Thomas A. Dubbs focuses on the representation of institutional investors in domestic and multinational securities cases. Recognized as a leading securities class action attorney, Tom has been named as a top litigator by Chambers & Partners for 10 consecutive years.
Tom has served or is currently serving as lead or co-lead counsel in some of the most important federal securities class actions in recent years, including those against American International Group, Goldman Sachs, the Bear Stearns Companies, Facebook, Fannie Mae, Broadcom, and WellCare. Tom has also played an integral role in securing significant settlements in several high-profile cases including: In re American International Group, Inc. Securities Litigation (settlements totaling more than $1 billion); In re Bear Stearns Companies, Inc. Securities Litigation ($275 million settlement with Bear Stearns Companies, plus a $19.9 million settlement with Deloitte & Touche LLP, Bear Stearns' outside auditor); In re HealthSouth Securities Litigation ($671 million settlement); Eastwood Enterprises LLC v. Farha et al. (WellCare Securities Litigation) (over $200 million settlement); In re Fannie Mae 2008 Securities Litigation ($170 million settlement); In re Broadcom Corp. Securities Litigation ($160.5 million settlement with Broadcom, plus $13 million settlement with Ernst & Young LLP, Broadcom's outside auditor); In re St. Paul Travelers Securities Litigation ($144.5 million settlement); In re Amgen Inc. Securities Litigation ($95 million settlement); and In re Vesta Insurance Group, Inc. Securities Litigation ($78 million settlement).
Representing an affiliate of the Amalgamated Bank, the largest labor-owned bank in the United States, a team led by Tom successfully litigated a class action against Bristol-Myers Squibb, which resulted in a settlement of $185 million as well as major corporate governance reforms. He has argued before the United States Supreme Court and has argued 10 appeals dealing with securities or commodities issues before the United States Courts of Appeals.
Due to his reputation in securities law, Tom 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. He is a prolific author of articles related to his field, and he recently penned "Textualism and Transnational Securities Law: A Reappraisal of Justice Scalia's Analysis in Morrison v. National Australia Bank," for the Southwestern Journal of International Law (2014). He has also written several columns in UK-wide publications regarding securities class action and corporate governance.
Prior to joining Labaton Sucharow, Tom was Senior Vice President & Senior Litigation Counsel for Kidder, Peabody & Co. Incorporated, where he represented the company in many class actions, including the First Executive and Orange County litigation and was first chair in many securities trials. Before joining Kidder, Tom was head of the litigation department at Hall, McNicol, Hamilton & Clark, where he was the principal partner representing Thomson McKinnon Securities Inc. in many matters, including the Petro Lewis and Baldwin-United class actions.
In addition to his Chambers & Partners recognition, Tom was named a Leading Lawyer by The Legal 500 and inducted into its Hall of Fame, an honor presented to only three other plaintiffs securities litigation lawyers "who have received constant praise by their clients for continued excellence." Law360 also named him an "MVP of the Year" for distinction in class action litigation in 2012 and 2015, and he has been recognized by The National Law Journal, Lawdragon 500, and Benchmark Litigation as a Securities Litigation Star. Tom has received a rating of AV Preeminent from the publishers of the Martindale-Hubbell directory.
Tom serves as a FINRA Arbitrator and is an Advisory Board Member for the Institute for Transnational Arbitration. He is a member of the New York State Bar Association, the Association of the Bar of the City of New York, the American Law Institute, and he is a Patron of the American Society of International Law. He was previously a member of the Members Consultative Group for the Principles of the Law of Aggregate Litigation and the Department of State Advisory Committee on Private International Law. Tom also serves on the Board of Directors for The Sidney Hillman Foundation.
University of Wisconsin-Madison
Fletcher School of Law and Diplomacy, Tufts University
University of Wisconsin-Madison
1976, New York
2010, U.S. Supreme Court
U.S. Court of Appeals
1976, Second Circuit
2004, Third Circuit
2012, Fourth Circuit
2007, Ninth Circuit
2002, Eleventh Circuit
U.S. District Court
1985, Southern District of New York