On the Record

Third Quarter 2015

There have been many developments in securities litigation this year, including large recoveries and important appellate decisions. This quarter’s newsletter highlights how Robbins Geller has been at the forefront of these developments, noting the $388 million achieved for the Firm’s pension fund clients and the class in the J.P. Morgan RMBS action. This extraordinary settlement would not have been possible were it not for Robbins Geller’s success at the Second Circuit in the NECA-IBEW Health & Welfare Fund v. Goldman Sachs & Co. RMBS case, which resulted in expanded protections for victimized MBS purchasers.

The Supreme Court’s Omnicare decision which rejected the Second Circuit’s Fait standard, led to the Court also vacating the dismissal of the Deutsche Bank action, where Fait would have left the case eviscerated.

Robbins Geller’s ability to obtain results in trial courts across the country led not just to the J.P. Morgan settlement, but also to a $90 million settlement in the Regions class action after years of tough litigation. The Regions settlement comes on the heels of the “robo-signing” derivative settlement achieved with Wells Fargo, which is set to make a difference in thousands of homebuyers’ lives with both financial and advisory assistance provided to those in need.

Organizations such as Institutional Shareholder Services and Chambers and Partners recognized the Firm’s ability to simultaneously litigate at the highest level on multiple fronts for however long the case requires.

Robbins Geller looks forward to the continued pursuit of justice on behalf of its clients in the future.

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