Stephen R. Basser, Partner
San Diego, CA

e: sbasser@barrack.com
p: (619) 230-0800
f: (619) 230-1874

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Attorneys & Professionals

Stephen R. Basser

Stephen R. Basser, Partner
San Diego, CA

e: sbasser@barrack.com
p: (619) 230-0800
f: (619) 230-1874

Download vCard

Stephen R. Basser, a partner in Barrack Rodos & Bacine’s San Diego office, joined the firm in 1994. After graduating law school, Mr. Basser embarked upon a career as a trial lawyer, initially specializing in aviation, product liability and medical malpractice litigation with a major Philadelphia firm and later, a small nationally prominent firm in Philadelphia specializing in high profile, complex civil matters. Since 1985, he has concentrated on the prosecution of complex civil litigation matters, especially those involving corporate fraud, corruption and the violation of securities and antitrust laws. Mr. Basser’s extensive experience prosecuting securities class actions and derivative shareholder actions at BR&B includes actions against Pfizer, Inc., Procyte Corp., Wall Data Corp., Louisiana-Pacific Corp., Samsonite Corp., TriTeal Corp., Sybase, Inc., Silicon Graphics, Inc., Orthologic Corp., Adobe, PeopleSoft, Inc., Safeskin Corp., Bridgestone Corp., Harmonic, Inc., 3Com Corp., Dignity Partners, Inc., Daou, Simulation Sciences, Inc., and Informix Corporation.

Mr. Basser served as the lead trial attorney in In re Apollo Group Inc. Securities Litigation, Master File No. CV-04-2147 PHX-JAT, before the Honorable James A. Teilborg of the United States District Court for the District of Arizona. The 2 month federal jury trial of the Apollo case, the first time the issue of loss causation was tried to a jury, ended in a unanimous verdict for investors in January 2008. On June 23, 2010, the U.S. Circuit Court of Appeals for the 9th Circuit reversed a post-trial ruling in defendants' favor, and reinstated the unanimous jury verdict, which defendants had stated during trial would equate to a $280 million recovery for the plaintiff class.

He served as co-lead counsel for lead plaintiff the The New York State Common Retirement Fund in In re McKesson HBOC, Inc. Securities Litigation, Master File No. CV-99-20743 RMW, which settled for a total of $1.052 billion from all defendants, the largest recovery in a securities class action in the Northern District of California.He has also represented lead plaintiff the Florida State Board of Administration in In re Applied Micro Circuits Corp. Securities Litigation, Lead Case No. 01-cv-0649-K (AJB), which settled for $60 million, one of the largest recoveries in a securities class action in the Southern District of California since passage of the PSLRA.

Mr. Basser was the lead attorney in In re Chiron Corp Shareholder Litigation, Case No. RG04180801, before the Honorable Ronald M. Sabraw in the California Superior Court for Alameda County, in which an outstanding result was achieved for the shareholder class, securing a settlement valued in excess of $800 million. He has also has prosecuted, as a lead counsel, derivative shareholder actions on behalf of and for the benefit of nominal corporate entities such as Pfizer, Apple, Nvidia and Quest, achieving significant corporate governance therapeutics on behalf of those entities.

Mr. Basser also vigorously pursued the rights of the elderly, serving as a co-lead counsel in actions against insurance companies that target senior citizens in the sale of deferred equity-indexed annuities.  He was the Firm's lead attorney in a series of "senior" annuity cases, in which the Firm, as a co-lead and participating plaintiffs' counsel, achieved settlements with a collective value in excess of $500 million.

In August 2008, Mr. Basser participated as a panelist with former Vice President Dan Quayle at a symposium on economic and securities issues hosted by the Pennsylvania State Employees Retirement System.  He has given talks about securities-related litigation and shareholder issues in the wake of the global economic crisis of 2008 at the 2010 Winter and Summer Conventions of the American Association of Justice and has participated as a guest panelist on securities litigation at the “Annual Symposium on Developments in Securities and Corporate Litigation” in Palo Alto, CA in February 2010.  Mr. Basser also spoke about securities litigation at the Federal Judicial Center's Workshop for Judges of the Ninth Circuit in February 2011.  And in October 2013, he participated in the Vanderbilt Law School symposium entitled “Battle in the Valley of the Sun: Strategy Tactics and Honor in Litigation,” speaking about his experiences trying a complex class action.

Mr. Basser has been selected as a California "Super Lawyer" in the field of Securities Litigation and was named one of LAWDRAGON's "100 Attorneys You Need to Know in Securities Litigation."

Education:
  • Temple University School of Law, Philadelphia, PA (J.D. cum laude 1976)
  • American University, Washington, D.C. (B.A. with honors 1973)
Admissions:
  • Pennsylvania, 1976
  • California, 1985
  • United States Court of Appeals, Sixth Circuit
  • United States Court of Appeals, Ninth Circuit
  • United States District Court for the Southern District of California
  • United States District Court for the Central District of California
  • United States District Court for the Northern District of California
  • United States District Court for the District of Colorado
  • United States District Court for the Eastern District of Pennsylvania
  • United States District Court for the Northern District of Texas
Publications: