With more than 30 years' experience in the area of complex litigation, Joel H. Bernstein concentrates his practice in the protection of investors who have been victimized by securities fraud and breach of fiduciary duty. His expertise in the area of shareholder litigation has resulted in the recovery of more than a billion dollars in damages to wronged investors. Mr. Bernstein advises numerous large public pension funds, hedge funds, other institutional investors and individual investors with respect to securities litigation in the federal and state courts as well as in arbitration proceedings before the New York Stock Exchange, the National Association of Securities Dealers and other self-regulatory organizations. Most recently, on behalf of the New York State Common Retirement Fund and the New York City Pension Funds as lead plaintiffs, Mr. Bernstein secured a $624 million settlement in In re Countrywide Corporation Securities Litigation. This recovery is one of the largest securities fraud settlements in U.S. history, and is currently the largest settlement of a securities fraud case emanating from the financial crisis of 2007-2008. Mr. Bernstein has played a central role in numerous high profile cases, including In re Paine Webber Incorporated Limited Partnerships Litigation, $200 million settlement; In re Prudential Securities Incorporated Limited Partnerships Litigation, $130 million settlement; In re Prudential Bache Energy Income Partnerships Securities Litigation, $91 million settlement; Shea v. New York Life Insurance Company, $92 million settlement; and, Saunders et al. v. Gardner, $10 million -- then the largest punitive damage award in the history of the NASD. In addition, Mr. Bernstein was instrumental in securing a $117.5 million settlement in In re Mercury Interactive Securities Litigation, one of the largest settlements in a securities fraud litigation based upon options backdating. A leading figure in his area of practice, Mr. Bernstein is frequently sought out by the press to comment on securities law and also has authored numerous articles on related issues, including "Stand Up to Your Stockbroker, Your Rights As An Investor." He is a member of the American Bar Association and the New York County Lawyers' Association. Mr. Bernstein has received a rating of AV from the publishers of the Martindale-Hubbell directory. Noteworthy 2011 Benchmark Plaintiff Litigator of the Week-Labaton Sucharow's Joel Bernstein Loss Causation and the Global Economic Crisis Ongoing Cases Arkansas Teacher Retirement System v. State Street Corp. City of Pontiac General Employees' Retirement System v. Stryker Corporation In re Regions Morgan Keegan Closed-End Fund Litigation In re Massey Energy Co. Securities Litigation In re Adelphia Communications Corporation Securities Litigation Settled Cases In re Countrywide Financial Corporation Securities Litigation In re Mercury Interactive Securities Litigation |