Cohen Milstein has ‘a strong team, top to bottom’ and clients remark that the firm is ‘engaged in cutting edge litigation and is striking a unique path in the industry'. The firm continues to cement its position as a securities litigation powerhouse with the confirmation of a $1bn settlement against Wells Fargo ending a three-year securities fraud class action concerning false and misleading statements to the public and Congress regarding issues of critical concern. The ten-partner securities litigation and investor protection litigation practice is led by ’fierce and zealous advocate‘ Steven Toll, who is ’one of the deans of the class action bar', and Julie Reiser, who has a stellar track record in addressing corporate board failures in the wake of #MeToo, as well as other systemic discrimination and harassment-related scandals through shareholder derivative litigation. Both are based in Washington DC. In the New York office, key partner Laura Posner, former Bureau Chief for the New Jersey Bureau of Securities, leads the firm’s efforts in securities class actions related to independent auditor fraud. Up-and-coming partner Michael Eisenkraft continues to build his reputation in innovative market manipulation and collusion cases relating the global financial markets.
Testimonials
Collated independently by Legal 500 research team.
‘Strong team, from top to bottom. Engaged in cutting edge litigation and striking a unique path in the industry.’
‘Steve Toll is one of the "deans" of the class action bar - always a fierce and zealous advocate but can be a statesman and diplomat as well.’
Work highlights
- In re Wells Fargo & Company Securities Litigation, No. 1:20-cv-04494-GHW (S.D.N.Y.): On September 8, 2023, the court granted final approval of a $1 billion settlement with Wells Fargo (NYSE: WFC), ending a three-year securities fraud class action lawsuit brought on behalf of investors nationwide.
- Iowa Public Employees Retirement System et al. v. Bank of America Corp., No. 1:17-cv-06221 (S.D.N.Y.)|On September 1, 2023, the Court granted preliminary approval of a historic settlement of approximately $500 million in cash along with injunctive relief with defendants Morgan Stanley, Goldman Sachs, UBS, JP Morgan, and EquiLend in this ground-breaking anticompetitive class action in which plaintiffs allege that these banks, along with Credit Suisse and Bank of America, engaged in a group boycott to thwart the modernization of the $1.7 trillion stock loan market in violation of the antitrust laws.