Case Results

Case Results

LOS ANGELES COUNTY RETIREMENT ASSOCIATION

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.

IN RE: FLOWSERVE SECURITIES LITIGATION, (NORTHERN DISTRICT OF TEXAS)

Mr. Lawrence was 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 settled after extensive discovery and the Fifth Circuit reversed the lower court’s denial of plaintiffs motion for class certification and its grant of summary judgment ruling in favor of 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 investors losses in this securities class action.

COUNTY OF SANTA CLARA V. ASTRAZENECA, ET. AL (NORTHERN DISTRICT OF CALIFORNIA, NINTH CIRCUIT COURT OF APPEALS AND UNITED STATES SUPREEME COURT)

Mr. Lawrence served as lead counsel in a proposed class action, representing county run health care facilities in action against 10 major drug manufacturers - AstraZeneca, Pfizer; Bristol Myers Squibb; GlaxoSmithKline; Aventis; TAP; Merck (Schering Plough); Bayer; ZLB Behring; seeking to recover damages for improperly overcharging 340B entities for drugs; litigated the case through three appeals and obtained more pricing information relating to internal determination and calculation of best price (BP) and average manufacturer price (AMP) than ever obtained in any comparable action.

UNITED STATES OF AMERICA EX REL. TODARELLO V. BEVERLEY ENTERPRISES (NORTHERN DISTRICT OF CALIFORNIA)

Mr. Lawrence served as co-counsel to the relator in a False Claims Act case which alleged that Beverley Enterprises defrauded Medicare by fabricating records to make it appear that nurses were devoting much more time to Medicare patients than they actually were. The United States joined in the case and Beverly Enterprises Inc., the nation's largest operator of nursing homes, agreed to pay $170 million to settle the claims. The whistleblower/relator received an award of nearly $30 million- over 17% of the settlement.

IN RE: TOUCHAMERICA SECURITIES LITIGATION, (DISTRICT OF MONTANA)

Mr. Lawrence was lead counsel in this securities class action. Through extensive negotiation Mr. Lawrence was able to recover $19 million from insurance companies as part of a global settlement, after Touch America f/k/a/ Montana Power had gone into bankruptcy.