A few million dollars here and a hundred million there added up to one very good year for Girard Gibbs. The law firm secured settlements and verdicts totaling nearly $690 million as lead counsel, liaison counsel or a member of plaintiffs executive committees. As lead counsel alone, it recovered about $300 million.
Securities class actions were the big tickets. Girard Gibbs partners, including Daniel Girard and Amanda Steiner, led negotiations that resulted in a $157 million settlement in August 2011 in the U.S. District Court for the Northern District of Texas for investors who purchased Provident and Medical Capital securities from Securities America Inc. The case centered on private-placement investments that soured. About $80 million went to class members and the rest to arbitration plaintiffs, in addition to smaller recoveries for other groups.
