September 5, 2024
The New York Law Journal honored the best and brightest in New York’s legal community at the Law Journal’s Professional Excellence Awards event held on Thursday, Sept. 5, at Chelsea Piers in Manhattan.
Laura Posner, a partner in our Securities Litigation & Investor Protection practice, was awarded Attorney of the Year for her leadership role in In re Wells Fargo & Company Securities Litigation (S.D.N.Y.), a securities fraud class action brought on behalf of the Public Employees’ Retirement System of Mississippi and the Employees Retirement System of Rhode Island and other investors nationwide. The historic settlement of $1 billion, granted on September 8, 2023, was the largest securities class action settlement in 2023, the sixth largest in the last decade, the ninth largest ever in the Second Circuit, and the 17th largest ever. It is also the largest settlement ever without a restatement or related actions by the Securities Exchange Commission or U.S. Department of Justice.
Laura has also been instrumental in successfully resolving for hundreds of millions of dollars and sweeping governance changes, groundbreaking derivative actions arising out of allegations of sexual misconduct and race discrimination, including obtaining the first ever, and to date only, demand futility decision in such a case. She is currently litigating a number of cases involving allegations of market manipulation and against Big 4 auditor, Deloitte, for its alleged failures in connection with SCANA’s construction of a nuclear plant in South Carolina – the largest fraud in that state’s history.
Read Laura Posner Wins New York Law Journal’s 2024 Attorney of the Year.