Bruce W. Leppla
Partner, San Francisco Office
415 956-1000
415 309-3535

“Even a dog knows the difference between being stumbled over and being kicked.”
O.W. Holmes
Bruce W. Leppla

A Business Leader, Innovator and Defender of Investor Rights

Bruce W. Leppla is a partner in the San Francisco office of Lieff Cabraser, the 2022 New York Law Journal “Class Action Department of the Year,” the 2021 American Lawyer “Boutique Litigation Firm of the Year,” and the Benchmark Litigation “California Plaintiff Firm of the Year.”

Bruce has received numerous honors and awards, including:

Lawdragon named Bruce “one of the nation’s best plaintiff’s lawyers in the area of financial fraud litigation.” As Lawdragon stated, “These 500 lawyers are the best in the nation – many would say the world—at representing plaintiffs in securities and other business litigation, antitrust, whistleblower claims, and increasingly complex financial litigation and data privacy invasions.”

Bruce has been consistently recognized by Best Lawyers (the oldest and most respected peer-review publication in the legal profession”) as one of the nation’s finest lawyers in its annual “Best Lawyers in America” publication and by Lawdragon as one of the “500 Leading Plaintiff Financial Lawyers in America.”

Bruce received a 2020 American Antitrust Institute award for his efforts in the historic Enoxaparin antitrust price fixing litigation.

Bruce is the author or co-author of 11 United States and international patents, including the foundational patent “A Method for Storing and Retrieving Digital Data Transmissions,” United States patent No. 5,659,746, issued August 19, 1997. Bruce is a recipient of the fi360 Accredited Investment Fiduciary designation; a member of the Editorial Board of Wall Street Lawyer; and the author of numerous financial and securities litigation articles.

Bruce is an honors graduate of Yale University, magna cum laude, and the U.C. Berkeley Graduate Schools of Law (JD), Journalism (MA) and Economics (MS).

Bruce’s litigation experience includes representing public funds, private institutional investors, national labor organizations (including AFSCME DC 37 in New York City), and consumers in actions against Altria Corp., Purdue Pharma, Petrobras, American International Group, Merck, Celera Corp., Teva, Broadcom, McKesson, America Online, Qwest, and many other cases.

He evaluates, develops and litigates securities fraud and antitrust cases, assists in expert witness matters as they relate to accounting issues, and manages with his partners the settlement of cases that involve corporate finance matters. He is a member of the Union Internationale des Avocats (UIA), and has served as the ABA Litigation Section Chairman on International Corporate Governance Developments.

Bruce is the Chairman of Leppla Capital Management LLC (, a registered investment advisory firm dedicated to supporting national secondary school financial education programs.

Bruce served as the CEO and President of San Francisco-based Redwood Bank from 1984 to 1998, which he sold in 1999 to a national bank at a substantial premium. Bruce has also served as a Director of the California Bankers Association, and as a Guest Lecturer on real estate finance and law at U.C. Berkeley’s Haas School of Business.

Bruce has been active in real estate ventures. In 1994, Bruce, with his partner Douglas Stitzel, and through a joint venture with Home Savings of America, acquired, developed and sold The Pacific Center, a 609,000 square foot multi-use real estate development at the corner of Fourth and Market Streets, San Francisco, California.

Bruce speaks frequently in the United States and globally on financial literacy, securities and antitrust litigation developments, IP valuation and related topics. He speaks regularly before the International Foundation of Employee Benefits, the Council of Institutional Investors, the Investment Company Institute, the National Association of Public Pension Plans, and many other organizations.

Bruce is the former Chairman of the non-profit San Francisco Chamber Singers, and currently serves on the Board and as the Chief Investment Officer of the Yale Whiffenpoof Alumni Association.

Long form bio (click to open pdf).

