, frequently leading a number of securities class actions and representing clients in wider commercial disputes,” noted the publication. Coughlin has served as lead counsel for several major securities matters, including the largest securities class action recovery in history, Enron ($7.2 billion). Other notable cases prosecuted by Coughlin include the Qwest and HealthSouth litigations, which yielded a $445 million recovery and $671 million recovery, respectively. Most recently, he was one of the lead attorneys who secured a historic recovery on behalf of Trump University students in two class actions against President Donald J. Trump. The settlement provides $25 million to approximately 7,000 consumers, and he represented the class on a pro bono basis. Coughlin has been named an Antitrust Trailblazer by The National Law Journal, one of the Best Lawyers in America by Best Lawyers, one of the “Top 100 Lawyers” by the Daily Journal, and a “Top Lawyer” in San Diego by San Diego Magazine for the past five years.
Marking the second consecutive year that Baron has been recognized by Chambers, the publication described him as “particularly skilled in litigation concerning M&A, alongside strengths in wider securities and shareholder class actions and litigating breach of fiduciary duty claims.” For almost two decades, Baron has worked to advance the practice of shareholder merger and acquisition litigation to achieve substantial monetary recoveries for shareholders. Chambers noted that “[d]efense lawyers say: ‘He is one of the most creative lawyers on the other side and he's always trying to develop new legal theory.’” He served as co-lead counsel in the Rural/Metro case, leading former shareholders to a rare victory of nearly $100 million in an award against Royal Bank of Canada Capital Markets LLC (RBC), which had acted as financial advisor to Rural/Metro’s lowball buyout. Baron was also involved in the record-breaking Kinder Morgan case, which yielded a $200 million recovery for investors, the largest M&A class action recovery in history. Additionally, in the Dole Food Co. case, he went to trial in the Delaware Court of Chancery on claims of breach of fiduciary duty on behalf of shareholders and obtained $148 million, the largest trial verdict ever in a class action challenging a merger transaction. Baron has received numerous accolades, including being named Attorney of the Year by California Lawyer, a Mergers & Acquisitions Trailblazer by The National Law Journal, a Litigation Star by Benchmark Litigation, Litigator of the Week by The American Lawyer, a Leading Lawyer by The Legal 500, and a Leading Lawyer in America by Lawdragon, to name a few.
Chambers & Partners identifies the most outstanding law firms and lawyers in over 180 jurisdictions throughout the world. Its annual publication, Chambers USA, ranks the attorneys and law firms that have a global presence and are widely considered to be the nation’s best in their areas of practice. Chambers rankings range between Band 1 and Band 6 for each area of law, with Band 1 being the highest ranking a firm and/or individual lawyer can receive. The qualities on which rankings are assessed include technical legal ability, professional conduct, client service, commercial astuteness, diligence, commitment, and other qualities most valued by the client. The editors speak to both attorneys and clients, conducting in-depth interviews, and also take into account information submitted by law firms, which allows them a wide-range of material on which to base its rankings. For more on Chambers USA’s methodology, visit its website.