For the second year in a row, Cohen Milstein has been named to The National Law Journal's Plaintiffs' Hot List.
Every year, The National Law Journal (NLJ) takes the pulse of the plaintiffs bar by examining its most successful practices. To identify them, they asked readers to nominate firms in the United States that have done exemplary, cutting-edge work on the plaintiffs side--and that are giving defense players a run for their money.
According to the NLJ judges, "It's not always about the big money – although Cohen Milstein Sellers & Toll does just fine in those terms during the past 12 months. Sometimes even more significant is the difference the firm makes in the lives of low-wage workers and exploited consumers."
Among the significant cases leading to Hot List selection are:
Fox v. Tyson Foods, in which Cohen Milstein helped boost the hourly pay standard for the poultry processing industry. The case led to changes in not only Tyson's practices, but also many other chicken processors across the country. Tyson agreed to settle in September 2011 for about $30 million; additional processors will pay another $20 million.
Converium/SCOR Securities Litigation, in which the firm established an alternative venue after the U.S. Supreme Court in Morrison v. National Australia Bank in 2010 barred overseas investors from bringing securities actions against foreign defendants in U.S. courts. The Amsterdam Court of Appeals (a court of first resort in this case) confirmed two settlements worth $58.4 million against Converium Holding A.G. and Zurich Financial Services for non-U.S. investors under Dutch law — and under treaty obligations, the ruling is binding across much of Europe.
Lehman Brothers MBS Litigation, in which Cohen Milstein reached a $40 million settlement in litigation arising from mortgage-backed securities at Lehman Brothers.