- Class Actions
- Employee Benefits and Retirement Security
- Fiduciary Breach
- Financial Products and Services
- Institutional Investors
|University ||Middlebury College, B.A., American Literature, summa cum laude, with highest departmental honors, 1989 Phi Beta Kappa|
|Law School||University of Washington School of Law, J.D., with honors, 1994|
|Admitted||1994, Washington; 1997, U.S. District Court for the Western District of Washington; 1997, U.S. District Court for the Eastern District of Washington; 1997, U.S. Court of Appeals for the Ninth Circuit; 2002, U.S. District Court for the Eastern District of Michigan; 2004, U.S. District Court for the Northern District of Illinois; 2007, U.S. Court of Appeals for the Second Circuit; 2009, U.S. Court of Appeals for the Eighth Circuit; 2009, U.S. Court of Appeals for the Eleventh Circuit; 2010, U.S. Court of Appeals for the Fourth Circuit; 2012, U.S. Court of Appeals for the Third Circuit|
Professional & Civic Involvement
King County Bar Association, Member
Washington State Bar Association, Member
American Bar Association, Member; Employment Benefits
Committee Member; Labor & Employment Law Section Member
National Employment Lawyers Association, Member
American Civil Liberties Union of Washington, Cooperating counsel
|Born||Long Beach, California, August 26, 1967|
Derek Loeser is a member of Keller Rohrback's nationally recognized Complex Litigation Group and a member of the firm's Executive Committee.He maintains a national practice prosecuting individual and class action securities, Employee Retirement Income Security Act (ERISA), breach of fiduciary duty and investment mismanagement cases.
Derek has been working in plaintiffs' litigation for over twenty years. Through all stages of litigation, including trial, he has helped recover hundreds of millions of dollars for institutions, retirement plans, retirees, and employees. Notable cases include mortgage-backed securities cases on behalf of the Federal Home Loan Banks of Chicago, Indianapolis and Boston, and ERISA class cases representing employees in cases against Enron, WorldCom, Countrywide, and Washington Mutual. Derek regularly serves as lead counsel in large scale fraud and mismanagement cases for both institutional and individual clients. Recent successes include the decision following an eight week bench trial in New York in which the court found that the trustee acted unreasonably or beyond the bounds of reasonable judgment by releasing claims potentially worth billions of dollars without investigating their potential worth or strength.
Before joining Keller Rohrback, Derek served as a law clerk for the Honorable Michael R. Hogan, U.S. District Court for the District of Oregon, and was a trial attorney in the Employment Litigation Section of the Civil Rights Division of the U.S. Department of Justice in Washington, D.C., where he prosecuted individual and class action employment discrimination cases. He is a frequent speaker at national conferences on class actions, ERISA and other litigation topics.
Outside of work, Derek is often outdoors hiking and skiing with his family, and standing in all manner of good and bad weather cheering for his two sons' soccer and other teams.
Honors & Awards
U.S. Department of Justice Honors Program Hire, 1994
U.S. Department of Justice Award for Public Service, 1996
U.S. Department of Justice Achievement Award, 1996
Selected to Rising Stars list in Super Lawyers - Washington, 2005-2007
Selected to Super Lawyers list in Super Lawyers - Washington, 2007-2012, 2014
Recipient of the 2010 Burton Award for Legal Achievement for the article, The Continuing Applicability of Rule 23(b)(1) to ERISA Actions for Breach of Fiduciary Duty, Pension & Benefits Reporter, Bureau of National Affairs, Inc. (Sept. 1, 2009).
Selected Publications & Presentations
Derek W. Loeser, Erin M. Riley & Benjamin B. Gould, 2010 ERISA Employer Stock Cases: The Good, the Bad, and the In Between-Plaintiffs' Perspective, Pension & Benefits Daily, Bureau of National Affairs, Inc. (Jan. 28, 2011).
Speaker, Post-Certification: Motion Issues in Class Actions, Litigating Class Actions, Seattle, WA, 2012.
Speaker, Investment Litigation: Fees & Investments in Defined Contribution Plans, ERISA Litigation, Washington, D.C., 2012.
Credit Default Swap
•Manipulation or Fraud in the Pricing of Commodities
•Municipal Bid Rigging
|Reported Cases||Current Cases Employee Benefits and Retirement Society •AIG II •Bakery & Confectionary Union & Industry Int'l •Principal U.S. Property Account •Regions Financial Corp. •State Street Bank & Trust Co. - Foreign Currency •Stiefel Labs Employee Stock Bonus Plan •Transamerica Life Insurance Company •Weyerhauser Co. Financial Products and Services/Securities •Federal Home Loan Bank PLMBS •Federal Home Loan Bank of Boston •Federal Home Loan Bank of Indianapolis •Federal Home Loan Bank of Chicago: Washington Action •Federal Home Loan Bank of Chicago: Illinois Action •Federal Home Loan Bank of Chicago: California Action •Bank of New York Mellon Settlement •Northern Trust Investments, N.A. Diebold •Diebold •Louisiana Firefighters' Retirement System|
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