Spector Roseman Kodroff & Willis, P.C. is one of the leading class action law firms, recovering billions of dollars on behalf of investors, consumers and businesses in areas such as securities fraud, consumer protection and antitrust.
With U.S. offices in Philadelphia and Washington, DC, and affiliated offices around the world, SRKW and its global team help look after clients’ interests wherever they are impacted — the only plaintiffs’ firm providing its U.S. and international clients with truly worldwide protection.
SRKW Files Unprecedented Lawsuit Against Federal Government on Behalf of Fannie Mae and Freddie Mac Shareholders
SRKW has filed an action in the United States Court of Federal Claims on behalf of shareholders of Fannie Mae and Freddie Mac. The action alleges that the Federal Government's surprise seizure of the two companies in 2008, as well as the Government's subsequent dissipation of the companies' assets, unnecessarily and unconstitutionally deprived shareholders of tens of billions of dollars.
SRKW Named to National Law Journal's 2012 "Hot List" of Top Plaintiffs' Law Firms
In naming the firm to its "Hot List" of top plaintiffs' law firms, The National Law Journal noted that "[w]hat the U.S. Supreme Court took away, Spector Roseman Kodroff & Willis gave back" through its landmark Converium action in the Netherlands. The Journal highlighted SRKW's international prowess in being able to find a way to protect investors after the Supreme Court's 2010 ruling in Morrison v. National Australia Bank substantially altered their rights. (Morrison bars U.S. and overseas investors that purchase shares abroad from bringing federal securities class and individual actions in U.S. courts.)
SRKW Associate Heads Career Support Initiative
Associate Rachel E. Kopp spearheaded the American Bar Association Young Lawyers Division’s first-ever CareerLine LIVE! On Feb. 7, 2013, at the ABA Midyear Meeting in Dallas, where more than 70 YLD volunteers offered one-on-one resume reviews and career support to more than 200 law students and new lawyers.
SRKW Associate Elected to Philadelphia Bar Association Board of Governors
Rachel Kopp, who has long been an active member of the Philadelphia Bar Association, has won a contested election to serve on the Association’s Board of Governors. Ms. Kopp will serve a three-year term on the Board of Governors.
SRKW Adds New Associate to Its Global Securities Practice
Joshua Kaplan has joined SRKW as an associate, working on domestic and international securities litigation. Mr. Kaplan is a graduate of the University of Miami and the Georgetown University Law Center. Prior to joining the firm Mr. Kaplan worked as a Staff Attorney for the U.S. Court of Appeals for the Third Circuit in Philadelphia.
SRKW Appointed Co-Lead Counsel for Direct Purchasers In All Cases In Landmark In re Automotive Parts Antitrust Litigation(more . . .)
SRKW is co-leading this massive antitrust lawsuit in Detroit alleging price-fixing on a host of automotive parts. Regulators in the U.S., Japan and Europe continue to investigate and have already levied nearly $1 billion in fines.
Blood Reagents Class Certified; $22 Million Settlement Approved
In certifying the class of thousands of direct purchasers, Judge DuBois praised SRKW by saying: "Plaintiffs' lead counsel has extensive experience in complex antitrust class actions and has ably performed his duties as interim class counsel."
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Federal judge compliments SRKW in "bringing about the 'ice-breaking' settlement" in nationwide price-fixing conspiracy action
On February 8, 2012, in In re Packaged Ice Litigation, a class action alleging a nationwide price-fixing conspiracy in the sale of packaged ice, Judge Paul Borman of the Eastern District of Michigan stated that because "Spector Roseman played a significant role in bringing about the 'ice-breaking' settlement between the Direct Purchaser Plaintiffs and [defendant] Home City . . . it appears to the Court that the time spent by Spector Roseman . . . resulted in a benefit of great value to the Direct Purchaser Plaintiff Class."
Amsterdam Court of Appeal renders landmark opinion in SRKW's Converium/SCOR action that will benefit American, European and other investors
SRKW partners Robert Roseman and Mark Willis led the successful efforts to make it easier for American and European investors to use Dutch courts when they are barred from joining U.S. shareholder actions because of jurisdictional constraints instituted by the U.S. Supreme Court in Morrison v. National Australia Banks (more . . .)
SRKW A Leader In Case Challenging Effexor Pricing
SRKW has been appointed to lead litigation challenging Wyeth's and Teva's efforts to artificially inflate the price of the anti-depressant drug Effexor XR by conspiring to keep generic versions off the market. Based on SRKW's experience in handling complex class actions, as well as the work it had already performed, Judge Joel Pisano of the U.S. District Court in Trenton, New Jersey appointed SRKW to the Executive Committee of firms leading a nationwide group of end-payor plaintiffs who overpaid for Effexor XR. SRKW has a significant history of successfully prosecuting cases against drug manufacturers that illegally inflate drug prices. The firm's efforts have recovered over $1 billion for consumers and health plans. SRKW's efforts are led by Jeffrey Kodroff and John Macoretta.
SRKW Appointed Co-Lead Counsel in In re Life Partners Holdings, Inc. Derivative Litigation
On July 19, 2011, the District Court for the Western District of Texas appointed SRKW to serve as Co-Lead Counsel in the shareholder derivative litigation involving Life Partners Holdings, Inc. The lawsuit alleges members of the company's board breached their fiduciary duties to Life Partners by engaging in various unlawful business practices, which has caused the SEC to issue a Wells Notice, an indication of a regulatory investigation and a precursor to civil charges.
