November 9, 2023
FOR IMMEDIATE RELEASE
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Cohen Milstein’s Laura H. Posner Appointed ILEP President
A leading securities litigator and the former top securities regulator for New Jersey, Posner brings rare perspective on investor rights to think tank
WASHINGTON, D.C. –Laura H. Posner, a partner in Cohen Milstein’s Securities Litigation & Investor Protection and Ethics & Fiduciary Counseling practices and the former Bureau Chief for the New Jersey Bureau of Securities, was named president of the Institute for Law and Economic Policy (“ILEP”), one of the country’s leading public policy research and educational foundations on investor access to the civil justice system.
Posner’s appointment was announced at the 2023 ILEP–Penn Carey Law Journal of Business Law Symposium, November 9, 2023.
Over the course of her career, Posner has recovered billions on behalf of defrauded investors. Her notable successes include 6 of the top 100 securities fraud class action settlements of all time, including, most recently, a historic $1 billion settlement in In re Wells Fargo & Company Securities Litigation (S.D.N.Y.) – the 17th largest securities class action settlement ever and the largest ever without a restatement or related actions by the Securities Exchange Commission or U.S. Department of Justice.
Prior to joining Cohen Milstein, Posner was the Bureau Chief for the New Jersey Bureau of Securities – the top Securities Regulator in New Jersey. Cases prosecuted under her direction resulted in hundreds of millions of dollars in recoveries for New Jersey residents, as well as more than 20 criminal convictions.
“I am delighted Laura will be assuming the role of ILEP President. She has brought an important perspective to ILEP, given her unique regulatory and enforcement background and the fact that she’s actively litigating cutting-edge securities cases to address investor harm and hold corporations accountable,” said Marc Gross, ILEP’s outgoing president.
“I am very honored by this appointment. I have tremendous respect for the long history of ILEP and its incredibly talented and impressive roster of law professors whose scholarship is critical to understanding the constantly evolving areas of securities law, regulation, and litigation, as well as to the protection of investors and the markets more generally,” said Laura Posner, ILEP’s newly appointed president and a partner at Cohen Milstein. “ILEP’s importance cannot be understated given the novel innovations in securities products and trading, such as cryptocurrencies and high-frequency trading, and the current state of the global financial markets.”
In addition to ILEP, Posner is a member of the Public Policy Council of the Certified Financial Planner (“CFP”) Board, the immediate past-Chair of the Association of the Bar of the City of New York’s (NYC Bar) Securities Litigation Committee, and the former Chairwoman of the North American Securities Administrators Association (NASAA) Enforcement Committee.
About Cohen Milstein
Cohen Milstein Sellers & Toll PLLC is a premier U.S. plaintiffs’ law firm, handling high-profile and often precedent-setting litigation. With over 100 attorneys across the country, Cohen Milstein has offices in Washington, DC, Chicago, IL, New York, NY, Palm Beach Gardens, FL, Philadelphia, PA, Raleigh, NC, Boston, MA and Minneapolis, MN. For more information, visit www.cohenmilstein.com or call 202.408.4600.
About the Institute for Law and Economic Policy
The Institute for Law and Economic Policy (“ILEP”) is a public policy research and educational foundation whose mission is to preserve, study, and enhance investor and consumer access to the civil justice system. ILEP organizes symposia, co-sponsored by law schools and attended by academics, jurists, and practitioners. Leading professors and law experts present papers on class actions, securities law, corporate governance, and consumer protection issues. Papers presented at these Symposia have been published in prestigious law reviews and cited by numerous courts, including the U.S. Supreme Court in Amgen, Halliburton and Morrison. For more information, visit www.ilep.org or call (215) 988-9546.