Complex Commercial Litigation
Cohn Lifland Pearlman Herrmann & Knopf represents businesses, financial institutions, private and public pension funds, and private individuals in a broad range of complex and sophisticated commercial litigation, individually as well as on a class, derivative or qui tam basis. These matters include securities fraud, shareholder oppression, fiduciary and investment claims, antitrust and product liability, among others. We are experienced trial counsel, regularly appearing on behalf of clients in state and federal courts and in mediations or arbitrations before the Financial Industry Regulatory Authority (FINRA), the American Arbitration Association and other alternate dispute resolution venues.
In addition to those matters we handle ourselves, we are called upon frequently by some of the most prestigious law firms in the United States to assist them with their complex litigation in both State and Federal courts in New Jersey. We initiate our representation in each matter with a thorough examination of the issues involved and work with our clients and counsel to develop a strategy that best meets their legal and business objectives to achieve favorable results in the most cost-effective manner, consistent with proper representation.
Cohn Lifland has been involved in numerous leading cases that have established important precedents both statewide and nationwide. Cases in which we have participated have recovered billions of dollars for our clients.
Cohn Lifland represents clients, individually and in class actions, who have suffered losses due to negligence, fraud or breach of fiduciary duty of their investment advisors. We are experienced in both arbitration and litigation and have successfully represented clients in state and federal courts and in arbitrations before FINRA and the American Arbitration Association.
There are a variety of consumer protection laws in place at both the federal and state levels to protect consumers from fraud or other improper conduct in connection with the sale of goods or services. Consumer protection law, or consumer law, regulates the relationships between individual consumers and the businesses that design, manufacture, sell or distribute goods and services. These laws deal with bankruptcy, credit issues, product safety, service contracts and more. Protected areas often include those areas related to safety and public health issues.
In New Jersey, the Consumer Fraud Act regulates many industries including home improvement contractors and home furniture salesmen. Cohn Lifland’s Consumer Protection group has successfully litigated both individual claims and class actions in a variety of matters dealing with product liability, privacy rights, unfair business practices, fraud and misrepresentation, among others.
Cohn Lifland’s Results
Success in investment and securities fraud
In re Merck & Co. Sec., Derivative & ERISA Litig., 493 F.3d 393 (3d Cir. 2007) (the use of acquired information obtained through discovery which may be utilized to establish demand futility in shareholder derivative litigation)
In re AT&T Securities Litigation, 455 F.3d 160 (3d Cir. 2006) ($100 million settlement for the benefit of the class)
In re Cendant Corp. Litigation, 243 F. Supp. 2d 166 (D.N.J. 2003)
In re Honeywell International Securities Litigation, 211 F.R.D. 255 (D.N.J. 2002) ($100 million settlement obtained for the benefit of the class)
In re: PSE&G Shareholder Litigation, 173 N.J. 258 (2002) (the Supreme Court adopted new liberalized pleading standards for plaintiffs in shareholder derivative litigation, rejecting the more rigid Delaware standards)
In re: Honeywell International Securities Litigation, 182 F. Supp. 2d 414 (D.N.J. 2002)
In re America Online, Inc., 168 F. Supp. 2d 1359 (S.D. Fla. 2001)
California Public Employees Retirement System v. Chubb Corp., 127 F. Supp. 2d 572 (D.N.J. 2001)
In re: Nice Systems Securities Litigation, 188 F.R.D. 206 (D.N.J. 1999)
Burger-Fischer v. DeGussa AG, 65 F. Supp. 2d 248 (D.N.J. 1999)
In re: Milestone Scientific Securities Litigation, 183 F.R.D. 404 (D.N.J. 1998), also 187 F.R.D. 165 (D.N.J. 1999), also 103 F. Supp. 2d 425 (D.N.J. 2000)
In re: Cendent Corporation Securities Litigation, 182 F.R.D. 144 (D.N.J. 1998)
Weikel v. Tower Semiconductor, Ltd., 183 F.R.D. 377 (D.N.J. 1998) ($16.25 million settlement achieved for the benefit of the class)
In re: Mobilemedia Securities Litigation, 28 F. Supp. 2d 901 (D.N.J. 1998)
In Re: PSE&G Shareholder Litigation, 315 N.J. Super. 323 (Ch. Div. 1998)
In Re: General Public Utilities Corporation Securities Litigation, Fed. Sec. L. Rep. (CCH) 1983-1984 Transfer Binder, 99,566 (D.N.J. 1983) ($24.5 million settlement achieved for the benefit of the class)
Abramowitz v. Posner, 672 F.2d 1025 (2d Cir. 1982), also 513 F. Supp. 120 (S.D.N.Y. 1981) (setting standards for shareholders derivative litigation in the Second Circuit)
In re: General Tire & Rubber Co. Securities Litigation, 429 F. Supp. 1032 (J.P.M.L. 1977)
Success in consumer protection
In re Diet Drugs Litigation, we succeeded in obtaining certification of a class for medical monitoring for heart valve damage on behalf of individuals who ingested the drug phentermine/fenfluramine (phen/fen) and obtained over $1 billion in compensation to fund that monitoring program
U.S. ex rel. Quinn v. Omnicare Inc., 382 F.3d 432 (3d Cir. 2004) the Third Circuit established standards for qui tam litigation wherein we were successful in establishing the rule that pharmaceutical suppliers to long-term care facilities in New Jersey have no obligation to reimburse Medicaid for returned medications, even if those medications later were resold by those suppliers.
Contact Cohn Lifland
Cohn Lifland is a legal resource to New Jersey and law firms across the country that need to litigate complex commercial litigation matters in New Jersey courts. Commercial litigation encompasses a myriad of legal matters, including securities fraud, antitrust, product liability, class actions, qui tam, shareholder oppression and derivative litigation, as well as fiduciary claims, investment, brokerage and other commercial disputes. We pride ourselves on the thorough work we offer clients and the successes we celebrate that offer us the reputation we enjoy today. If you need our legal services, contact Cohn Lifland today.