DiCello Levitt to Launch Securities Litigation Practice with Addition of Preeminent Securities Litigation Team
Opens first California office as part of the firm’s aggressive growth strategy
SAN DIEGO, March 21, 2023--(BUSINESS WIRE)--Leading national plaintiffs’ law firm, DiCello Levitt, today announced that it will launch a new securities litigation practice and open its first California office as part of its ongoing strategic expansion. The firm will add a group of five leading securities class action and corporate governance lawyers from Robbins Geller Rudman & Dowd LLP, including Patrick Daniels, Roxana Pierce, Henry Rosen, Nathan Bear, and Caroline Robert. Daniels, Rosen, Bear, and Robert will open DiCello Levitt’s San Diego office effective April 1, with the intention of additional near-term growth in the office and practice. Pierce will split her time between the firm’s Washington, DC, and San Diego offices.
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Photo L-R: Patrick Daniels, Caroline Robert, Henry Rosen, Adam Levitt, Roxana Pierce, Nathan Bear, Mark DiCello (Photo: Business Wire)
DiCello Levitt’s expansion is a product of an aggressive growth initiative, consistent with its mandate to only enter a practice area where it has the intent and opportunity to be "best-in-class."
"From the time we founded the firm in 2017, we intended to build a top-tier securities litigation practice capable of delivering justice for clients in the most complex and consequential matters," said Adam Levitt, co-founder of DiCello Levitt. "The level of sophistication in securities matters that this group will bring is extraordinary and will enable us to have an immediate significant impact in the space. It fits perfectly with our commitment to developing each new practice specialty with best-in-class talent, as Patrick, Roxana, Henry, Nate, and Caroline have vast institutional investor reach, outstanding reputations, and a proven track record of maximizing recoveries for their clients. We anticipate expanding this new practice group to meet the demand that this level of quality attracts."
Daniels, a leading and influential securities litigator and recognized as a trusted advisor to political and financial leaders in the United States and around the world, founded Robbins Geller’s San Diego office. He will lead DiCello Levitt’s securities litigation group and be managing partner of the San Diego office.
"From the beginning of our conversations with DiCello Levitt, it was clear to us that the firm was committed to being a premier national player in the securities litigation space, and that aligns with our vision," said Daniels. "Our experience, combined with the firm’s standing as a plaintiffs’ law powerhouse with core strengths in financial services, securities, public client, and high-stakes class action litigation ensure that we will be able to make an immediate impact in the securities litigation space, and we couldn’t be more excited to get started."
Since its founding in 2017 with offices in Chicago and Cleveland, DiCello Levitt has steadily expanded, adding offices in New York, Washington, DC, and Birmingham, Ala., while growing its headcount from 11 on its opening day to more than 65 today. Now the firm will make its first inroads into the California legal market – one of the largest and most important in the country. It has also strategically expanded its practice focus, last year making a splash in the antitrust and competition space by adding a group of eight litigators that immediately positioned it among the nation’s premier antitrust practice groups.
"While we have been active in the California market for years, a physical presence in the state is extremely important to our long-term growth strategy," said DiCello Levitt co-founder, Mark DiCello. "This group of securities litigators represents the ideal entry point for us in the state. They are second to none in experience, pedigree, and their ability to deliver client results in the U.S. and internationally."
New Attorney Bios:
(All join from Robbins Geller)
Patrick W. Daniels, Partner
Patrick is widely recognized as a leading corporate governance and investor advocate. Daily Journal, the leading legal publisher in California, has named him one of the 20 most influential lawyers in California under 40 years of age. Additionally, the Yale School of Management’s Millstein Center for Corporate Governance and Performance awarded Patrick its "Rising Star of Corporate Governance" honor for his outstanding leadership in shareholder advocacy and activism. Patrick is an advisor to political and financial leaders throughout the world. He counsels private and state government pension funds and fund managers in the United States, United Arab Emirates, United Kingdom, the Netherlands, and other countries within the European Union on issues related to corporate fraud in the United States securities markets and "best practices" in the corporate governance of publicly traded companies.
Roxana Pierce, Partner
Roxana is an international lawyer whose practice focuses on protecting investor rights and the rights of victims of consumer fraud, waste, and abuse, including Sovereign Wealth Funds, county pension funds, institutional investors, and state and city governmental entities. She represents her clients with claims for consumer protection, securities, products liability, contracts, and other violations, whether through litigation, arbitration, mediation, or negotiation. She has represented clients in over 82 countries and 20 states, with extensive experience in the Middle East, Europe, and Asia.
Henry Rosen, Partner
Henry is a results‐driven securities fraud class‐action litigator with 31+ years of experience recovering money on behalf of institutional and individual investors. Significant experience prosecuting every aspect of complex litigation and obtained more than $1 billion on behalf of defrauded investors. Prominent cases include: In re Cardinal Health, Inc. Sec. Litig. ($600 million). This $600 million settlement is the largest recovery ever in a securities fraud class action in the Sixth Circuit and remains one of the largest settlements in the history of securities fraud litigation and Jones v. Pfizer Inc. ($400 million). Responsible for all aspects of running large complex litigation, including preparing institutional and individual investors for depositions and court appearances; supervising associates and staff attorneys completing massive document reviews; taking hundreds of depositions; hiring experts and deposing opposing experts; conducting mediations and assisting clients in approving settlements.
Nathan W. Bear, Partner
Nate has been an integral part of litigation teams that have recovered over $1 billion for investors, including In re Cardinal Health, Inc. Sec. Litig. ($600 million) and Jones v. Pfizer Inc. ($400 million). In addition to initiating securities fraud class actions in the United States, he has direct experience in Australian class actions, potential group actions in the United Kingdom, settlements in the European Union under the Wet Collectieve Afwikkeling Massaschade (WCAM), the Dutch Collective Mass Claims Settlement Act, as well as representative actions in Germany utilizing the KapMuG, the Capital Market Investors’ Model Proceeding Act. In January 2020, The Council of Institutional Investors (CII) appointed Bear to its Markets Advisory Council, which advises the CII Board and staff on legal, investment, financial reporting, and other trends. Nate served in that role until February 2023.
Caroline M. Robert, Partner
Caroline has been a part of litigation teams that secured hundreds of millions of dollars in settlements for institutional investors against Wall Street banks for their role in structuring residential mortgage-backed securities and collateralized debt obligations, and their subsequent collapse. She serves as liaison to institutional investor clients abroad, including in securities fraud class actions in the United States and representative actions in Germany utilizing the KapMuG, the Capital Market Investors’ Model Proceeding Act. Caroline is native fluent in French and fluent in Spanish.
About DiCello Levitt
At DiCello Levitt, we’re dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases—whether by trial, settlement, or otherwise—for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens’ rights and interests. Every day, we put our reputations—and our capital—on the line for our clients.
For more, visit our website: dicellolevitt.com
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