Tuesday, October 6, 2015

Update - Labaton Sucharow a “Most Feared Plaintiffs Firm” for Third Successive Year

NEW YORK (October 6, 2015) — Labaton Sucharow LLP announced on September 28, 2015 that the Firm has been again named one of Law360's Most Feared Plaintiffs Firms—now three years in a row.

Eleven law firms that, according to Law360, “strike fear in the hearts of counsel across the aisle,” were selected based on noteworthy victories between July 1, 2014, and July 1, 2015. Labaton Sucharow's submission featured notable litigation work triumphing over adversity against companies including Fannie Mae, Facebook, and Hewlett-Packard; securing significant corporate reforms and financial recoveries against Freeport-McMoRan Copper & Gold and Walgreens; and carrying out tireless litigation in a global price-fixing scheme involving major airlines, which unlawfully inflated cargo shipping fees.

On October 5, 2015, the Firm was profiled in a Law360 article on some of our “eye-catching results,” which included a $170 million settlement with embattled mortgage giant, Fannie Mae, and securing the second largest settlement in Court of Chancery history against Freeport-McMoRan Copper & Gold.

However partner Christopher J. Keller spoke broadly about the Firm, noting, “Sometimes the size of the settlement is not necessarily indicative of the quality of lawyering that goes into it.”

According to partner Thomas A. Dubbs, the Fannie Mae case was "a very tough mediation. We got what we thought was a good result, particularly in light of the Freddie Mac Second Circuit decision…”

In picking its battles, Law360 pointed out that the Firm “doesn't shrink from going up against well-funded clients,” often going up against some of the largest defense firms—a testament to the Firm’s “tenacity and resourcefulness.”

“The key to litigating against a big firm is you have to show you cannot be outmanned, and a war of attrition won’t work," Dubbs said. "That you will go step by step and mile by mile through the litigation and eventually you get to equilibrium."

Relishing in the distinction of being a plaintiffs advocate and building cases from the ground up, as opposed to the counterpunching strategy of the defense side, Keller mentioned that the Firm’s culture really does requires a certain way of thinking.

“We truly are the architects of our cases,” he said, “It allows for far more creativity.”