For Labaton Sucharow, the 2007 subprime mortgage crisis produced a gem. The business litigation firm, with co-counsel from Berman DeValerio, won a $275 million settlement in June for former Bear Stearns Cos. Inc. shareholders headed by the State of Michigan Retirement Systems. The investors alleged that Bear Stearns had misrepresented its financial woes in the year before JPMorgan Chase & Co. bought the firm.
Michael Stocker, one of the Labaton partners on the Bear Stearns case, described it as the “crown jewel” of litigation stemming from the credit crisis. But it wasn’t easy work for Stocker and partners Thomas Dubbs and James Johnson, all based in New York.
