Robert M. Roseman
- Robert M. Roseman
- Philadelphia, Pennsylvania
- Partner
- phone (215) 496-0300
- fax (215) 496-6611
- email Email Me
Robert M. Roseman, partner, chairs the Firm's international and domestic securities practice. Mr. Roseman focuses his practice on investor protection issues, including the enforcement of the federal securities laws and state laws governing officers' and directors' fiduciary duties.In that role, he works with European and domestic institutional investors on investor protection and corporate governance matters.
He currently acts as co-lead counsel in the In re Parmalat Securities Litigation (S.D.N.Y.), the largest fraud in European corporate history that is frequently referred to as Europe's Enron. Mr. Roseman represents Italian, French and Belgian institutions in that action.He also represented Brussels-based KBC Asset Management in In re Royal Dutch/Shell Securities Litigation; Brussels-based Fortis Investments in In re Chicago Bridge and Iron Securities Litigation; and Athens-based Avalon Holdings in In re SCOR Holding Securities Litigation.
Among other notable cases, Mr. Roseman was one of the lead counsel in the SCOR Holding Securities Litigation which settled for $145 million. This settlement is historic as it is the first global resolution of a U.S. securities class action in different jurisdictions. A portion of the action was resolved in New York and a portion in Amsterdam. Mr. Roseman also litigated against the directors of Archer Daniels Midland Company in which the corporation agreed to implement state of the art corporate governance measures designed to strengthen the independence of the board of directors.Mr. Roseman also litigated against the directors of Abbott Laboratories and settled the case for numerous corporate governance changes governing the way in which the board of directors addresses regulatory matters.The Seventh Circuit's landmark decision in this case was named second among the top ten securities law decisions of 2003 by the American Bar Association's Securities Litigation Journal.
Mr. Roseman has written extensively on securities and investor protection issues, including Global Markets, Global Fraud: What We Can Learn from Europe's Enron', Investment and Pensions Europe (May 2006 supp.); Cost-Effective Monitoring of Corporate Fraud: Reducing the Time Necessary to Stay Informed, Investment and Pensions Europe (June 2006 supp.); and A Trans-Atlantic Trend, Professional Investor (May 2005).He also appeared in a roundtable discussion in Global Pensions (October 2006 supp.).
Mr. Roseman has been a frequent speaker at international conferences on institutional investor protection through the use of U.S. securities laws.In addition to numerous addresses in the United States, Mr. Roseman appeared as an invited speaker at institutional investor conferences held in London and Paris in January 2003, the Annual Conference of the International Corporate Governance Network in Amsterdam in 2004, as well as similar conferences in Munich, Milan, Barcelona, Brussels, Paris and Dublin in 2005-2006.
Mr. Roseman obtained his J.D. in 1982 from Temple University School of Law and earned his B.S. cum laude in political science from the State University of New York in 1978. He is admitted to practice in Pennsylvania and New York, as well as the United States District Courts for the Eastern District of Pennsylvania and Central District of Illinois, the U.S. Courts of Appeals for the Third and Seventh Circuits; and United States Supreme Court. He is a member of the Philadelphia, Pennsylvania, New York State and Federal Bar Associations.
- Areas of Practice:
- Complex Securities
- Shareholder Litigation
- Antitrust Litigation
- Bar Admissions:
- Pennsylvania, 1983
- New York, 1989
- U.S. Supreme Court
- U.S. Court of Appeals 3rd Circuit, 1983
- U.S. Court of Appeals 7th Circuit
- U.S. District Court Eastern District of Pennsylvania, 1983
- U.S. District Court Central District of Illinois
- U.S. Federal Courts, 1983
- Education:
- Temple University School of Law, Philadelphia, Pennsylvania, 1982
J.D. - State University of New York, Brockport, New York, 1978
B.S.
Honors: Cum Laude
Major: Political Science
- Representative Cases:
- In re Parmalat Securities Litigation, No. 04 Civ. 0300 (LAK) (S.D.N.Y.)
- In re SCOR Holding (Switzerland) AG Litigation, 04-CIV-7897 (DLC) (S.D.N.Y.)
- Welman v. Chicago Bridge & Iron Co., N.V. No. 06 Civ. 01283 (JES) (S.D.N.Y.)
- In re Alltel Corp. Shareholder Litigation, CA No. 2975-CC (Del. Ct. Ch.)
- In re PSINet, Inc. Securities Litigation, Civ. No. 00-1850-A (E.D. Va)
- O'Brien v. Ashcroft (Tyco Corp. Derivative Litigation), No. 03-E-0005 (N.H. Super. Ct)
- Brudno v. Wise (El Paso Corp. Derivative Action), C. A. No. 19953NC (New Castle Cty., Del Ch.))
- In re Xcel Energy, Inc. Securities Derivative & “ERISA” Litigation, MDL No. 1511 (D. Minn.)
- In re Conner Peripherals, Inc. Securities Litigation, Master File No. C-93-20367-JW-(EAI) (N.D. Cal. 1993)
- Felzen v. Andreas (Archer Daniels Midland Co. Derivative Litigation), C.A. No. 95-2279 (C.D. Ill.)
- Classes/Seminars Taught:
- Lectured Extensively Throughout Europe on the Role of Private Litigation in Enforcing U.S. Securities Laws
- Professional Associations and Memberships:
- Philadelphia Bar Association
Member - Pennsylvania Bar Association, 1983 – Present
Member, Civil Judicial Procedures Committee - New York State Bar Association
- Federal Bar Association
- American Bar Association
Member - Council of Institutional Investors
- Corporate Governance Network