New York-based investor rights law firm The Rosen Law Firm continues to gain visibility in the market, filing claims for pension, mutual, and hedge fund clients against companies alleged to have committed securities fraud. Many of these are Section 10 and 20 claims under the Securities Exchange Act relating to alleged misleading statements/omissions leading up to an IPO or other securities offering. The firm’s lean and efficient structure also lends itself to pursuing small to-mid-sized cases typically eschewed by larger firms. Another strength is its focus on bringing actions against Chinese companies raising finance on the US capital markets. The firm is aided in this regard by a number of Mandarin-speaking lawyers, including Jing Chen, who recently worked with name partner Laurence Rosen to bring about a notable $250m settlement for investors in Alibaba following its IPO in 2014.
Legal 500 Editorial commentary
- Profile
Work highlights
- Acted as sole Class Counsel in a multidistrict certified class action in US District Court for the Southern District of New York, alleging that Alibaba violated US securities laws in relation to its IPO in 2014.
- Acted as co-class counsel in Pirnik v. Fiat Chrysler Automobiles alleging violations of Section 10b and 20(a) of the Securities Exchange Act arising out of the Company’s issuance of materially false and misleading statements about its true business condition. The parties settled this action for $110m in cash.
- Acted as co-lead counsel in re Infinity Q Diversified Alpha Fund Securities Litigation. The complaint alleged violations of the Securities Act against a range of defendants following the collapse of a mutual fund and related hedge fund that had been overstating their net asset values. The parties settled this action for $45m in cash.
Lawyers
Practice head
Laurence Rosen
Other key lawyers
Phillip Kim; Jacob Goldberg; Jonathan Horne; Sara Fuks; Yu Shi; Jonathan Stern; Jing Chen; Brian Alexander; Michael Cohen; Ryan Hedrick; Ha Sung (Scott) Kim; Leah Heifetz-Li