On The Record

Third Quarter 2016

Robbins Geller recovered several billion dollars for investors and other victims of corporate fraud during the second quarter of 2016. These recoveries achieved by the Firm’s litigation teams are the product of years of hard work and a willingness to take complex cases to trial against large, well-funded defense firms.

In June, after more than a decade of hotly contested litigation, Robbins Geller reached a $1.575 billion proposed settlement in a securities fraud class action against Household Financial, a mortgage financing subsidiary of HSBC. The case was filed in 2002 and successfully tried to jury verdict in 2009. The proposed settlement was reached on the morning of the commencement of a second jury trial and represents the largest securities class action recovery ever following trial. And, in late July, a massive $15 billion settlement on behalf of owners and lessees of Volkswagen “clean diesel” automobiles was preliminarily approved by a federal court in San Francisco. Partner Paul Geller serves on the Plaintiffs’ Steering Committee in the case after having been appointed out of a field of over 150 lawyers in the highly publicized “Dieselgate” lawsuit against Volkswagen. In further news, the class in Robbins Geller’s Barclays ADS litigation was recently certified, the Firm successfully defeated defendants’ motion to dismiss in the 3D Systems Corporation litigation, and Robbins Geller attorneys achieved a $55 million settlement in the Intercept litigation.

The Firm was once again recognized this quarter by Bloomberg, The AmLaw Daily, Chambers USA and The Legal 500 for its outstanding lawyers and continued success. Most notably, ISS once again ranked Robbins Geller first in its annual SCAS Top 50 Report, in both total amount recovered for investors and number of shareholder class action recoveries, with the Firm recovering 50% more for investors in 2015 than any other law firm.

Robbins Geller looks forward to continuing to work together to protect clients, and those who depend on them, from the adverse impact of fraudulent misconduct.

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