Lieff Cabraser has been recognized by the New York Law Journal as the winner of its 2022 Class Action Litigation Department of the Year award. The award is part of the NYLJ’s annual New York Legal Awards, which honor “the best and brightest in New York’s legal community.” Winners will be celebrated tonight during an awards ceremony at The New York Marriot Marquis.
In honor of this recognition, the NYLJ has published an in-depth profile on Lieff Cabraser featuring a Q&A with managing partner Steve E. Fineman, in which he discusses some of the firm’s most noteworthy successes of the past year lead by lawyers in the New York Office.
Below is an excerpt from the Q&A:
What are some of the department’s most satisfying successes of the past year and why?
- In re the Boeing Company Derivative Litigation arose from alleged breaches of fiduciary duties by Boeing’s board and senior officers in connection with their oversight of the 737 MAX’s design and development. We represented the New York State Common Retirement Fund and the Colorado Fire and Police Pension Association as co-lead counsel in the case, which resulted in the largest shareholder derivative settlement in Delaware Chancery Court history ($237.5 million paid to Boeing), as well as unprecedented corporate governance reforms at Boeing focused on airplane safety oversight and accountability.
- In Graham v. University of Michigan, we were co-lead class counsel in a case addressing sexual and gender violence at the University of Michigan that resulted in a class action settlement establishing best practices reforms at the University to prevent such violence against students on the campus. The court praised the settlement as an “exceptional result,” and “outstanding,” and said that he was “proud to be a part of it.”
- In Cottle v. Plaid, we were co-lead counsel in a cutting-edge class action in the Northern District of California, alleging that Plaid improperly harvested sensitive personal and financial data, and spoofed bank websites, a part of its “linking” and verification services to payment apps used by consumers. We settled the case for $58 million and robust injunctive relief directed to changing the company’s wrongful practices.
- In In re Navistar MaxxForce Engines Marketing, Sales Practices and Products Liability Litigation, we were co-lead class counsel in a nationwide class action in the Northern District of Illinois, alleging deceptive practices in the marketing and sales of approximately 60,000 long-haul big-rick trucks owned primarily by a class of small businesses. We achieved a $135 million settlement, the largest resolution of its type ever, on behalf of the class.
- In Corker v. Costco, in the Western District of Washington, we represent a class of Hawaiian coffee farmers against 19 defendants who sold allegedly mislabeled coffee. We have reached settlements with all but three of the defendants, resulting in many thousands of dollars for each class member and injunctive relief that will protect the farmers in the future.We intend to try the case against the remaining defendants.
- In the Porsche Gasoline Cases in the Northern District of California, we recently obtained preliminary approval of an $80 million nationwide class action settlement of our claims that Porsche cheated on its emissions and fuel economy testing of certain cars, which caused class members’ vehicles to excessively pollute and consume more gas than promised. The settlement, if granted final approval, will require that Porsche pay almost 100% of class member damages.
A prospective client in crisis calls and asks why your team should be retained. What is your answer?
Based on its 50-year record of success, Lieff Cabraser is one of the premier plaintiff-side class action firms in the country. Our legal expertise, along with our tenacity, integrity, and ability to fund large, multi-party, complex actions, makes us a go-to firm for clients in a crisis.
Congratulations to all on this wonderful recognition!