Munger, Tolles & Olson’s Class Action group has been named a Practice Group of the Year by Law360. It is one of five firms recognized in the Class Action category.
“We try to approach every case from a fresh perspective,” Munger Tolles litigator Gregory P. Stone told Law360. “We don’t try to go in and say ‘we’ve done it this way in the past so we can do it the same way again.”
In its profile, Law360 recognized the firm’s success in securing a noteworthy win for Bank of America and Wells Fargo Investments when the U.S. Court of Appeals for the Ninth Circuit affirmed dismissal of four class action suits accusing the banks of practicing improper employee trading policy; winning a defense verdict for Philip Morris USA in a class action seeking up to $1 billion in damages for allegedly violating California law in its marketing of Marlboro Lights; and obtaining a victory for Bank of America in a class action by investors who alleged the bank knowingly failed to warn them of AIG’s $10.5 billion mortgage-backed securities fraud suit against the financial institution.
Terry E. Sanchez, Malcolm A. Heinicke and Adam I. Kaplan represented Wells Fargo and Bank of America in the appeal to the Ninth Circuit Court.
George M. Garvey, Marc T.G. Dworsky and Newman A. Nahas defended Bank of America in the investor suit.
Gregory P. Stone and a team of Munger Tolles lawyers, including Sean Eskovitz, Martin D. Bern, Blanca Fromm Young, Daniel B. Levin, Bethany Woodward Kristovich, Keith R. D. Hamilton, II and Jeslyn A. Miller won the trial victory on behalf of Philip Morris USA.