Labaton Sucharow represents leading public pension funds, financial institutions, asset managers and other institutional investors in major securities class action cases. We have obtained record recoveries and have been appointed as lead counsel in many of today’s headline-grabbing cases.

Our success is driven by a long-term commitment to our clients. From portfolio monitoring, initial case evaluation to final settlement recommendations, we work to fashion a strategy that meets the goals of each client.


Record Recoveries

We have taken on corporate giants like Bristol-Myers Squibb, Waste Management, and El Paso Energy, and are currently serving as lead or co-lead counsel in cases against American International Group, HealthSouth, St. Paul Travelers, General Motors, and IBM, among many others.

We have obtained both record monetary recoveries and crucial corporate governance reforms for our clients.

For example, representing the Connecticut Retirement Plans and Trust Fund as Lead Plaintiff in In re Waste Management, Inc. Securities Litigation, our team recovered $457 million and reached an agreement that included extensive corporate governance reforms designed to strengthen the role and independence of the audit committee and improve accountability through change-in-board structures and the protection of whistleblowers.

In announcing this settlement, Connecticut State Treasurer Denise Nappier noted, “we achieved more money in less time at a lower cost than in any previous Class Action case in U.S. history.”


A Firm of Firsts

Since passage of the Private Securities Litigation Reform Act (PSLRA), Labaton Sucharow attorneys have been out in front, helping institutional investors to lead the charge against corporate fraud and wrongdoing.

We represented an affiliate of one of the United States’ ten largest banks as the first major private institutional investor to become a lead plaintiff in a class action under the PLRSA. We also had the first successful jury trial and verdict of Section 14 claims under the PSLRA which challenged the disclosures in a proxy and resulted in a $184 million jury verdict.

In addition, Labaton Sucharow is widely recognized for the creation of a new paradigm for structuring settlements in securities class action cases to ensure that disparate classes of investors each receive a fair voice, both during settlement negotiations and in the allocation of the settlement funds.

To provide the global services demanded by financial markets without geographic boundaries and to meet the demands of our worldwide clients, we have now moved to the world stage, creating alliances with leading European law firms in Germany, Italy, The Netherlands, France, England, Canada and Australia to create a truly international practice dedicated to representing institutional investors in class actions and complex securities cases in the United States and throughout Europe and the world.


Going the Distance

Sometimes, the most effective action that trusted counsel can take is to save clients’ time and resources. Because the relationship with our clients is designed to be one of trust and advice which extends far beyond any one case, we only recommend that our clients take an active role, such as filing cases, where serious wrongdoing has occurred, substantial harm has been inflicted and the likelihood of success is substantial. We have the internal experience, resources, and professional talent to conduct a sophisticated in-house legal, factual, and financial analysis, as well as an in-depth, independent forensic investigation. Our professional staff is diverse and uniquely qualified in the legal, economics, securities, accounting, and investigative sciences. Let them go to work for you.