March 14, 2016
Cohen Milstein has once again been named to the National Law Journal’s annual Plaintiffs’ Hot List. In “Deep Benches, High Stakes: The 2016 Plaintiffs’ Hot List,” the NLJ recognizes Cohen Milstein as one of 12 firms touted as leaders of the plaintiffs’ bar.
The NLJ specifically highlights Cohen Milstein’s success in the RALI Mortgage-Backed Securities Litigation, and the recent $235 million settlement for the plaintiffs, New Jersey Carpenters Health Fund, the Boilermaker Blacksmith National Pension Trust and the New Jersey Carpenters Vacation Fund. That sum came in addition to a previously approved partial settlement of $100 million, boosting the plaintiffs’ total recovery to $335 million.
The article quotes Judge Katherine Polk Failla, who oversaw the case, commending the firm for persevering through multiple setbacks. Noting that Cohen Milstein was the only firm to raise its hand to serve as lead counsel, Judge Failla observed: “In 2008 no one else seemed to want to take this particular tack with litigation, and in 2011 they seemed to be proven correct, but here we are with a rather substantial settlement. I don’t want to demean this by saying that fortune favors the brave, but that is what happened here. Plaintiffs’ counsel took on an enormous amount of risk and stuck with it for nearly seven years.”
The full article can be read here.
In this annual series, the NLJ shines a spotlight on firms that scored big recoveries for plaintiffs in 2015 and early 2016. These firms tapped their deep benches for high-stakes litigation battles in courts across the country, fighting for whistleblowers, consumers, institutional investors and college athletes – among many other clients – in multimillion-dollar suits.