Pro Bono

As one of the most formidable securities law firms in the country, Robbins Geller is widely recognized for obtaining record-breaking recoveries, including the largest securities class action recovery in history ($7.2 billion in In re Enron Corp. Sec. Litig.). But a law firm’s success isn’t solely measured in terms of recovery amount, which is why serving the community is a major priority for Robbins Geller.

“Over the years the Firm has dedicated considerable time, energy, and the full range of its resources for many pro bono and charitable actions that aren’t related to securities fraud,” said partner Darren Robbins, adding that the Firm works “hard to be good citizens who give back to the communities we live and work in.”

Boasting a long list of pro bono and charitable actions, Robbins Geller has been honored for its efforts by several establishments, including the California State Bar (which has nominated the Firm for the President’s Pro Bono Law Firm of the Year award). The Firm and its professional staff have proudly extended their time and resources to a broad spectrum of causes (including the Alzheimer’s Association, American Cancer Society, Rady Children’s Hospital and the Ronald McDonald House, to name a few). But most recently, Robbins Geller has assisted in the representation of children diagnosed with autism spectrum disorder (“ASD”).

For instance, Robbins Geller is litigating a lawsuit against the New York State Education Department and the New York City school district in which the Firm is fighting to remedy flawed educational policies and practices that cause substantial harm to these and other similar children year after year. Plaintiffs allege that defendants fail to provide adequate special education services and accommodations to children, in violation of federal and state law, and instead unlawfully instituted and continue to implement systemic policies, procedures and practices that deprive children with disabilities (including those with ASD) of substantive educational services and procedural protections to which they are entitled. The proposed class members are at risk of losing (or already did lose) special education services to which they are entitled or were never afforded appropriate special education services that they require. In addition, the lawsuit seeks to improve the delivery of educational services to children diagnosed with ASD, as the New York City school district’s programs have not caught up with the changing needs of this diverse and growing population.

Robbins Geller also represented 19 San Diego County children diagnosed with ASD in their appeal of the San Diego Regional Center’s termination of funding for a crucial therapy. The victory resulted in a complete reinstatement of funding and set a precedent that allows other children to obtain the treatments they need.

From successfully obtaining political asylum for an impoverished Somali family whose ethnic minority faced systematic persecution and genocidal violence in Somalia to working with the ACLU in a class action filed on behalf of welfare applicants subject to San Diego County’s “Project 100%” program (which was favorably reported upon by the Harvard Law Review, The New York Times and The Colbert Report), Robbins Geller considers each win to be just as important as the last. Though Robbins Geller’s pro bono recoveries may at times be modest in scale, they are just as important to the Firm as the billion-dollar settlements. As name partner Darren Robbins told Bloomberg, “[S]uccess isn’t always measured in terms of dollars and cents. Over the years the Firm has dedicated considerable time, energy, and the full range of its resources for many pro bono and charitable actions that aren’t related to securities fraud…. We work hard to be good citizens who give back to the communities we live and work in.”

Robbins Geller: Leading the Future of E-Discovery

With the technology world ever-changing, e-discovery is expanding its reach into new and exciting territories. As it grows, the need for technologically savvy professionals has become greater, with standards soaring higher than ever before. By developing reliable practices for e-discovery, Robbins Geller has become a technological leader in the field. With its multi-disciplinary team of attorneys, forensic analysts and database professionals, the Firm has developed a comprehensive e-discovery strategy that is case-specific for modern litigation needs.

Document discovery just isn’t feasible without utilizing e-discovery. Evidence is now created, managed, organized and produced electronically – even a document printed on paper was created and accessed via a computer. The days of hand-written data are long behind us, and adaption and innovation are keys to succeeding in document-intensive litigation. Though electronically stored information (ESI) is used now in nearly every case, its complexity and sheer volume can change drastically from case to case, reinforcing the need for e-discovery leaders who have the tools to handle each challenge efficiently. Not only will e-discovery be shaping the future of litigation, it will be shaping laws.  For instance, many of the changes to the discovery rules in the 2015 Amendments to the Federal Rules of Civil Procedure contemplated the predominance of e-discovery in complex litigation.

