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IN RE: GILEAD TENOFOVIR CASES, JCCP No. 5043 (SF Superior Court)
The Lawrence Law Firm is on the executive committee in this California state court coordinated proceeding involving over 24,000 plaintiffs' who suffered kidney and bone injuries caused by Gilead’s HIV medications containing tenofovir disoproxil fumarate (TDF). Plaintiffs allege that Gilead knew that tenofovir caused such injuries and had developed a compound, tenofovir alafenamide fumarate (TAF) that used 1/10 the amount of tenofovir and was therefore safer. Rather than continuing to bring it to market, Gilead decided to pause TAF’s development for nearly ten years once it realized that that doing so would result in billions of dollars in additional profits- all at the expense of patients taking more tenofovir than necessary. The case is before the Honorable Andrew Y.S. Cheng in the complex case division of the San Francisco Superior Court.
IN RE: Credit Default Swaps Antitrust Litigation, No. 13 MD 2476 (DLC)
Mr. Lawrence was co-counsel to the Los Angeles County Retirement Association, which was appointed to lead this multi-district class action. The case involved twelve of the largest banks in the world and arose from their agreement to artificially inflate and charge higher transaction costs for credit default swaps in a $66 trillion market. In April 2016, after three years of litigation, the case settled for $1,860,000,000, one of the largest antitrust settlements in U.S. history.
MAOR v. DOLLAR THRIFTY AUTOMOTIVE GROUP, ET. AL, Civ. No. 15-22959-JEM (Southern District of Florida)
The Lawrence Law firm co-lead counsel in a putative class action against Dollar Thrifty for its practice of charging a $15 fee for each toll incurred through an electronic toll charge. The case was brought under the Florida Deceptive and Unfair Trade Practices Act and for breach of contract.
IN RE: FLOWSERVE SECURITIES LITIGATION, (NORTHERN DISTRICT OF TEXAS)
Mr. Lawrence was the lead counsel in which this securities class action in the plaintiff class recovered $55 million. The case alleged that Flowserve and its top executives falsified the company's business and financial results. The case was settled after extensive discovery, and the Fifth Circuit reversed the lower court's denial of the plaintiff's motion for class certification and its grant of summary judgment ruling in favor of the defendant.
IN RE: QUOVADX SECURITIES LITIGATION, (DISTRICT OF COLORADO)
After extensive motion practice and efficient discovery, Mr. Lawrence, as lead counsel, was able to obtain a settlement that recovered 78% of the investor's losses in this securities class action.
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