On The Record

Second Quarter 2016

As Robbins Geller attorneys work to recover clients’ losses, the Firm continues to be recognized by peers, the courts, the media and professional organizations. At the time of press, Institutional Shareholder Services (ISS) issued their SCAS Top 50 Report, in which Robbins Geller was ranked first for the second year in a row in both the total amount recovered for investors and number of class action recoveries. The Firm’s named partners, Darren J. Robbins, Paul J. Geller, Samuel H. Rudman and Michael J. Dowd, were also recognized as Leading Lawyers in America by Lawdragon, and Geller was also recently appointed to two major Plaintiffs’ Steering Committees in the nationwide Volkswagen emissions cheating lawsuit and the liquid aluminum sulfate antitrust litigation.

The settlements reached in this quarter’s newsletter are products of years of litigation against determined opposition, and it is no small feat that they should reflect recoveries larger than median securities class action settlement amounts. At press time, it was also announced that the successful defeat of defendants' motions to dismiss in the ISDAfix case has led to partial settlements of $324 million, with the settling defendants agreeing to cooperate in the investigation against the remaining defendants. Robbins Geller attorneys’ efforts at the appellate level have produced positive precedent-setting results, including the recently approved $272 million settlement in the hard-fought Goldman Sachs RMBS case.  The Firm also received court approval in the HCA Holdings securities case, where a groundbreaking $215 million settlement was obtained with trial looming.

Whether the cases revolve around $30 million of executive insider trading or billions of dollars of corporate theft, Robbins Geller attorneys and staff continue to prepare for discovery, briefing and trials in the upcoming quarters. The Firm looks forward to bringing its world-class teams of litigators wherever clients need us.

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