Wednesday, January 9, 2013
Labaton Sucharow Named 2012 Class Action Practice Group of the Year by Law360
NEW YORK (January 9, 2013) — Labaton Sucharow LLP announced that the Firm has been recognized as a Practice Group of the Year by Law360 for distinction in class action litigation. The Firm "secured more than $2.3 billion in class action settlements for plaintiffs in high-stakes securities and antitrust matters in 2012, including a $725 million deal in litigation against American International Group Inc. and a $295 million pact with The Bear Stearns Cos. Inc., earning it a place among Law360's Class Action Practice Groups of the Year." Out of 54 firms and 22 practice area categories, Labaton Sucharow is the single firm which focuses solely on plaintiff representation. The profile also noted how "the firm's extensive vetting of potential allegations before bringing these cases significantly helps to drive its impressive track record."
Partner Christopher J. Keller described how "the fundamentals really define the firm and its ability to succeed in our space. We put significant resources into our evaluation of new matters, and that really helps us understand the allegations that were made public in a press report, which both has put us in situations where we have a good case, and has kept us out of situations where we don't think we have a case."
Winning firms were chosen based on "the significance of the litigation wins or deals worked on; the size and complexity of the litigation wins or deals worked on; and the number of significant, large or complex deals the group worked on or lawsuits the group won."
A team of Law360 editors chose a select group to honor as Practice Group of the Year for their accomplishments in litigation or deals between November 2011 and November 2012.
The list was published on January 1, 2013 and the firm profile can be found here.