October 09, 2013

Law360

In naming Cohen Milstein Sellers & Toll PLLC among its “Most Feared Plaintiffs Firms,” Law360 reported that the Firm has “proven a formidable foe for defense teams, securing more than $1 billion for plaintiffs in antitrust and mortgaged-backed securities class actions.”  Law360 went on to cite the victories that landed the firm a spot on the Most Feared Plaintiffs Firms list. These include In re Urethanes Antitrust Litigation and the multiple mortgage-backed securities litigation class actions.

In In re Urethanes Antitrust LItigation, after nearly 10 years of working on the case, the firm helped secure a $1.2 billion judgment in February, after the court trebled the jury's $400 million verdict. The judgment was amended in July to just over $1 billion to take into account previous settlements. 

In the multiple mortgage-backed securities (MBS) cases, Cohen Milstein's successes include a $100 million settlement reached in July on behalf of the New Jersey Carpenters Health Fund over mortgage-backed securities issued by Residential Accredit Loans Inc. In 2011, the firm reached a $90 million settlement on behalf of a class of investors in a class action against a unit of MF Global Holdings Ltd. And most recently, the firm negotiated a history-making $500 million settlement in the Countrywide MBS litigation.