Monday, October 14, 2013
Labaton Sucharow Selected as One of the Most Feared Plaintiffs Firms by Law360NEW YORK (October 14, 2013) — Labaton Sucharow announced that the Firm has been recognized as one of the Most Feared Plaintiffs Firms by Law360. The main factor considered in selecting the winners was the firms' performance in high-profile or complex cases between July 1, 2011, and July 1, 2013, including significant court rulings, trial victories and settlements. In its profile, Law360 highlighted Labaton Sucharow's "ability to identify strong claims without relying on government regulators' legwork, its knack for building hard-to-dismiss cases through painstaking investigations and its recoveries last year of over a billion dollars for clients in securities fraud litigation."
Partner Michael Stocker described the usual plaintiffs challenges and how Labaton Sucharow is uniquely positioned to overcome these hurdles. "In some ways the playing field is not always level, when the defendant is already immersed in an industry and understands all the ins and outs of it. If you're a plaintiffs firm, you need to learn very quickly what there is to know, and you can do that effectively only by hiring industry experts. That involves an outlay of resources most smaller plaintiffs firms are incapable of."
The most feared plaintiffs firms were also recognized for their tenacity and ability to go the long haul. The Firm's case against AIG is a given example. Labaton Sucharow decided against dropping the litigation "notwithstanding the resources and tenacity of the defense," Thomas Dubbs explained. "When you're dealing with an entity where the government is heavily involved, it introduces additional layers of complexity with respect to any resolution. The government has infinite resources and it could be politically criticized for settling." Partner Christine Azar explains "that kind of commitment is essential to becoming a leading plaintiffs firm. Defendants need to see someone who is going to go the whole duration and very aggressively litigate cases. If that means taking a case to trial, it means taking it to trial."
The complete profile is available here. The list was published on October 7, 2013, and can be found here.