  • University of California, Berkeley, School of Law (Berkeley Law)
    M.G. Reade Scholarship Award
  • University of California, Berkeley, Graduate School of Economics
    M.S., Law and Economics
    Developmental and Quantitative Economics
  • Yale University, New Haven, Connecticut
    B.A. (magna cum laude)
    Economics, with Distinction
  • Selected for inclusion by peers in The Best Lawyers in America in the field of “Litigation – Securities,” 2022-2024
  • “Lawdragon 500 Leading Plaintiff Financial Lawyers in America,” Lawdragon, 2021-2023
  • “Outstanding Private Practice Antitrust Achievement,” American Antitrust Institute, 2020
  • California, 1976
  • Colorado, 2006
  • New York, 1978
  • U.S. Court of Appeals 9th Circuit, 1976
  • U.S. District Court Central District of California, 1976
  • U.S. District Court Eastern District of California, 1976
  • U.S. District Court Northern District of California, 1976
  • U.S. District Court Southern District of New York, 2015
  • “Stay in the Class or Opt-Out? Institutional Investors Are Increasingly Opting-Out of Securities Class Litigation,” Securities Litigation Report, West LegalWorks, Vol. 3, No. 8, September 2006
  • Co-Author with Elizabeth J. Cabraser and Joy A. Kruse, “Selected Waiver: Recent Developments in the Ninth Circuit and California, Part 2,” Securities Litigation Report, Vol. I, No. 10, pp. 1, 3-9, June 2005
  • Co-Author with Elizabeth J. Cabraser and Joy A. Kruse , “Selected Waiver: Recent Developments in the Ninth Circuit and California, Part 1,” Securities Litigation Report, Vol. I, No. 9, pp. 1, 3-7, May 2005
  • Author, Co-Author of 11 different U.S. and International patents in electronic commerce and commercial product design, including “A Method for Storing and Retrieving Digital Data Transmissions,” United States Patent No. 5,659,746, issue August 19, 1997, 1997
  • “Securities Powers for Community Banks,” California Bankers Association Legislative Journal, 1987
  • American Association for Justice
  • Bar Association of San Francisco, Barrister’s Club
  • California Bankers Association, Director, 1993 – 1999 California State Small Business Development Board, 1989 – 1997
  • Community Reinvestment Institute, Founding Director, 1989 – 1990
  • National Association of Public Pension Attorneys
  • New York State Bar Association
  • San Francisco Chamber of Commerce, Leadership Council, 1990 – 1992
  • State Bar of California Union Internationale des Avocats, Winter Corporate Governance Seminar, Seminar Chairman, 2012
  • University of California at Berkeley, Berkeley Law Alumni, Board of Directors, 1993 – 1996
  • Wall Street Lawyer, Member, Editorial Board
  • Yale University Alumni Board of Directors, Director, 2001 – 2005
  • Yale Whiffenpoofs
  • “Recent Developments in Cross-Border Litigation”, Union Internationale des Avocats, Frankfurt, Germany, Spring meeting, 2010
  • “Legal and Economic Aspects of Securities Class and Opt-out Litigation”, Union Internationale des Avocats, Park City, Utah, Winter Meeting, 2010
  • “Legal and Global Economic Implications of the U.S. Subprime Lending Crisis”, EPI European Pension Fund Summit, Montreux, Switzerland, May 2, 2008
  • “Impact of Spitzer’s Litigation and Attempted Reforms on the Investment Banking and Insurance Industries”, Bar Association of San Francisco, May 19, 2005
  • “Basic Principles of Securities Litigation”, Opal Financial Conference, National Public Fund System Legal Conference, Phoenix, AZ, January 14, 2005
  • “Betting on the Horse After the Race is Over—In Defense of Mutual Fund Litigation Related to Undisclosed After Hours Order Submission”, American Enterprise Institute, September 30, 2004
  • Lecturer, Lending Documentation, Financial Institutions Litigation and similar topics, California Bankers Association General Counsel Seminars, 1993 – 1996
  • Lecturer, Real Estate Law and Finance, University of California at Berkeley, Haas School of Business, 1993 – 1996
  • California-licensed Real Estate Broker, 2009 – Present
  • FINRA and California-licensed Registered Investment Adviser, 2008 – Present
  • Susquehanna Corporation, Chairman, 2006 – Present
  • Leppla Capital Management, LLC, Chairman, 2008 – Present
  • Lieff Cabraser Heimann & Bernstein, LLP, Partner, 2004 – 2008
  • Lieff Cabraser Heimann & Bernstein, LLP, Counsel, 2002 – 2003
  • California Bankers Insurance Services Inc., CEO and President, 1999 – 2001
  • Redwood Bank, CEO and President, 1985 – 1998
  • Redwood Bank, CFO and General Counsel, 1981 – 1984
  • Brobeck, Phleger & Harrison, 1980
  • Davis Polk & Wardwell, 1976 – 1980