Labaton Keller Sucharow LLP > Wilmington, United States > Firm Profile

Labaton Keller Sucharow LLP > Firm Profile

Founded in 1963, Labaton Sucharow is a tenacious advocate for investors and consumers. The firm represents many of the largest institutional investors worldwide and has secured billions of dollars in landmark recoveries, earning it a reputation as one of the leading plaintiffs’ firms in the United States. The firm’s success is built on its team of more than 70 attorneys as well as its industry-leading in-house investigators, financial analysts, and forensic accountants. Its mission is to continue this legacy and to continue to advance market fairness and transparency in the areas of securities, corporate governance and shareholder rights, and data privacy and cybersecurity litigation, as well as whistleblower representation.

Main areas of practice
Securities litigation: For more than 55 years, Labaton Sucharow has focused on all forms of financial litigation and has pioneered alternative avenues of recovery for investors. Since achieving historic settlements in cases stemming from the financial crisis, the firm continues to prosecute high-profile, cutting-edge actions against corporate behemoths like Dell, Goldman Sachs, Facebook, and Allstate. The firm has played a leading role in shaping investor-friendly securities litigation laws, including through its landmark Supreme Court victory in Amgen Inc. v. Connecticut Retirement Plans and Trust Fund.

• • • In re American International Group Securities Litigation – more than $1bn total recovery and one of the top 15 securities class action recoveries
    • In re Schering-Plough/Enhance Securities Litigation – secured a $473m settlement for investors and was praised for the “herculean efforts of Plaintiffs’ Counsel”
    • In re SCANA Corporation Securities Litigation– recovered $192.5m, the largest securities fraud settlement in the history of the District of South Carolina
• Consumer, cybersecurity, and data privacy practice:  Labaton Sucharow is dedicated to putting our expertise to work on behalf of consumers who have been wronged by fraud in the marketplace.  Built on our world-class litigation skills, deep understanding of federal and state rules and regulations, and an unwavering commitment to fairness, our consumer, cybersecurity, and data privacy practice focuses on protecting consumers and improving the standards of business conduct through litigation and reform.  Our team achieved a historic $650m settlement in the In re Facebook Biometric Information Privacy Litigation matter—the largest consumer data privacy settlement ever, and one of the first cases asserting biometric privacy rights of consumers under Illinois’ Biometric Information Privacy Act (BIPA).

Corporate governance and shareholder rights litigation: Labaton Sucharow’s work on behalf of institutional investors has made the firm a leading advocate in the Court of Chancery. As corporate leaders continue to engage in fraudulent conduct and other mechanisms to unjustly enrich themselves, the firm has initiated numerous derivative and M&A-related suits and secured major victories on behalf of shareholders. This includes a landmark victory in the Delaware Supreme Court in In re Earthstone Energy, Inc.that will have a lasting impact on Delaware courts.

• • In re Freeport-McMoRan Copper & Gold Inc. Derivative Litigation – obtained a $153.75m settlement, the second largest derivative settlement in the Court of Chancery history, which included an unprecedented settlement term for shareholders
  • In re El Paso Corporation Shareholder Litigation – secured a $110m recovery for shareholders and exposed one of the most egregious examples of conflicts of interests in a proposed $21.2bn transaction
  • In re Versum Materials, Inc. Stockholder Litigation– successfully challenged the inclusion of a ‘poison pill’ provision in a proposed merger, providing the class with a $1.43bn increase in merger consideration

Non-US securities litigation: The firm’s non-US securities litigation practice is dedicated to working with non-US counsel to analyze potential claims in all international jurisdictions in which it is possible to seek a recovery. The firm’s attorneys have decades of experience advising institutional investors on the risks and benefits of pursuing claims in non-US forums. In the past five years alone, the firm serves or has served as liaison counsel in more than 50 non-US actions and has helped secure significant recoveries in several cases.

Lawyer Profiles

Photo	Name	Position	Profile
	Mark Richardson	Partner	View Profile
	Mr Ned Weinberger	Partner	View Profile