Thomas A. Dubbs specializes in the representation of institutional investors including pension funds in securities fraud and other types of litigation. A recognized leader in the field, Mr. Dubbs represented the first major private institutional investor to become a lead plaintiff in a class action under the Private Securities Litigation Reform Act.
Mr. Dubbs currently serves as Lead or Co-Lead Counsel in federal securities class actions against AIG, Wellcare and Bear Stearns, among others.
Most recently, Mr. Dubbs has played a central role in numerous high profile cases, including In re HealthSouth Securities Litigation, $804.5 million settlement; In re Broadcom Corp. Securities Litigation, $160.5 million settlement; In re Vesta Insurance Group, Inc. Securities Litigation, $79 million settlement; and In re St. Paul Travelers II Securities Litigation, $77 million settlement.
Representing an affiliate of the Amalgamated Bank, the largest labor-owned bank in the United States, a Labaton Sucharow team led by Mr. Dubbs successfully litigated a class action against Bristol-Myers Squibb, which resulted in a settlement of $185 million and major corporate governance reforms.
Mr. Dubbs is the author of “Shortsighted?,” Investment Dealers’ Digest, May 29, 2009; A Scotch Verdict on ‘Circularity’ and Other Issues, 2009 Wis. L. Rev. 455 n.2 (2009); and several columns in UK-wide pensions publications focusing on securities class actions and corporate governance. He also is the co-author of the following articles: “In Debt Crisis, An Arbitration Alternative,” The National Law Journal, March 16, 2009; “The Impact of the LaPerriere Decision: Parent Companies Face Liability,” Directors Monthly, February 1, 2009; “Auditor Liability in the Wake of the Subprime Meltdown,” BNA’s Accounting Policy & Practice Report, November 14, 2009; and “US Focus: Time for Action,” Legal Week, April 17, 2008.
Mr. Dubbs frequently lectures to institutional investors and other groups such as the Government Finance Officers Association, the National Conference on Public Employee Retirement Systems and the Council of Institutional Investors.
Prior to joining Labaton Sucharow, Mr. Dubbs was Senior Vice President & Senior Litigation Counsel for Kidder, Peabody & Co. Incorporated where he represented the firm in many class actions, including the First Executive and Orange County litigations. Before joining Kidder, Mr. Dubbs was head of the litigation department at Hall, McNicol, Hamilton & Clark, where he was the principal partner representing Thomson McKinnon Securities Inc. in litigation matters including class actions such as the Petro Lewis and Baldwin United litigations.
He is a member of the New York State Bar Association, the Association of the Bar of the City of New York, and the American Society of International Law.
Mr. Dubbs has been recognized by The National Law Journal, Chambers and Partners USA and the Lawdragon 500. Mr. Dubbs has received a rating of AV from the publishers of the Martindale-Hubbell directory.
