Mutual Fund Litigation
The lawyers in Milbank’s Securities Litigation Practice Group have unrivaled experience in mutual fund class action and derivative litigation. We have handled — and tried — more 1940 Act cases than any law firm in the country, including most of the seminal cases. We have convinced plaintiffs in over 20 cases to dismiss their complaints voluntarily and without settlement recovery or payment of fees. The most recent of these “walkaways” was Baker v. American Century Investments, an excessive fee case in which plaintiffs agreed to dismiss the action with no settlement recovery or payment of attorney fees — just one week before trial was to begin. Our lawyers have a record of success in trying cases and have also won numerous federal appeals involving claims under the 1940 Act. We have experience dealing with many different types of mutual funds, as well as other types of investment products, involving a wide variety of different types of claims, including:
We have over 50 attorneys in our securities litigation practice group and are currently handling more than a dozen securities class actions and derivative suits. The lawyers in our group speak and publish widely on securities and class action litigation. Above all, we have a proven track record in providing our clients with the kind of cutting-edge advice and service that wins cases.
Partners
Benedict, James N.
Murphy, Sean M.
Arena, Thomas A.
Canellos, George S.
Edelman, Scott A.
Gelfand, David R.
Rappaport, Stacey J.
Tomback, Andrew E.