As the size and stakes of complex litigation continue to increase, it is more important than ever to retain counsel with a successful track record of results. With 200 attorneys supported by a large staff of forensic and e-discovery specialists, Robbins Geller has a level of technological sophistication that is unmatched by any other firm. The attorneys have extensive knowledge and experience in drafting and negotiating sophisticated e-discovery protocols, including those involving the use of predictive coding.  They have helped shape the e-discovery dialogue by regularly contributing to industry publications and lecturing extensively on predictive coding and other technology-assisted review, as well as various discovery issues related to the 2015 Amendments to the Federal Rules of Civil Procedure.

Robbins Geller has the ability to manage and host all of its litigation support in-house, allowing the firm to implement advanced analytic technologies and custom workflows that work quickly and efficiently. The litigation support team is comprised of project managers, a Relativity systems administrator, data analytics specialists, a trial manager, and six Relativity Certified Administrators.  Collectively, the Robbins Geller forensic and technology professionals have well more than 75 years of e-discovery experience, effectively making them leaders in shaping the e-discovery industry. They play prominent roles in the local chapters of Women in eDiscovery and the Relativity Users Steering Committee.

With security being a top priority for Robbins Geller, all Firm-hosted e-discovery is protected using bank-level 128 encryption and is safeguarded behind state-of-the-art Cisco firewalls. Additionally, the information is hosted on Firm-owned equipment that has been installed in a private cage at the AIS Data Center in San Diego, California. AIS is an SSAE 16-compliant, SOC 1, 2, and 3 audited facility that features 9.1 megawatts of power, N+1 or better redundancy on all data center systems, and security protocols required by leading businesses in the most stringent verticals. The facility was originally designed to support a large defense contractor, meaning that it was built to rigorous standards and includes redundant power, cooling systems and multiple generators. The Robbins Geller disaster recovery site is hosted at a similar AIS data center in Phoenix, Arizona.

To learn more about Robbins Geller’s e-discovery service, visit: http://www.rgrdlaw.com/services-e-discovery.html

Portfolio Monitoring – What It Is and What It Does for Your Institution

Portfolio monitoring is the regular monitoring of an institution’s securities holdings by qualified securities legal counsel.  The service allows Robbins Geller to quickly identify large losses suffered by its clients due to corporate fraud or misconduct so that clients can carefully and deliberately weigh their options.  The Portfolio Monitoring ProgramSM is a non-intrusive, free service that gets the Firm’s clients important information quickly.  Many reports and studies have demonstrated that pension funds benefit from free portfolio monitoring services.

Make Sure Your Data Is Secure

A portfolio monitoring program should include the electronic transfer of trading data to a secure server, accessible only to select individuals at legal counsel’s office.  The program’s technical features should include physical security, network security and operating security.  These include limiting access to the data to secure lines, such as a 128-bit encrypted fixed-line connection.  In addition, the data storage should have an intrusion protection system operating 24 hours a day, which prevents unauthorized access.  The use of packet and host-based firewalls not only protects the data from internet intrusion, but also periodically “tests” the firewall capabilities of the server.

Immediate Calculation of Losses

Once an institution is satisfied with the safety of the data storage system, appropriate transactional data should be transferred to the server.  A monitoring system should be able to provide institution trustees or their designees with a real-time calculation of the institution’s losses.  With portfolio monitoring, the calculation of the institution’s losses is done automatically, and the only contact with the institution is when the information is conveyed to the institution.  This information is key to many institutions who want to know how they have been affected by a securities fraud, such as that which occurred at Enron or Parmalat.

Monthly Monitoring Reports

A monitoring service should provide an institution with frequent reports of all institution losses in securities class actions filed and published in that time frame.  This provides the institution with a record of cases in which the institution has a loss so that a more thorough and efficient filing of claims can be accomplished.  The report should provide not only the losses suffered by the institution in each case filed, but also a brief synopsis and analysis of each case filed.

Interim Reporting

In addition to frequent reporting, a monitoring program should also provide interim information to an institution, based upon the institution’s pre-set thresholds.  For example, certain institutions may want to be advised immediately of any losses sustained above a certain dollar amount, or a certain percentage of the institution’s holdings.  Whatever an institution’s threshold for immediate reporting is, it should be determined at the onset so that information can be provided to the institution if, and when an occasion arises that meets its predetermined criteria.

