SAN DIEGO, June 10 /PRNewswire/ -- The leading national law firm
representing investors and consumers in class action litigations today
announced a premier boutique firm with similar specialties will be joining it.
William S. Lerach announced that Lerach Coughlin Stoia & Robbins LLP would
be joined by the lawyers of Geller Rudman PLLC. Both firms specialize in class
action and individual cases on behalf of shareholders and institutional
investors, as well as consumers, in pursuit of financial recoveries and
corporate governance changes to protect against abuses by company management.
The firms also are involved in nationwide litigation relating to
fraudulent life, health and auto insurance company practices and numerous
anti-trust matters, including abusive practices by the major credit card
William S. Lerach of Lerach Coughlin said, "We are delighted that Paul
Geller, Sam Rudman and their colleagues will be joining us. We have worked
with them for many years and know them to be lawyers of the highest quality.
They are also great people."
Geller stated, "We are thrilled to be joining the Lerach Coughlin
powerhouse. Their achievements in representing stockholders and consumers are
unrivaled and we look forward to working with them." Rudman, who previously
worked with the Lerach Coughlin partners in a predecessor firm, said he was
delighted to be rejoining them.
Effective August 1, 2004, the firm will be known as Lerach Coughlin Stoia
Geller Rudman & Robbins LLP. It will have approximately 140 lawyers. It will
be responsible for prosecuting several of the largest and most high-profile
securities class action suits in the United States, including the Enron,
HealthSouth, Qwest, Vivendi, Dynegy, New York Stock Exchange Specialists,
Cisco and AT&T cases, as well as private litigations on behalf of large
institutional investors arising out of the WorldCom and AOL/Time Warner
The firm also announced that in addition to the New York and Florida
offices, they have also opened a new office in Seattle, WA. These three
offices now provide Lerach Coughlin with offices throughout the United States
-- San Diego, Los Angeles, San Francisco, CA; New York City; Houston, TX;
Washington, DC, Philadelphia, PA; Seattle and Boca Raton, FL. The firm
represents more public and Taft-Harley funds and other institutional investors
than any other securities litigation firm in the United States.
Recent studies by Securities Class Action Services (SCAS) confirm that the
Lerach Coughlin (as part of its predecessor firm Milberg Weiss Bershad Hynes &
Lerach LLP), is by far the leading firm in securing recoveries for defrauded
investors in the United States. According to SCAS, the Lerach Coughlin/Milberg
Weiss firms achieved over $2 billion in 65 recoveries during 2003, achieving
an average settlement of $32.4 million, the largest among the top five
securities class action firms. Over the past 25 years, the firm has recovered
over $40 billion for victimized shareholders.
The firm also has successfully stopped national and global life insurance
companies from using fraudulent and improper tactics to sell life insurance
policies and annuities and recouped losses for victimized buyers. Lerach
Coughlin's antitrust practice has weighed in on behalf of victims of price-
fixing and price discrimination practices. And Lerach Coughlin consumer
attorneys represent plaintiffs in diverse cases involving cellphone
termination fees, fraudulent healthcare charges, unfair practices in the
residential mortgage business and false advertising claims.
SOURCE Lerach Coughlin Stoia & Robbins LLP