After more than eight years of litigation, a Sullivan & Cromwell team led by partners Michael Tomaino and Thomas White prevailed on behalf of Barclays Bank, winning summary judgment in a massive securities class action.

The suit stemmed from Barclays’ $2.5 billion offering of Series 5 American Depositary Shares in 2008. The shares initially sold for $25 apiece, but declined to a class-period low of $4.95 on March 9, 2009