BR&B Named to National Law Journal Plaintiffs’ Hot List

10/2/2012 - Barrack, Rodos & Bacine has been named to The National Law Journal’s Plaintiffs’ Hot List for 2012. The NLJ singled out BR&B’s successful trial against Apollo Group, Inc., noting that “the deal required tenacity and a trip to an appeals court.” As we have reported elsewhere, after a Phoenix federal jury in 2008 ruled in favor of the plaintiffs, awarding damages of up to $5.55 per share, the trial judge dismissed the verdict. The U.S. Court of Appeals for the Ninth Circuit, however, reinstated the jury verdict in 2010 and the U.S. Supreme Court denied defendants’ petition for certiorari in March 2011. In August 2011, Apollo agreed to pay $145 million to resolve issues relating to the distribution of the award. The court approved the resolution in April 2012. Leonard Barrack, BR&B’s senior founding partner, acknowledged that the Apollo case was long and arduous, but credited the Firm’s success to having senior, experienced lawyers: "We do quality work," he said. "We have had great results."

The Hot List is compiled annually by the NLJ to take “the pulse of the plaintiffs bar by examining its most successful practices.” After asking its readers to nominate firms in the United States that have done exemplary, cutting-edge work on the plaintiffs’ side, the NLJ looked for firms that scored at least one significant plaintiffs’ win between June 30, 2011, and July 1, 2012, and that possessed an impressive track record of wins within the past three to five years.