Designation of Institution Representative

The institution should designate a representative to whom both monthly and interim reporting should be made.  Communications with the institution are then limited to this individual or individuals, eliminating duplicative communications.  If set up properly with electronic data transfer, this should be the only communication required with the institution.  By transferring data, the institution does not have to “check” its holdings, either internally or through its money manager, and let counsel know its purchases/sales so that counsel can then determine the institution’s losses and get back to the institution.

By removing the unnecessary steps in the communication process, the information can be provided to the institution on an efficient and timely basis.  Timeliness and efficiency are critical, as an institution has just 60 days to quantify its losses and complete its analysis of whether or not to seek lead plaintiff status.  Thus, any delay in the analysis or transmission of data can be detrimental to the institution.

For more information on Robbins Geller’s Portfolio Monitoring ProgramSM, click here.

What You Should Know About Joining a Class Action Suit

The Robbins Geller team was honored to be recognized by SCAS’s recent Top 50 Reportas the United States’ top plaintiffs’ securities law firm by total dollar value of class action recoveries. Considering that Robbins Geller competes with some of the country’s largest and best-regarded law firms in this practice area, that’s a truly impressive distinction.

But the fact that Robbins Geller has been able to consistently deliver results for its class action clients doesn’t necessarily prepare future clients to join and pursue their own suits. With that in mind, here’s a brief primer on what you should know about joining a class action suit — whether or not Robbins Geller acts as lead counsel.

What Is a Class Action Lawsuit?

A class action lawsuit is a large-scale legal action that formalizes a plaintiff’s initiation and pursuit of a representative lawsuit against a particular defendant or group of defendants on behalf of a larger class of plaintiffs. A class action suit is appropriate in any circumstance in which the defendant’s unlawful or tortious actions (such as the manipulation of financial statements) harmed a large group of individuals or entities in a similar fashion (such as a drop in the value of stock holdings).

Financial and Time Costs

When you join a class action lawsuit with Robbins Geller (and most other reputable law firms, for that matter), you’re not required to make any upfront payments or held to immediate account for any fees. In fact, you won’t face any substantial out-of-pocket expenses until your case is resolved favorably, either through a court-mandated recovery or settlement with the defendant. If your claim isn’t successful, you won’t be liable for any costs.

However, it’s important to note that as class action lawsuits are quite complex, they typically take years to resolve. Depending on the nature of your case, you shouldn’t expect a start-to-finish resolution shorter than two years. Very complex cases may take longer than three. That said, Robbins Geller’s experienced attorneys remain in close communication with clients throughout the process and faithfully provide status updates.

What’s Eligible for Inclusion in a Class Action Suit?

In the securities law realm, you’re eligible for inclusion in a class action suit if you owned stock during the class period, or the period during which the defendant engaged in unlawful or tortious behavior. The same principle applies to other types of class action suits as well. If your involvement with the defendant falls outside the class period, you’re generally not eligible for inclusion.

Settlements and Recoveries

A class action lawsuit can end in several ways. The most favorable outcomes for plaintiffs are settlements and recoveries — both of which Robbins Geller is second to none in obtaining. A settlement is typically reached outside of the trial process and involves the defendant’s agreement to pay the plaintiff class a set amount in damages, typically over a set period of time. A recovery, by contrast, is a court-mandated payment from the defendant to the plaintiff class. In both cases, the damages are distributed among plaintiffs on an equitable basis relative to the severity of their financial or personal injury.

You can find more information about Robbins Geller’s class action cases and procedureshere.

Robbins Geller Stakes Its Claim as California’s Most Innovative Law Firm

Law isn’t known as a high-tech profession. Asked to describe his or her idea of a lawyer, the typical layperson is likely to draw a serious-looking person wearing formal attire and carrying a briefcase, legal pad and pen. Perhaps that’s not an inaccurate image. But it does do a disservice to the legal industry’s ongoing embrace of new technology, from e-discovery protocols to the slow but steady adoption of the almighty tablet and the concurrent phasing-out of the legal pad.

Robbins Geller is on the forefront of the legal profession’s technological revolution. It’s also embracing sustainability in every aspect of its practice. Here’s how Robbins Geller is laying the groundwork for a better tomorrow.

A sustainable sustainability policy

Robbins Geller’s sustainability policy is more than mere words — and much more than a handful of break-room recycling bins. In fact, the Firm is actively involved in several distinct recycling programs. This includes an electronics recycling program that disposes of hundreds of old computers, printers, mobile devices and electronic accessories per year in an environmentally friendly fashion.

