The Rosen Law Firm > New York, United States > Firm Profile

The Rosen Law Firm Offices

The Rosen Law Firm
275 Madison Ave
40th FL
NEW YORK, NY 10016
United States
Visit website 1 212 686 1060

The Rosen Law Firm > The Legal 500 Rankings

Dispute resolution > Securities litigation: plaintiff Tier 3

The Rosen Law Firm in New York joins the ranking this year having built up a strong track record of high-value settlements in landmark cases. A prime example is the $250m settlement it secured in a multi-district certified class action against Alibaba arising out of the company’s issuance of materially false and misleading business information in connection with its IPO. Managing partner Laurence Rosen and Phillip Kim led that matter. The eight-partner practice, which focuses almost exclusively on securities litigation, also includes Noel Chandonnet, who provides portfolio monitoring services to public and union pension funds, mutual funds, hedge funds, endowments and family offices, both domestically and overseas. The Alibaba case continues the firm’s track record of success in cases against companies based in China, though it also handles significant domestic matters, a key example being its work to secure a proposed $48m settlement in Infinity Q Diversified Alpha Fund Securities Litigation. The firm is also sole lead counsel in a class action against Robinhood Financial alleging market manipulation arising out of the historic “Meme Stock” events in 2021.

Practice head(s):

Laurence Rose

Other key lawyers:

Noel Chandonnet; Phillip Kim

Work highlights

  • In Christine Asia Co Ltd. v. Alibaba Group Holding Ltd., No. 15-md-2631 (CM) (SDA) case, the firm was sole class counsel in this multidistrict certified class action, the complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company’s issuance of materially false and misleading business information. The parties settled this action for $250 million in cash.
  • In Pirnik v. Fiat Chrysler Automobiles, N.V., 15-CV-7199 (JMF) case, the firm was co-Class Counsel in this class. The complaint alleged violations of §§10b and 20(a) of the Securities Exchange Act arising out of the Company’s issuance of materially false and misleading statements about its true business condition. The parties settled this action for $110 million in cash.
  • In Robinhood case, No. 1:21-md-02989-CMA, the firm is currently serving as sole class counsel in this class action, Laurence is currently the lead attorney for a large MDL in the Southern District of Florida against Robinhood Financial alleging market manipulation arising out of the historic “Meme Stock” events in January 2021 where Robinhood shut down trading in Meme Stocks causing their prices to crash and inflicting billions of damages on investors.

The Rosen Law Firm > Firm Profile

The Rosen Law Firm (RLF) was founded by Laurence Rosen, one of the nation’s most successful securities litigation attorneys in 2001 to be a champion of investor rights. The firm represents individual and institutional investors from around the world who have invested in U.S. securities markets and fallen victim to corporate malfeasance of all types. RLF takes legal action against publicly traded companies in securities class actions and derivative suits, often obtaining recoveries of loss that exceed the median recoveries in similar suits. The firm is also retained by institutional investors such as public and union pension funds to monitor their portfolios for potential recoverable losses at no cost to the fund. Client portfolio assets currently total over $350bn.

Our team’s 26 attorneys are deeply experienced in complex securities litigation involving violations of the Securities Act of 1933 and the Securities Exchange Act of 1934. In addition, RLF is currently ranked 3rd in the nation in the number of securities class action settlements by ISS Securities Class Action Services and has been ranked in the top 5 for the past 10 years.

Our successful settlements:

  • Alibaba Group Holding Ltd., (S.D.N.Y.). Rosen Lead Counsel. $250m
  • Fiat Chrysler Automobiles, (S.D.N.Y.). Rosen Co-Lead Counsel. $110m
  • Infinity Q Diversified Alpha Fund, (N.Y. Supreme). Rosen Co-Lead Counsel. $48m, pending court approval
  • Silver Wheaton Corp., (C.D. Cal.). Rosen Lead Counsel. $41.5m
  • Omega Healthcare Investors, Inc., (S.D.N.Y.). Rosen Lead Counsel.  $30.75m
  • Magnachip Semiconductor Corp., (N.D. Cal.). Rosen Co-Lead Counsel. $29.7m.
  • Och-Ziff Capital Management Group LLC,(S.D.N.Y.). Rosen Co-Lead Counsel. $28.75m
  • Walter Investment Management, (S.D. Fla.). Rosen Co-Lead Counsel. $24m
  • Galena Biopharma, Inc., (D. Or.). Rosen Co-Lead Counsel. $20.165m.
  • El Pollo Loco Holdings, Inc., (C.D. Cal.). Rosen Co-Lead Counsel. $20m

Recent recognition:

  • 2024 Law Dragon – 500 leading Plaintiff Financial Lawyers: We have 6 lawyers who won this award: Laurence Rosen, Phillip Kim, Jacob Goldberg, Yu Shi, Jonathan Stern, and Jing Chen.
  • 2024 Super Lawyer: We have 5 lawyers who won this award: Laurence Rosen, Phillip Kim, Yu Shi, Sara Fuks, and Erica Stone.
  • 2024 Best Lawyer: Phillip Kim

Main Contacts

Department Name Email Telephone
Managing Partner - Securities Litigation Laurence Rosen lrosen@rosenlegal.com (866) 767-3653
Partner - Securities Litigation Phillip Kim pkim@rosenlegal.com (212) 686-1060
Director, Institutional Investor Relations Noel Chandonnet, Jr. noelc@rosenlegal.com (212) 686-1060

Languages

English
Chinese
French