Litigation Overview

Wolf Haldenstein is one of the most prominent class action firms in the United States. Our Class Action Litigation Group has been recognized by courts throughout the country as “exemplary” and experienced in securities, consumer, ERISA and antitrust class actions and shareholder rights litigation.  One special thing about Wolf Haldenstein is that the attorneys from other areas of the firm’s practice lend their expertise to the Firm’s class action litigators. The support of expert practitioners in such varied areas of the law greatly enhances the strength and efficiency of the Firm’s representative litigation practice, and makes Wolf Haldenstein unique among national firms specializing in class action litigation. In addition to numerous securities fraud and other investor class actions, Wolf Haldenstein has represented classes of corn farmers in connection with the devaluation of their crops; contact lens purchasers for manufacturers’ violations of the antitrust laws; merchants compelled to accept certain types of debit cards; insurance policyholders for insurance companies’ deceptive sales practices; victims of unlawful strip searches under the civil rights laws; and various cases involving violations of internet users’ on-line privacy rights.

Wolf Haldenstein’s performance in representative litigation has repeatedly resulted in favorable results for its clients. The Firm has helped recover almost seven billion dollars on behalf of its clients. Recent examples include the following:

· In re Genetically Modified Rice Litigation, MDL 1811 (E.D. Mo.) – Wolf Haldenstein represented U.S. rice farmers in this landmark action against Bayer A.G. and its global affiliates, achieving a global recovery of $750 million. The case arose from the contamination of the nation’s long grain rice crop by Bayer’s experimental and unapproved genetically modified Liberty Link rice.

· Roberts v. Tishman Speyer, 13 N.Y.3d 270 (N.Y. 2009) – a class action brought on behalf of over 27,500 current and former tenants of New York City’s iconic Stuyvesant Town and Peter Cooper Village housing complexes. On April 9, 2013, Justice Richard B. Lowe III of the New York Supreme Court finally approved settlement of the action, which totals over $173 million, sets aside $68.75 million in damages, re-regulates the apartments at issue, and sets preferential rents for the units that will save tenants significant monies in the future. The settlement also enables the tenants to retain an estimated $105 million in rent savings they enjoyed between 2009 and 2012. The settlement is by many magnitudes the largest tenant settlement in United States history.

· In re Empire State Realty Trust, Inc. Investor Litig., Index No. 650607/2012 – The firm served as Chair of the Executive Committee of Co-Lead Counsel for the Plaintiffs in a class action settlement finally approved on May 2, 2013 that provides for the establishment of a $55 million settlement fund for investors, in addition to substantial tax deferral benefits estimated to be in excess of $100 million.

· American International Group Consolidated Derivative Litigation, Civil Action No. 769-VCS (Del. Ch.) The Firm acted as co-lead counsel and the settlement addressed claims alleging that the D&O Defendants breached their fiduciary duties to the Company and otherwise committed wrongdoing to the detriment of AIG in connection with various allegedly fraudulent schemes during the 1999-2005 time period.