140 BROADWAY, NEW YORK, NY 10005, USA
- Tel:
- Work +1 212 907 0700
- Fax:
- Fax +1 212 818 0477
- Web:
- www.labaton.com
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What we say about the firm's legal practice in United States
Litigation
Within Mass tort and class action: plaintiff representation – antitrust, Labaton Sucharow LLP is a second tier firm,
Labaton Sucharow LLP maintains high visibility in major antitrust class actions and clients say the firm ‘clearly has the horsepower to manage complex and demanding cases’, while adversaries comment on its ‘uniform excellence in all respects’. The firm is co-lead counsel in In re Air Cargo Shipping Services Antitrust Litigation, in which it has to date obtained over $200m in partial settlements for plaintiffs alleging the fixing of international airfreight services by airlines, including Air France, SAS, Japan Airline International and American Airlines. The court granted preliminary approval of these settlements in September 2010. Other mandates included In re Aftermarket Filters Antitrust Litigation; In re Puerto Rican Cabotage Antitrust Litigation; and Board of Trustees of the Galveston Wharves et al v Trelleborg AB et al. Hollis Salzman co-chairs the antitrust practice group and is ‘smart, hardworking and has a great deal of integrity’. Bernard Persky is a ‘prominent antitrust lawyer’, who is ‘dedicated to pursuing his clients’ interests, and is unfailingly ethical and professional’.
Within Mass tort and class action: plaintiff representation – securities, Labaton Sucharow LLP is a first tier firm,
Labaton Sucharow LLP remains a formidable force representing institutional investors in securities class action litigation, having secured recovery settlements of $1.8bn in 2010 alone. The firm has had a pivotal role in actions against significant players such as Goldman Sachs, Bear Stearns and Morgan Stanley, alleging fraudulent activity or irresponsible practices. In another significant matter, Joel Bernstein led the firm as sole lead counsel for the plaintiffs in In re Countrywide Financial Corporation Securities Litigation. The group negotiated a $624m settlement with Countrywide, which is awaiting approval from the US District Court for the Central District of California. If approved, this settlement will be among the largest securities class action settlements under the Private Securities Litigation Reform Act. The team also acted for New Mexico State Investment Council and the Public Employees Retirement Association of New Mexico in achieving a $200m settlement with WellCare Health Plans in Eastwood Enterprises, LLC v Farha et al. The case involved allegations that WellCare overcharged state Medicaid programs. Thomas Dubbs, who led the team, ‘combines tenacity and objectivity in a way that makes him a formidable adversary of the defense bar’. Practice chair Lawrence Sucharow is another well-respected figure, while Christopher Keller, Mark Arisohn, Eric Belfi and Javier Bleichmar are also recommended.
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United States
Offices in New York and Wilmington