David J. Goldsmith
David J. Goldsmith has nearly 20 years of experience representing public and private institutional investors in a variety of securities and class action litigations. A principal litigator at the Firm, David has twice been recommended by The Legal 500 as part of the Firm’s recognition as a top-tier plaintiffs firm in securities class action litigation.
David was an integral member of the team representing the Arkansas Teacher Retirement System in a significant action alleging unfair and deceptive practices by State Street Bank in connection with foreign currency exchange trades executed for its custodial clients. The resulting $300 million settlement is the largest class action settlement ever reached under the Massachusetts consumer protection statute, and one of the largest class action settlements reached in the First Circuit. David also represented the New York State Common Retirement Fund and New York City pension funds as lead plaintiffs in the landmark In re Countrywide Financial Corp. Securities Litigation, which settled for $624 million. He has successfully represented state and county pension funds in class actions in California state court arising from the IPOs of technology companies, and recovered tens of millions of dollars for a large German bank and a major Irish special-purpose vehicle in individual actions alleging fraud in connection with the sale of residential mortgage-backed securities. David’s representation of a hedge fund and individual investors as lead plaintiffs in an action concerning the well-publicized collapse of four Regions Morgan Keegan mutual funds led to a $62 million settlement.
David regularly advises the Genesee County (Michigan) Employees' Retirement Commission with respect to potential securities, shareholder, and antitrust claims, and represents the System in a major action charging a conspiracy by some of the world’s largest banks to manipulate the U.S. Dollar ISDAfix benchmark interest rate. He is also currently prosecuting several securities class actions, including In re Eros International Securities Litigation, a case where the Firm exposed fraud and nepotism involving a Bollywood film production company, Tadros v. Celladon Corp., a case against a failed biotech company, and Shoemaker v. Cardiovascular Systems, Inc., a case against a medical device manufacturer that recently settled a whistleblower action arising from the same alleged conduct.
In 2016, David participated in a panel moderated by Prof. Arthur Miller at the 22nd Annual Symposium of the Institute for Law and Economic Policy, discussing changes in Rule 23 since the 1966 Amendments. David is an active member of several professional organizations, including The National Association of Shareholder & Consumer Attorneys (NASCAT), a membership organization of approximately 100 law firms that practice complex civil litigation including class actions, the American Association for Justice, New York State Bar Association, and the Association of the Bar of the City of New York.
During law school, David was Managing Editor of the Cardozo Arts & Entertainment Law Journal and served as a judicial intern to the Honorable Michael B. Mukasey, then a United States District Judge for the Southern District of New York.
For many years, David has been a member of AmorArtis, a renowned choral organization with a diverse repertoire.
Benjamin N. Cardozo School of Law, Yeshiva University
University of Pennsylvania
M.A., B.A., 1993
Settled | Resolved Cases
- In re A10 Networks, Inc. Shareholder Litigation
- In re Able Laboratories Securities Litigation
- Abrams v. Van Kampen Funds, Inc.
- In re American Tower Corporation Securities Litigation
- Arkansas Teacher Retirement System v. State Street Corp.
- In re Cbeyond, Inc. Securities Litigation
- In re Compellent Technologies, Inc. Shareholder Litigation
- In re Countrywide Securities Litigation
- In re Eaton Vance Corporation Securities Litigation
- In re Hewlett-Packard Company Securities Litigation
- Hicks v. Morgan Stanley & Co.
- In re Massey Energy Co. Securities Litigation
- In re Metromedia Fiber Network, Inc.
- In re NeuStar, Inc. Securities Litigation
- In re Orbital Sciences Corp. Securities Litigation
- Plymouth County Retirement System v. Model N, Inc.
- In re Regions Morgan Keegan Closed-End Fund Litigation
- In re Royal Group Technologies Securities Litigation
- In re Spectranetics Corporation Securities Litigation
- In re Sterling Foster & Co., Inc. Securities Litigation
- In re Transaction Systems Architects Securities Litigation
- In re Veritas Software Corporation Securities Litigation
- In re Waste Management, Inc. Securities Litigation
1996, New Jersey
1997, New York
U.S. Court of Appeals
2004, First Circuit
2007, Second Circuit
2015, Fourth Circuit
1998, Fifth Circuit
2007, Eighth Circuit
2010, Ninth Circuit
U.S. District Court
1996, District of New Jersey
1999, Southern District of New York
1999, Eastern District of New York
2009, District of Colorado
2010, Western District of Michigan
In the News
- Law360, $530M State Street Forex Deal Gets Judge's Sign-Off (11/02/2016)
- Press Release, Labaton Sucharow Recovers $300 Million from State Street in connection with FX Trades (07/26/2016)
- Law360, State Street Nears Settlement of Forex Troubles (06/27/2016)
- Press Release, Labaton Sucharow Secures Favorable Recovery in Securities Class Action Against Software Company (12/04/2015)