Cases
Representative Matters: Securities: Mr. Richards' securities experience includes: Served as liaison counsel for the lead plaintiff in Koch v. Healthcare Services Group, Inc. (E.D. Pa.), which resulted in a settlement of $16.8 million for a class of investors.
Served as co-counsel for four Pennsylvania government funds in litigation arising from the funds' purchases of AOL
Time Warner securities. The litigation resulted in a $23 million settlement for the funds.
Served as counsel to a government pension fund in In re IndyMac Mortgage Backed Securities Litigation (S.D. NY), which settled for $364 million.
Served as co-lead counsel in the class action matter, In re KLA Tencor Securities Litigation (N.D. Cal.), obtaining a $65 million settlement for the class of securities purchasers.
Litigated claims relating to corporate governance
mergers
acquisitions, as counsel for plaintiffs in Lucas v. Hill, (D. NJ), which involved claims relating to the management of Commerce Bank
TD Bank's acquisition of Commerce.
Antitrust: In the antitrust field, Mr. Richards' experience includes: Served as co-lead counsel for the plaintiffs in the class action matter, In re Pillar Point Partners Patent
Antitrust Litigation, MDL No. 1202 (D. Ariz.), a multidistrict litigation involving antitrust claims asserted against manufacturers of excimer lasers used in vision correction procedures. The litigation resulted in a $50 million settlement on behalf of a class of direct purchasers.
Served as co-lead counsel for the plaintiffs in the class action matter, In re Pressure Sensitive Labelstock Antitrust Litigation, MDL No. 1556 (M.D. Pa.), which resulted in settlements totaling over $46 million for the class in multidistrict litigation involving allegations of market allocation, output restriction,
price fixing.
Served as co-lead counsel
a member of the trial team in an action against the major domestic airlines, see In re Airline Ticket Commission Antitrust Litigation, 898 F. Supp. 685 (D. Minn. 1995), which resulted in an $86 million settlement for travel agency owners
Served as counsel in a class action brought on behalf of direct purchasers of private label tape, alleging monopolization of the tape market in In Meijer, Inc. v. 3M (E.D. Pa.). The litigation resulted in a $28.8 million settlement for the class.
Complex Commercial
Government Litigation: Served as lead counsel for the plaintiffs in a class action brought on behalf of Pennsylvania insurance customers who did not receive a state-m
ated 10% discount for passive anti-theft devices in Boyle v. Progressive Specialty Insurance Company (E.D. Pa.). The litigation resulted in a $2 million settlement for the class.
Served as outside counsel in a municipal procurement investigation, which resulted in the vendor paying a substantial fine.
Represented the co-owner of a general partner in a dispute over the efforts of the other co-owner to force a sale of the single, significant asset of the partnership, defeating an effort by the other co-owner to obtain an injunction to force a sale.
Represented a Montgomery County municipality in a dispute over the development
condemnation of a condominium project, obtaining a substantial trial judgment against the developer
negotiating an agreement with public
private entities to repurpose the project to benefit the community.
Represented a government agency in defending a dispute alleging a de facto condemnation of property
in connection with proceedings to value the property following a de jure condemnation.
Represented a municipal government
obtained dismissal of a class action seeking medical monitoring
damages for alleged injuries.
Represented l
owners in a variety of matters relating to royalty
other disputes under leases for gas drilling rights, including in Bankruptcy Court matters.
Represented the defendant in a claim brought as a class action under the Telephone Consumer Protection Act, which ultimately was resolved on an individual basis.
