The American Lawyer Names BR&B to the "Bad-Ass" Honor Roll of Securities Litigation Firms
1/26/2017 - Barrack, Rodos & Bacine received a “shout out” from The American Lawyer as a “bad-ass” securities litigation firm for trying class action cases against Apollo Group and against WorldCom’s auditor, Arthur Andersen. The American Lawyer Litigation Daily said: "The firm was lead counsel in a suit against Apollo Group Inc., which operates the for-profit University of Phoenix. The case went to trial in November 2007. The jury awarded the plaintiffs damages of up to $5.55 for each share of common stock [the full amount sought at trial] …. The award was thrown out on post-trial motions, reinstated by the U.S. Court of Appeals for the Ninth Circuit, and ultimately settled for $145 million in 2011. The firm also settled a monster suit against WorldCom before verdict in 2005, with more than $6 billion in recoveries." The firm is recognized by defense firms as a serious litigation threat because of its success trying securities class action claims on behalf of institutional investors.