Tuesday, October 2, 2012
Firm Named to The National Law Journal's Plaintiffs' Hot List for Seventh Consecutive Year
NEW YORK (October 2, 2012) — For the seventh consecutive year, Labaton Sucharow LLP has once again been selected as a top plaintiffs' firm by The National Law Journal, and was one of 19 firms selected to be profiled in a feature article. Through reviewing and analyzing representative cases, verdicts and settlements over the past year, The National Law Journal recognizes firms that have done exemplary, cutting-edge work on the plaintiffs' side.
In this year's issue, the editors profiled the In re Bear Stearns Companies, Inc. Securities Litigation and partners Thomas Dubbs, James Johnson and Michael Stocker who worked on the matter that received a $275 million settlement. "As lead firm for Michigan Retirement Systems, Labaton pored through millions of document pages and interviewed almost 100 Bear Stearns employees. Labaton's deep knowledge of banking helped."
The National Law Journal also highlighted the firms' work in "securing another nine-figure settlement." "This time, it represented three Ohio public pension plans, and the settlement was for $725 million. The pension funds claimed that American International Group Inc. had engaged in accounting fraud and bid-rigging." Thomas Dubbs, Martis Alex, Louis Gottleib, and Michael Stocker were also recognized for their work on this matter "that included an enormous amount of discovery."
The Firm was also mentioned in another profile as "one of four lead firms…against Deutsche Lufthansa A.G., Swiss International Air Lines A.G., and nearly 30 additional defendants…accused of a massive conspiracy to fix prices for hauling cargo" in In re Air Cargo Shipping Services Antitrust Litigation that has recovered $279.4 million in settlements in the past year alone.