Office Profile

Barrack, Rodos & Bacine

Philadelphia Office

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USA: Spotlight

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Provided by Barrack, Rodos & Bacine

Barrack, Rodos & Bacine is a nationally recognized law firm known for its prosecution of complex litigation, including securities class actions on behalf of institutional investors, derivative and breach of fiduciary duty actions by corporate shareholders, antitrust class actions on behalf of victims of price-fixing conspiracies, and other federal and state law matters on behalf of consumers. Since 1976, the Firm has had significant leadership positions in such litigation, having been appointed by courts as lead counsel in numerous class actions throughout the United States, including those brought pursuant to the provisions of the Private Securities Litigation Reform Act of 1995 (“PSLRA”). We’ve recovered over $15 billion for injured investors through PSLRA and other shareholder actions. This includes four securities class actions that stand as the largest recoveries in some of the most active federal courts around the country (Southern District of New York, District of New Jersey, Northern District of California, and District of Delaware). We are one of the only firms that has litigated a securities class action through trial, achieving a jury verdict in the full amount of damages sought on a class-wide basis and maintaining the verdict on appeal . We were also the first firm to represent a public pension fund in securities litigation and the first firm with a patented online portfolio monitoring service (BEAMS®) that allows us to track our institutional investor clients’ financial interests in securities litigations.

U.S. Securities Law Litigation

Barrack Rodos & Bacine is nationally recognized for litigating complex securities class actions and obtaining significant recoveries for investors. Recoveries in hard-fought litigation on behalf of investors include the following actions: WorldCom (recovery of more than $6.19 billion), Cendant (recovery of $3.32 billion), McKesson (recovery of $1.052 billion) and AIG (recovery of $970.5 million). Other notable recoveries were also achieved in securities class cases against Merrill Lynch ($475 million), Bank of America ($335 million), DaimlerChrysler ($300 million), 3COM ($259 million), The Mills Corporation ($202.75 million) and Schering-Plough ($165 million).

Barrack Rodos & Bacine is also one of the few firms that has successfully tried a securities case through a jury verdict when it secured a victory against Apollo Group, Inc., later resulting in a $145 million settlement while appeals were pending. The Firm was also successful in achieving significant settlements after taking cases through trial to the eve of closing arguments against Arthur Andersen, as outside auditor of WorldCom, and Bank of New York Mellon in a bondholder action.

Fiduciary Duty and Corporate Governance Litigation

Barrack Rodos & Bacine is a leading firm in derivative, fiduciary duty and M&A litigation having successfully litigated dozens of cases to address the abuses of corporate directors, officers and insiders. Representative cases include Pepsi Bottling Group ($1.022 billion settlement based on $7 per share increase in merger price), Chiron ($880 million settlement based on $3 per share increase in merger price), Lafarge N.A.($388 million settlement based on $10.50 per share increase in buyout price), Nationwide Financial Services ($232.8 million settlement based on $5.05 per share increase in buyout price), and Cheniere Energy (invalidation of $565 million in shares to corporate insiders).

Antitrust Litigation

Barrack Rodos & Bacine’s antitrust litigation lawyers are internationally recognized for their success in class actions against manufacturers and producers of goods and services. The Firm has represented direct and indirect purchasers in many of the nation’s largest antitrust cases challenging monopolization, price-fixing, manipulation, bid-rigging, and other anti-competitive practices. Such cases include Vitamins Antitrust Litigation ($1 billion in settlements), Urethane Antitrust Litigation ($835 million settlement after a jury verdict while on appeal to the U.S. Supreme Court), and Graphite Electrodes Antitrust Litigation ($133 million in settlements).

Consumer Protection Litigation

From protecting purchasers of annuity contracts to defending the rights of mutual insurance policyholders, our consumer protection lawyers have successfully prosecuted cases on behalf of consumers in state and federal courts across the country including cases such as Allianz (settlement valued between $251 - $971 million), American Equity Annuity ($129 million settlement) and Lincoln Financial ($110 million settlement).

With creative intellect and a passion for standing up for consumers and shareholders, Barrack, Rodos & Bacine’s class action lawyers have the skills, tenacity and resources to prevail in even the most complex cases.

Philadelphia, PA

Two Commerce

Square 2001 Market Street, Suite 3300

Philadelphia, PA

19103

Phone: (215) 963–0600

Fax: (215) 963–0838

New York, NY

Eleven Times

Square 640 8th Avenue, 10th Floor

New York, NY 10036

Phone: (212) 688–0782

Fax: (212) 688–0783

San Diego, CA

One America Plaza

600 West Broadway, Suite 900

San Diego, CA 92101

Phone: (619) 230–0800

Fax: (619) 230–1874

Offices

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USA - Head office
Two Commerce Square 2001 Market Street Suite 3300 , Philadelphia, Pennsylvania, USA, 19103

Web: barrack.com