The Legal 500 Ranks Robbins Geller Tier 1 and Individually Recognizes 14 Attorneys
The Legal 500 has awarded Robbins Geller and its attorneys with top rankings in the publication’s nationwide categories. Ranked Tier 1 in “Securities Litigation: Plaintiff,” the publication recognized the Firm as “one of the market leaders” with “a disproportionate number of cases as lead counsel.” Also ranked highly in “M&A Litigation: Plaintiff,” The Legal 500 said that Robbins Geller is “undoubtedly one of the biggest players in the market and is building on its track record in some of the biggest cases.”
In commending Robbins Geller’s work in securities litigation, The Legal 500 highlighted the Household International case and praised the Firm’s trial team, Michael Dowd, Spencer Burkholz, Daniel Drosman, Luke Brooks and Maureen Mueller, for securing a $1.575 billion recovery, the largest recovery following a securities class action trial. The publication made note of the Firm’s $388 million recovery in Fort Worth Employees’ Retirement Fund v JP Morgan Chase & Co., a case in which Drosman and Brooks also litigated, and lauded partner Darren Robbins for the $272 million recovery in Goldman Sachs, one of the last remaining RMBS purchaser class actions arising out of the financial crisis. The Legal 500 also recommended three additional Robbins Geller partners in its nationwide securities litigation category: Mark Solomon, Elise Grace and “formidable adversary” Benny Goodman.
In regard to the Firm’s “M&A Litigation: Plaintiff” ranking, the publication noted that “[d]uring the last two years, the firm has recovered $4bn for investors and shareholders across its M&A and securities litigation practices.” It highlighted Robbins Geller partners Randall Baron and Rick Atwood for “building a reputation on matters such as the Dole Food case,” in which they helped obtain $148 million for shareholders, the largest trial verdict ever in a class action challenging a merger transaction. David Knotts is also recommended in this category for being “involved in some of the largest post-merger class action settlements confirmed in 2016, including a $40m settlement for shareholders of Websense following its acquisition by Vista and a $30m settlement in In re Onyx Pharmaceuticals, Inc Shareholder Litigation.”
In addition to being a recommended attorney, The Legal 500 named Baron a Leading Lawyer for the third time in the “M&A Litigation” category, referring to him as “a go-to lawyer for corporate takeover and breach of fiduciary duty actions.” For almost two decades, Baron has headed up a team of lawyers whose accomplishments include obtaining instrumental rulings both at injunction and trial phases, and establishing liability of financial advisors and investment banks. In addition to the Dole case, he was a key member of the Firm’s litigation teams in In re Kinder Morgan, Inc. S’holders Litig., the largest M&A recovery in history, and In re Rural Metro Corp. Stockholders Litig., where the Firm obtained affirmance by the Delaware Supreme Court of the nearly $100 million judgment for shareholders, resulting in an overall recovery of almost $110 million.
The publication also named Danielle Myers and Lucas Olts as Next Generation Lawyers. Myers oversees Robbins Geller’s Portfolio Monitoring Program® and provides legal recommendations to the Firm’s institutional investor clients in their options to maximize recoveries in securities litigation, both within the United States and internationally, from inception to settlement. In addition, Myers advises the Firm’s clients in connection with lead plaintiff applications and has secured appointment of the Firm’s clients as lead plaintiff in over 80 cases. Olts was also a lead attorney in the Goldman Sachs case, securing a $272 million recovery for shareholders, and a member of the team that recovered $388 million for investors in J.P. Morgan. In addition, he litigated Abu Dhabi Commercial Bank v. Morgan Stanley & Co. Inc., where plaintiffs inked what Reuters called “a landmark” settlement with the credit rating agencies, Standard & Poor’s and Moody’s, and Morgan Stanley stemming from fraudulent ratings assigned to bonds issued by the Cheyne Structured Investment Vehicles. After vigorously prosecuting the case for nearly five years, the settlement was reached two weeks before trial was set to commence. Olts secured another important victory for shareholders in an action involving the subprime mortgage fraud debacle in In re Wachovia Preferred Sec. & Bond/Notes Litig., which yielded $627 million, one of the largest credit-crisis class action settlements involving only Securities Act claims.
The Legal 500 rankings are based on a series of criteria that examine “the practice area teams who are providing the most cutting edge and innovative advice to corporate counsel.” In order to rank law firms, the series considers feedback from 250,000 in-house peers and access to law firms’ deals and confidential matters, which are independently assessed by their researchers. A more detailed look at The Legal 500’s selection methodology can be found on their official site.
Read More Awards
- December 1, 2020
- November 30, 2020
- November 25, 2020
- Robbins Geller Attorneys Named as 2021 Southern California Ones to Watch, Best Lawyers by Best Lawyers®November 16, 2020
- November 6, 2020