Robbins Geller also follows the sustainability protocols outlined by the American Bar Association, including:

  • All first-use paper contains at least 30% post-consumer content
  • Recycle all mixed, non-sensitive office papers
  • Use scanned/emailed files instead of paper documents whenever possible
  • Utilize e-discovery technology
  • Replace all obsolete equipment with Energy Star equipment
  • Use CFLs and other low-power lighting equipment
  • Power down electronics when not in use
  • Follow double-sided copying protocols

Technology that benefits attorneys and clients alike

Robbins Geller’s first obligation is to its clients. The Firm wouldn’t be recognized as one of the country’s preeminent securities fraud firms were it not for the competence and tenacity with which it represents its clients.

That said, Robbins Geller recognizes the importance of remaining on the cutting edge of technological innovation. Several initiatives, some in place for years, have earned the Firm a reputation as a prudent first adopter:

  • E-discovery. Robbins Geller was among the first California-based law firms to embrace e-discovery technology. Though e-discovery is now standard in many of the jurisdictions in which Robbins Geller operates, the Firm’s attorneys are intimately familiar with the e-discovery process and the technology that underpins it.
  • Ironclad data security. Robbins Geller is evangelical about the need for tight data security protocols. The Firm treats all client data with the utmost respect and continually invests in upgrades to remain one step ahead of cybercriminals.
  • Relentless testing. Robbins Geller continually strives to improve the client experience. From a technology standpoint, that means relentless testing and experimentation to determine which apps and interfaces work best for those it represents — and which impede the Firm’s obligation to uphold clients’ rights to the best of its abilities.
  • Portfolio Monitoring Program. The Firm’s proprietary Portfolio Monitoring Program uses sophisticated software that monitors client transactions and immediately notifies relevant parties when losses could be attributable to fraudulent activity. Additional layers of physical and virtual security underpin this program, which is without equal in the securities fraud law field.

Imagining the future of the legal profession

A generation ago, now-standard applications of legal technology (like e-discovery) were beyond the realm of comprehension for most attorneys. A generation hence, it’s likely we’ll take for granted things that we can scarcely conceive today. The question of whether it’s possible to turn back the clock on the technological revolution is settled: we can’t. The real question for innovative firms like Robbins Geller becomes, how will we harness that revolution?

Leading by Example: How Robbins Geller Is a Force for Good

Rightly or wrongly, law firms are judged by the outcomes of the high-profile cases they take on. Robbins Geller knows this better than anyone: over the past 15 years, the Firm has achieved successful judgments, settlements and recoveries in immediately recognizable actions, including Enron (the largest class action settlement in history, at $7.3 billion) and UnitedHealth (which recovered $925 million in shareholder funds, including $30 million in cash from the former CEO himself). Robbins Geller has also notched precedent-setting judgments in consumer protection and insurance cases likeKwikset Corp. v. Superior Court and Troyk v. Farmers Group.

While Robbins Geller’s hardworking, tenacious attorneys appreciate the respect and recognition that come with such outcomes, they’re just as proud of the work that doesn’t attract front-page headlines or leading evening news reports. In fact, the Firm’s attorneys devote substantial time, energy and resources to good works, from pro bono casework to financial support for community organizations across the country.

A socially responsible approach to the law

Robbins Geller’s attorneys are cognizant of their privilege. Though they work tirelessly as advocates for those who can’t always stand up for themselves, they understand their duty to better their community in ways not directly related to their professional calling.

As such, Robbins Geller, its attorneys and valued support staff proudly devote significant amounts of free time and monetary resources to worthy organizations and causes across the country. Some of the organizations that have recently drawn support from Robbins Geller include:

  • Elderhelp of San Diego
  • The American Cancer Society
  • Family Health Centers of San Diego
  • The Ronald McDonald House
  • United Cerebral Palsy of San Diego
  • Rady Children’s Hospital

Making a difference in the fight against a wily adversary

Robbins Geller is particularly proud of the work it’s done in the fight against the most wiliest adversary of all: cancer. The Firm recently received the Circle of Hope Award from the San Diego chapter of the American Cancer Society for its tireless fundraising on the organization’s behalf. In two years, the Firm raised more than $41,000 for the Society across a combination of initiatives, including Relay for Life, Daffodil Days, and Making Strides Against Breast Cancer.

