Rankings Are In! Chambers USA Recognizes Robbins Geller as a Top Securities Firm & Names Attorneys the Best in Their Field
Recognized for its “[f]ormidable bench of advocates with an impressive record in securing market-leading recoveries in class actions and opt-out actions,” Robbins Geller has yet again received the Band 1 ranking, the highest available rating by Chambers USA (“Chambers”) in the areas of “Securities: Litigation: Mainly Plaintiff” in its Nationwide category, “Litigation: Mainly Plaintiff” in its California category, and “Litigation: Securities Mainly Plaintiff” in both the California and New York categories. The organization said that Robbins Geller is known for its “[t]op-flight plaintiff litigators offering quality representation for institutional investors and pension funds, as well a number of other clients in the financial industry.”
Chambers & Partners identifies and ranks the most outstanding law firms and lawyers in over 180 jurisdictions throughout the world. Its annual publication, Chambers USA, ranks 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 5 for each area of law, with Band 1 being the highest ranking a firm can receive. 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.
Robbins Geller has continuously received a top ranking in Chambers since the practice area was first created to recognize the firms and lawyers who do exemplary work in securities litigation on behalf of plaintiffs. “Widely respected as a top-notch plaintiff firm with considerable strength in the class action space [that] [s]pecializes in complex securities fraud disputes, with an excellent record of high-value recoveries for clients,” the publication noted that clients say Robbins Geller has ‘“some of the best attorneys in the field,’” and is a ‘“market-leading firm for plaintiffs’ work [with a] staying power to deal with big firms really well.’”
Additionally, Chambers has individually ranked Robbins Geller attorneys Darren Robbins, Samuel Rudman, Patrick Coughlin (who has received the Senior Statesmen ranking) and Randall Baron highly for their work in securities litigation. Robbins, Rudman and Baron were also distinguished as “notable practitioners” by the publication.
Chambers praised Robbins in the nationwide category as “an experienced litigator with particular strength in corporate governance and related shareholder matters” while also noting that by “‘excel[ling] in securities fraud’ cases . . . his reputation as ‘“a real strategist”’ comes to the fore . . . having obtained high-value settlements for a variety of clients, as well as other securities matters.” As a founding partner at the Firm, Robbins has a string of successful settlements, including the recently approved settlement of $272 million in NECA-IBEW Health & Welfare Fund v. Goldman Sachs & Co., which concludes one of the last remaining MBS purchaser class actions arising out of the global financial crisis, and the $215 million settlement in Schuh v. HCA Holdings, Inc.,the largest securities class action recovery ever in Tennessee. The recovery also represents between 34% and 70% of the estimated aggregate damages (a result that is between 10 and 35 times greater than the median securities class action recovery of 2%-3%). Robbins has been named one of the Leading Lawyers in America by Lawdragon, one of the “Top 100 Lawyers Shaping the Future” by the Daily Journal, one of the “Young Litigators 45 and Under” by The American Lawyer and “Attorney of the Year” by California Lawyer.
With over 20 years of securities practice backing him, 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. Chambers noted that the “[r]espected securities litigator” is an ‘“excellent strategist’ when it comes to major securities litigation [and] . . . has tremendous experience in representing plaintiffs in high-value class action suits.” A former attorney with the SEC, Rudman 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 and, most recently, a $48 million recovery in CVS Caremark. He has been recognized as a Local Litigation Star by Benchmark Litigation for the past three years and Leading Lawyer in America by Lawdragon.
Coughlin has been lead counsel for several major securities matters, including one of the earliest and largest class action securities cases to go to trial, In re Apple Computer Sec. Litig. Ranking him a Senior Statesmen, Chambers states that Coughlin is a “[s]easoned plaintiff's advocate [and] . . . prominent securities lawyer.” Notable cases prosecuted by Coughlin include: the Enron litigation, in which $7.2 billion was recovered; the Qwest litigation, in which a $445 million recovery was obtained; and the HealthSouth litigation, in which a $671 million recovery was obtained. He has been named an Antitrust Trailblazer by The National Law Journal, one of the Top 100 Lawyers by the Daily Journal and a Top Lawyer in San Diego by San Diego Magazine.
Though Robbins, Rudman and Coughlin have all been recognized before, this year marks the first time that Chambers has included Baron in their rankings. Baron is described as ‘“innovative”’ with “an excellent reputation for his work in merger litigation and securities disputes, including cases involving alleged breaches of fiduciary duty.” The publication noted that interviewees called Baron a ‘“pragmatic’ attorney who ‘knows when to be tough and when to compromise.’” Baron has worked to advance the practice of shareholder merger and acquisition litigation to achieve substantial monetary recoveries for shareholders for almost two decades. In In re Kinder Morgan, Inc. S’holders Litig., Baron obtained an unprecedented $200 million common fund for former Kinder Morgan shareholders, the largest merger and acquisition recovery in history; and in In re Dole Food Co., Inc. Stockholder Litig., he went to trial in the Delaware Court of Chancery on claims of breach of fiduciary duty on behalf of Dole Food Co., Inc. shareholders and obtained $148 million, the largest trial verdict ever in a class action challenging a merger transaction. Baron has been named a Litigation Star by Benchmark Litigation, has been recognized as a Mergers & Acquisitions Trailblazer by The National Law Journal, and Litigator of the Week by The American Lawyer.