Cohen Milstein Sellers & Toll partner Joel Laitman likens the firm’s work to that of a defibrillator — resuscitating cases on the brink of death. Then it wins multimillion-dollar verdicts for its clients.
That’s precisely what the firm did earlier this year when it reached a $275 million settlement with The Royal Bank of Scotland Group PLC on behalf of the New Jersey Carpenters Health Fund in a six-year mortgage-backed securities class action. The case twice neared collapse — first when the judge initially denied class status and again when only two of the 20 offerings at issue were approved for inclusion in the case. Creative lawyering ultimately found ways around both roadblocks.
