Ira Neil Richards

Ira Neil Richards: Attorney with Schnader Harrison Segal & Lewis LLP AV stamp icon
Attorney Awards

Biography

Ira Neil Richards is a partner in the Firm and Chair of the Firm’s Class Action Practice Group.

Mr. Richards practices nationally representing clients in complex litigation matters. He has decades of experience in litigating complex, multiparty class actions for businesses and government agencies on both the plaintiffs’ and defendants’ sides. His class action experience spans a variety of substantive areas, including antitrust, securities, and consumer matters. He also represents clients in matters involving issues of corporate governance disputes, partnership and shareholder disputes, mergers and acquisitions, and securities sales and valuations. In addition, Mr. Richards represents government agencies in matters under state and federal law. As an appellate advocate, Mr. Richards has argued cutting edge issues in federal and state appellate courts.

Other Distinctions

•Pennsylvania “Super Lawyer,” 2004-2016
Philadelphia Business Journal “40 Under 40,” 1999

News & Publications

•2nd Circuit Reinforces Standard of Proof to Rebut Class Certification
•Many Schnader Attorneys Named to Super Lawyers 2016
•Two Recent Opinions Reflect Important Developments in Heightened Ascertainability for Class Certification
•Super Lawyers Recognizes Many Schnader Attorneys in 2015
•Third Circuit Weighs in on Application of Daubert at Class Certification Stage
•American Arbitration Association Panel Distinguishes Third Circuit’s Holding in Opalinski
•Third Circuit Holds That a Court, Not an Arbitrator, Must Decide Whether an Arbitration Agreement Authorizes Class-wide Arbitration
•Affirmative Business Litigation in the United States and in Other Countries
•Super Lawyers Recognizes Many Schnader Attorneys in 2014
•Despite Delay, Failure to Plead, and Participation in Litigation, Federal Court Enforces Arbitration Clause
•Attorneys from Trujillo, Rodriguez & Richards Named Among Top Laterals of 2013
•Trujillo Rodriguez & Richards Named Among Top Laterals in Philadelphia
•Third Circuit Enforces Strict Deadline to Petition for Permission to Appeal Class Certification Ruling
•Third Circuit Remands Marcellus Shale Case Based on the Class Action Fairness Act’s Local Controversy Exception
•Is the United States Supreme Court Poised to Overrule or Modify Basic Inc. v. Levinson? - part 1
•The Seventh Circuit Suggests that Cy Pres Still Has a Place in Class Actions When Potential Individual Awards Seem Too Small to Justify Class Treatment
•The Enhanced Scrutiny of Class Definitions Under the Ascertainability Requirement: An Additional Hurdle for Plaintiffs or an Increased Burden for Defendants?
•The Enhanced Scrutiny of Class Definitions Under the Ascertainability Requirement: An Additional Hurdle for Plaintiffs or an Increased Burden for Defendants?
•Attorneys from Trujillo Rodriguez & Richards Join Schnader Harrison Segal & Lewis

Community & Pro Bono

•Mr. Richards is actively involved in the community, having served on a variety of boards of organizations devoted to the needs of underserved communities. He presently serves as Chair of the Board of Pathways to Housing PA, which uses a “housing first” model to combat homelessness.
•Mr. Richards is also active in politics and chairs the firm’s Political Action Committee. He is also a certified yoga teacher.

Related Events

•Ira Richards Discussed Mindfulness in Law at Villanova Law School
•Ira Neil Richards Presented about Mindfulness in Law
•Ira Richards Discussed “Defining or Challenging Class Membership: Evaluating Ascertainability, Overbreadth and Failsafe Class Issues”
•Ira Neil Richards Spoke at HarrisMartin’s Antitrust Pay-for-Delay Litigation Conference
•Ira Richards Spoke at the 22nd National Conference on Consumer Finance Class Actions & Litigation
•Anne Kane and Ira Richards Presented “Protecting the Privacy of Your Employees and Customers”

Areas of Practice (7)

  • Antitrust and Trade Regulation
  • Appellate Practice
  • Class Action
  • Government and Regulatory Affairs
  • Litigation Services
  • Securities Litigation
  • Financial Services Litigation

Education & Credentials

Contact Information:
University Attended:
Cornell University, B.S., Industrial and Labor Relations, 1983
Law School Attended:
University of Pennsylvania Law School, J.D., magna cum laude, 1986
Year of First Admission:
1987
Admission:
U.S. Court of Appeals for the Eighth Circuit; U.S. District Court for the Eastern District of Pennsylvania; U.S. District Court for the Middle District of Pennsylvania; U.S. Court of Appeals for the Third Circuit; 1987, New York; 1987, Pennsylvania; U.S. District Court for the Southern District of New York; U.S. Court of Appeals for the Second Circuit; U.S. Supreme Court; U.S. District Court for the District of Nebraska
Birth Information:
1961
Reported Cases:
Representative Matters: Securities: Mr. Richards' securities experience includes: Served as co-counsel for four Pennsylvania government funds in litigation arising from the funds' purchases of AOL and Time Warner securities. The litigation resulted in a $23 million settlement for the funds.; 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 and mergers and acquisitions, including a key role as counsel for plaintiffs in Lucas v. Hill , (D. NJ), which involved claims relating to the management of Commerce Bank and 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 and 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, and price fixing.; Served as co-lead counsel and 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 and Government Litigation: 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 and condemnation of a condominium project, obtaining a substantial trial judgment against the developer and negotiating an agreement with public and 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 and in connection with proceedings to value the property following a de jure condemnation.; Represented a municipal government and obtained dismissal of a class action seeking medical monitoring and damages for alleged injuries.
ISLN:
902164589

Peer Reviews

5.0/5.0
A Martindale-Hubbell Peer Rating reflects a combination of achieving a Very High General Ethical Standards rating and a Legal Ability numerical rating.

*Peer Reviews provided before April 15, 2008 are not displayed.

Documents (5)

Documents by this lawyer on Martindale.com

Philadelphia, Pennsylvania

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