SRKW involved in providing over $4 million to charities
SRKW is lead counsel in two cases where significant amounts have recently been awarded to charity. It sometimes happens that a portion of a settlement fund remains after all class members with valid claims are paid. When this happens Courts can, and often do, award such funds to charities under the doctrine of cy pres, on the idea that the funds will be used for a purpose "as close as possible' to the goals of the lawsuit. In two cases where SRKW serves as co-lead counsel amounts of $73,000 and $4 million were recently given to charities suggested by SRKW and approved by the Court. (more . . .)
SRKW partner selected for Fulbright Specialists Program
Partner Ted Lieverman has been selected to participate in the Fulbright Specialists Program sponsored by the U.S. Department of State. He spent three weeks in April lecturing on electoral reform and U.S. constitutional law at the Faculty of Law, University of Belgrade, Serbia. Earlier this year, Lieverman also served as an adjunct professor at the Faculty of Law, Vytautas Magnus University, Kaunas, Lithuania.
SRKW forces enhanced disclosures to shareholders regarding the Qualcomm/Atheros deal
SRKW obtained a preliminary injunction postponing the shareholder vote on the Qualcomm/Atheros deal (more . . .)
SRKW sponsored a CLE program at the Pyramid Club titled "Sports & Antitrust: Know the Score."
On November 10, 2010, SRKW sponsored a CLE program at the Pyramid Club titled "Sports & Antitrust: Know the Score." The program featured SRKW partners Eugene A. Spector and Jeffrey J. Corrigan, as well as Comcast SportsNet Anchor Michael Barkann. (more . . .)
Court Allows Wire Tap Claim to Proceed Against Google
In a case of first impression that the court said "presents a novel question of statutory interpretation," U.S. District Judge James Ware upheld plaintiffs' claim that Google's Street View mapping system intentionally collected data transmitted over unencrypted Wi-Fi networks in violation of the federal Wiretap Act. Judge Ware allowed the class lawsuit against Google to proceed.(more . . .)
SRKW appointed to co-lead Babies 'R' Us action
SRKW was appointed to co-lead the price fixing class action against Babies 'R' Us and others which involves allegations of coercing manufacturers into adopting vertical price restraints to prevent retail discounting and insulate Babies 'R' Us from price competition. (more . . .)
SRKW Announces Important Appellate Victories in AWP Litigation
SRKW was part of the lead Counsel team that has just secured two important rulings from the First Circuit Court of Appeals in the massive Average Wholesale Price ("AWP") litigation (more . . .)
SRKW complimented by judge in the Parmalat case
In the Parmalat litigation the court noted that SRKW and its co-counsel "did a wonderful job here for the class and were in all respects totally professional and totally prepared. I wish I had counsel this good in front of me in every case."
Judge compliments SRKW in approving landmark settlement
In approving the landmark $120 million settlement of the In Re OSB Antitrust Litigation, Judge Diamond of the federal court in Philadelphia stated: "Counsel have represented their clients with consummate skill and efficiency, bringing this massive matter to conclusion in less than three years. Lead class counsel – Jeffrey Corrigan and the other lawyers from Spector Roseman Kodroff & Willis – performed brilliantly in this exceptionally difficult case."
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SRKW is actively investigating claims against banks and mortgage lenders for unfair treatment of homeowners both before and during the foreclosure process
SRKW is investigating claims against Wells Fargo relating to its mortgage default and foreclosure practices, as well as several other banks.
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SRKW negotiates $145 million first-of-its-kind trans-Atlantic securities settlement
SRKW negotiated a $145 million recovery on behalf of a global class of investors in the Converium/Scor action. In an unprecedented move, the case was settled on two continents, in New York and Amsterdam — the first such trans-Atlantic resolution to a securities class action.
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U.S. Parmalat class action reaches $90 million in settlements
SRKW has been among three firms leading the Parmalat action (Europe’s Enron), where we have obtained settlements thus far valued at $90 million, as well as innovative governance reforms.
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SRKW nominated as Class Action Law Firm of the Year
SRKW was nominated in 2007 and 2008 for the prestigious Class Action Law Firm of the Year award by Global Pensions magazine. Nominees are selected by pension funds around the world.
Northern Ireland Local Governmental Officers' Superannuation Committee appointed co-lead plaintiff in Lehman Brothers securities class action
SRKW's client, the Northern Ireland Local Governmental Officers' Superannuation Committee (NILGOSC), was recently appointed as a co-lead plaintiff in the Lehman Brothers Holdings securities class action pending in the Southern District of New York. Partner Robert Roseman noted that NILGOSC's role "shows that European institutional investors, in the appropriate case, are taking an active role in US class actions when they have no other legal recourse in their own country."
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SRKW client part of historic pan-European Royal Dutch Shell settlement
SRKW represented a large European investor in the pan-European settlement of the Royal Dutch Shell action in the Netherlands, where European investors will share in the distribution of $450 million.
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SRKW files derivative action in California court on behalf of Genentech, Inc.
SRKW is seeking to maximize shareholder value by instituting a shareholder derivative suit on behalf of Genentech. This suit alleges that when Roche Holding AG, which owns approximately 56% of Genentech, sought to acquire the remaining shares, it did so at an unfair price — in breach of the fiduciary duties it and Genentech’s directors owed to the company’s shareholders.
SRKW Obtains $120 Million in Settlements from OSB Manufacturers
SRKW has negotiated $120 million in settlements of a major antirust case against nine manufacturers of Oriented Strand Board (OSB), a wood-based building material used in most residential construction. SRKW developed and prosecuted this case against the major manufacturers of OSB, who conspired to fix, raise, maintain and stabilize the prices at which OSB was sold in the U.S. This prosecution has now resulted in $120 million in settlements. (more . . .)