Lawrence A. Sucharow
Chairman
Lawrence A. Sucharow, a nationally recognized leader of the securities class action bar, is the chairman of Labaton Sucharow. In this capacity, he participates in developing the litigation and settlement strategies for many of the class action cases Labaton Sucharow prosecutes.
For more than three decades, Mr. Sucharow has devoted his practice to counseling clients and prosecuting cases on complex issues involving securities, antitrust, business transaction, product liability, and other class actions. Mr. Sucharow has successfully recovered more than $1 billion on behalf of institutional investors such as state, city, county and union pension funds, shareholders of public companies, bondholders, purchasers of limited partnership interests, purchasers of consumer products and individual investors.
Mr. Sucharow obtained $225 million in savings for the class of In re CNL Resorts, Inc. Securities Litigation. In other recently settled actions, Mr. Sucharow undertook a lead role in obtaining benefits for class members of $200 million (In re Paine Webber Incorporated Limited Partnerships Litigation); $110 million partial settlement (In re Prudential Securities Incorporated Limited Partnerships Litigation); $91 million (In re Prudential Bache Energy Income Partnerships Securities Litigation); and more than $92 million (Shea v. New York Life Insurance Company). In approving the Prudential settlement, Judge Milton Pollack referred to the efforts of plaintiffs’ counsel as “Herculean," stating: “…this case represents a unique recovery – a recovery that does honor to every one of the lawyers on your side of the case.”
In addition, in 2002 Mr. Sucharow served as Co-Trial Counsel in a six-week trial of a federal securities law claim on behalf of 18,000 passive investors in the Real Estate Associates limited partnerships. That trial resulted in an unprecedented $182 million jury verdict.
Mr. Sucharow is the author of "Schapiro Takes Right Path On Market Reform, But Auditors, Lawyers and Shareholders Need Better Tools," Pensions & Investments, June 1, 2009. He is the co-author of "How Courts Analyze Guilty Pleas and Government Investigations When Considering the Plausibility of an Antitrust Conspiracy After Twombly," BNA's Class Action Litigation Report, March 26, 2010; "Death of the Worldwide Class?," BNA's Securities Regulation & Law Report, June 22, 2009, and "Executive Compensation: Despite reforms, pay is less transparent and shareholder-friendly than in the past," New York Law Journal, March 20, 2008.
Mr. Sucharow is a member of the Federal Bar Council’s Committee on Second Circuit Courts, and the Federal Courts Committee of the New York County Lawyers' Association. He is also a member of the Securities Law Committee of the New Jersey State Bar Association and was the founding chairman of the Class Action Committee of the Commercial and Federal Litigation Section of the New York State Bar Association from 1988-1994. He was honored by his peers by his election to serve a two-year term as President of the National Association of Shareholder and Consumer Attorneys (NASCAT), a membership organization of approximately 100 law firms which practice complex civil litigation including class actions.
Mr. Sucharow is one of only four lawyers in the United States selected by Chambers and Partners USA to be in its highest category, Band 1, (Plaintiffs Securities Class Actions). Mr. Sucharow has received a rating of AV from the publishers of the Martindale-Hubbell directory.
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