As part of its series on Influential Women in Securities Law, Law360 (subscription) has published a profile of Lieff Cabraser founding partner Elizabeth Cabraser. As the publication notes, “Long before Bernie Madoff left a permanent mark on the way regulators think about Ponzi schemes, Cabraser and her firm were going after fraudsters who flew below the SEC’s radar and targeted retirees with in-person pitches.”
“Unlike today, where there is a lot of competition in the securities arena, and a lot of people competing to represent the lead plaintiff or to file suit, we would find ourselves alone in the case,” Cabraser told the publication.
Instead of filing the usual fraud claims after a stock drop, Cabraser and her firm have developed massive cases involving novel theories of financial fraud.
As Law360 notes, “Though Cabraser and the firm have since become much better known for leadership of high-profile consumer cases — she and her firm were chosen from among 150 contenders to lead the Volkswagen emissions fraud litigation on behalf of car buyers — she has also led or co-led eight multidistrict securities litigations over the years.” They continue:
Among her fellow lawyers, Cabraser is known not only for her command of mass tort and class action law and procedure, but for her work to improve them and her personal commitment to justice and fairness.
Ed Labaton of Labaton Sucharow LLP, one of the many firms Cabraser has worked alongside, said the veteran of the plaintiffs bar “embodies all the qualities that a lawyer should have … integrity, commitment, hard work and the ability to speak and write well.”
Richard Marcus, a professor at UC Hastings College of the Law who has served as an associate reporter to the committee for 20 years, said that Cabraser’s attention to detail and nuance and familiarity with the concerns of the plaintiffs bar are important contributions to the committee’s work.
“She is superhuman,” Marcus said. ““She is — if not if always, then 99 percent of the time — absolutely on top of the issues, extraordinarily thoughtful and forceful without shouting.”
Read the full profile on Law360 (subscription).