Robbins Geller Profiled in NLJ Elite Trial Lawyers Securities Winner Q&A
On December 19, 2016, The National Law Journal published a profile on Robbins Geller in which partner Paul Geller described the Firm as “tireless.” The profile lauded the Firm’s selection out of 35 finalists as the Elite Trial Lawyer in Securities by NLJ on November 8, 2016. “For a selection of [the] honorees, we closely reviewed submitted nominations and reported on accuracy and performance. Since teamwork contributes to successful trial work, we recognized the work of firms as a whole,” said NLJ. “The plaintiffs firms went up against some of the nation's largest corporations and their Who's Who list of defense firms.”
“Law and art may not seem to go hand-in-hand, but there is a real art to what we do; each attorney brings a unique talent to the courtroom, and when you step back, each successful case is its own masterpiece,” said Geller.
In the first six months of 2016, Robbins Geller recovered more than $2 billion for investors around the world, including in Household International ($1.575 billion – the largest securities class action recovery following a trial). “The litigation team beat back several attempts by the defendants to invalidate the verdict, including objections to thousands of claims by injured class members, and an appeal to the U.S. Court of Appeals for the Seventh Circuit,” the publication said of Household. Some of the other notable recoveries from the past year include Goldman Sachs ($272 million recovery) and HCA Holdings ($215 million recovery). NLJ also noted that Robbins Geller, serving as co-lead counsel, successfully concluded the largest RMBS purchaser class action in Countrywide ($500 million recovery).
“Reaching the record-breaking $1.575 billion recovery [in Household] . . . took 14 hard-fought years, 130,000 hours, more than 85 depositions, $35 million in out-of-pocket expenses, a six-week jury trial, and an appeal of the verdict. We took what appeared to be a modest case of securities fraud and crafted it into the largest securities fraud recovery ever obtained in the Seventh Circuit and the seventh-largest settlement ever in a securities fraud class action case,” said Geller. “Simply put, the result is unprecedented. A work of art.”