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Labaton Sucharow LLP

140 BROADWAY, NEW YORK, NY 10005, USA
Tel:
Work +1 212 907 0700
Fax:
Fax +1 212 818 0477
Email:
Web:
www.labaton.com
New York, Wilmington

Michael W. Stocker

Tel:
Work 212-907-0882
Email:
Labaton Sucharow LLP

Work Department

Securities Litigation; Corporate Governance & Shareholder Rights Litigation; Antitrust and Competition Litigation; Data Privacy and Security

Position

Partner

Career

Representing institutional investors and consumers as co-chair of one of the Firm’s litigation teams, Michael W. Stocker prosecutes securities, data privacy, antitrust, and consumer class actions. He also serves as General Counsel to the Firm and provides strategic direction to the Case Development Team.


Mike played an instrumental part of the team that took on American International Group, Inc. and 21 other defendants. The Firm negotiated a recovery of more than $1 billion. He was also key in litigating In re Bear Stearns Companies, Inc. Securities Litigation, where the Firm secured a $275 million settlement with Bear Stearns, plus a $19.9 million settlement with the company's outside auditor, Deloitte & Touche LLP. In a case against one of the world's largest pharmaceutical companies, In re Abbott Laboratories Norvir Antitrust Litigation, Mike played a leadership role in litigating a landmark action arising at the intersection of antitrust and intellectual property law. 

He currently spearheads several securities class actions, including In re Eros International Securities Litigation, a case where we exposed a drama of fraud and nepotism involving a leading Bollywood film production/distribution company; Murphy v. Precision Castparts Corp., a sprawling class action against a major industrial goods company in the aerospace and defense industry; Shoemaker v. Cardiovascular Systems, Inc., a case against a manufacturer of medical devices that recently settled a significant qui tam action arising from the same conduct; and In re CPI Card Group Inc. Securities Litigation, a class action against a maker of chip-enabled financial cards that allegedly misled investors by overselling its product prior to a $172.5 million IPO.

Member

He is an active member of the National Association of Public Pension Plan Attorneys (NAPPA), the New York State Bar Association, and the Association of the Bar of the City of New York. Since 2013, Mike has served on Law360's Securities Editorial Advisory Board, advising on timely and interesting topics warranting media coverage. For three consecutive years (2015-2017), the Council of Institutional Investors has appointed Mike to the Markets Advisory Council, which provides input on legal, financial reporting, and investment market trends. In 2016, he was elected as a member of The American Law Institute, the leading independent organization in the United States producing scholarly work to clarify, modernize, and otherwise improve the law. Mike also serves on the Advisory Committee for the John L. Weinberg Center for Corporate Governance of the University of Delaware, one of the longest-standing corporate governance centers in academia.
 

Education

University of California, Hastings College of the Law
J.D., 1995

University of Sydney
Master of Criminology degree, Law Department, 2001

University of California, Berkeley
B.A., 1989


United States: Antitrust

Civil litigation/class actions

Within: Civil litigation/class actions

The lawyers at Labaton Sucharow LLP are ‘extremely diligent and effective litigators that always have the best interest of the client in mind’. The very broad client base includes a variety of funds, insurers, municipalities, small and large businesses and individual consumers. Praised for its ‘strong investigatory skills’, the firm is proactive in developing cases, as evidenced by the fact it was first to file in a nationwide class action against major platinum and palladium dealers alleging a price-fixing conspiracy in these commodity markets; practice chairs Gregory Asciolla and Jay Himes served as co-lead counsel on that matter. In another first, Asciolla and Michael Stocker initiated a class action against a number of prominent financial institutions, including Goldman Sachs and Citigroup, alleging a conspiracy to manipulate auctions for US treasury securities.

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United States: Dispute resolution

M&A litigation: plaintiff

Within: M&A litigation: plaintiff

Labaton Sucharow LLP is ‘a firm that defense counsel takes seriously, it litigates hard and has a great investigations team’. Wilmington-based Christine Azar, who chairs the corporate governance and shareholder rights litigation practice, is ‘smart, pragmatic and level-headed - a dedicated advocate who gets things done’. In re Freeport-McMoRan Copper & Gold Inc. Derivative Litigation, she acted as co-lead counsel in a challenge to what the plaintiffs saw as an orchestrated acquisition of a failing mining company, and helped secure a total settlement of $153m with Freeport’s board of directors and Freeport’s financial adviser in the deal, Credit Suisse, which represents the second largest derivative settlement in history of the Delaware Court of Chancery. Azar is also acting for Haverhill Retirement System in a shareholder class and derivative action relating to the Providence Service Corporation’s $400m acquisition of healthcare provider CCHN Group, alleging an improper financing arrangement by the chairman of Providence’s board of directors. In New York, Michael Stocker - who is lead strategist in the firm’s case evaluation team - and seasoned litigator Ira Schochet are recommended.

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