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Lucas F. Olts

Partner
Lucas F. Olts

Our Firm’s success is measured by the results we achieve for our clients.

Overview

Luke Olts is a partner in Robbins Geller Rudman & Dowd LLP’s San Diego office, where he practices securities litigation on behalf of individual and institutional investors.

Olts has recently focused on litigation related to residential mortgage-backed securities, and has served as lead counsel or co-lead counsel in some of the largest recoveries arising from the collapse of the mortgage market. For example, he was a member of the team that recovered $388 million for investors in J.P. Morgan residential mortgage-backed securities in Fort Worth Employees’ Retirement Fund v. J.P. Morgan Chase & Co., and a member of the litigation team responsible for securing a $272 million settlement on behalf of mortgage-backed securities investors in NECA-IBEW Health & Welfare Fund v. Goldman Sachs & Co.  

Olts also served as co-lead counsel in In re Wachovia Preferred Securities and Bond/Notes Litig., which recovered $627 million, and was a member of a team of lawyers that obtained a landmark settlement, on the eve of trial, from the major credit rating agencies and Morgan Stanley arising out of the fraudulent ratings of bonds issued by the structured investment vehicles in Abu Dhabi Commercial Bank v. Morgan Stanley & Co. Incorporated. 

Olts served as lead counsel in Siracusano v. Matrixx Initiatives, Inc., No. 04-0886 (D. Ariz.), in which the U.S. Supreme Court unanimously affirmed the decision of the Ninth Circuit that plaintiffs stated a claim for securities fraud under §10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. 

Olts’ pro bono activities include representing 19 San Diego County children diagnosed with Autism Spectrum Disorder in the appeal of a decision to terminate state funding for a crucial therapy. He successfully tried the consolidated action before the Office of Administrative Hearings, resulting in a complete reinstatement of funding and allowing other children to obtain the treatment. 

Prior to joining the Firm, Olts served as a Deputy District Attorney for the County of Sacramento, where he tried numerous cases to verdict, including crimes of domestic violence, child abuse and sexual assault.

Olts has been named a Future Star by Benchmark Litigation, and has been ranked on the publication's Under 40 Hotlist and its Top Litigator Under 40 list, both of which honors exceptional partners aged 40 or younger for the high quality of their litigation work. Olts has also been named a “Next Generation Lawyer” by The Legal 500 for 2017. He earned his Bachelor of Arts degree in History from the University of California at Santa Barbara and his Juris Doctor degree from the University of San Diego School of Law.

Honors

  • Future Star,  Benchmark Litigation, 2018
  • Next Generation Lawyer, The Legal 500, 2017
  • Top Litigator Under 40, Benchmark Litigation, 2017
  • Under 40 Hotlist, Benchmark Litigation, 2016

Practice Areas

Education

  • University of San Diego School of Law, J.D., 2004
  • University of California, Santa Barbara, B.A., 2001 

Admissions

  • California
  • United States District Courts for the Northern, Central and Southern Districts of California

Notable Cases

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