Robbins Geller pro bono work: changing lives for the better

In terms of attorney hours, Robbins Geller is one of California’s single largest practitioners of pro bono work. The Firm has tackled numerous pro bono cases in recent years, securing favorable outcomes in many:

  • On behalf of 19 local children, successfully secured reinstatement for autism spectrum treatment funding that had been discontinued by the San Diego Regional Center
  • Secured the reversal of a Board of Immigration Appeals decision that would have deported a law-abiding immigrant family in violation of precedent, resolving a key point of legal dispute and setting an important precedent in the process
  • Represented a Somali immigrant family seeking asylum; the family had faced years of persecution in its home country

Robbins Geller’s pro bono work, community engagement and social responsibility policies won’t change the world on their own. But they help remind the Firm’s attorneys, clients and adversaries, not to mention members of the general public, that there’s more to life than professional accolades and public recognition. Here’s to keeping our priorities straight.

What Is a Securities Fraud Class Action?

Robbins Geller has aggressively pursued securities fraud class action lawsuits for years, helping thousands of investors recover substantial monies lost as a result of corporate fraud, market manipulation and other unlawful activities. Throughout the course of its longstanding commitment to protecting and upholding the rights of investors, though, the firm’s attorneys have come to understand that not all of their prospective clients — to say nothing of the general public — think about securities fraud issues on a daily basis.

With that in mind, here’s a look at the basics of Robbins Geller’s securities fraud class action lawsuits.

How Securities Fraud Class Action Lawsuits Work

Securities fraud class action lawsuits begin with a thorough investigation of potential impropriety or unlawful activity on behalf of a publicly traded law firm. During the course of the investigation, Robbins Geller relies on the expertise of talented investigators, financial experts and attorneys with years of experience in such matters. In particular, the Robbins Geller team looks for suspicious stock-price activity (often utilizing its proprietary portfolio monitoring service) and determines whether said activity is the result of willful deception by the company.

If this is determined to be the case, the Robbins Geller team defines the class period — the date range during which investors who purchased the company’s stock likely lost a portion of their investment due to the unlawful activity. Investors who meet the class requirements can then join the class. If a judge determines that the class’s collective financial loss is due to the company’s unlawful activity, he or she certifies the class and allows the case to proceed.

Securities fraud class action lawsuits help investors in several different ways:

  • Recovering funds for investors who lost money as a result of unlawful corporate activity
  • Promoting transparency and honest behavior among publicly traded firms
  • Aiding financial regulatory authorities that might otherwise lack the resources or manpower to pursue individual investors’ claims against publicly traded firms
  • Empowering individual and institutional investors

Current and Future Securities Fraud Class Action Suits by Robbins Geller

Robbins Geller continues to fight for the rights of shareholders affected by unlawful corporate activity. Recently, the firm commenced a class action lawsuit on behalf of shareholders in IsoRay Inc. (NYSE: ISR), a company that develops isotope-based products for use in cancer treatments and other medical applications. The suit’s class period covers May 20 and May 21, 2015, and centers around “false and misleading statements” made in a press release issued prior to the market’s opening on May 20. In particular, the release overstated the favorability of a particular study’s results, causing IsoRay’s stock price to rise considerably, then fall after a respected third-party publication issued a clarification that contradicted the release’s conclusions and accused IsoRay of “selective editing.”

Securities fraud class action suits like Robbins Geller’s IsoRay case are clearly in the best interests of the investors who comprise the class — and serve as a powerful curb on the potentially unlawful activities of publicly traded firms. To learn more about Robbins Geller’s securities fraud law cases or the IsoRay case in particular, visit Robbins Geller’s website.

What You Need to Know About Class Certification in Securities Fraud Cases

As all lawyers and many laypeople know, truly settled law is a rare thing indeed. Most areas of the law are subject to constant revision and reinterpretation, often following a precedent-shifting outcome in a particular court case. In 2014, as reported by the Wall Street Journal, the U.S. Supreme Court ruled (in a case called Halliburton v. Erica P. John Fund) that the “fraud on market” theory was a sound legal basis for securities fraud law cases brought by plaintiffs’ firms like Robbins Geller, validating decades of case legal work by said firms.

What Is Fraud on Market?

The legal concept of fraud on market first arose in the late 1980s as result of the plaintiff-friendly outcome of Basic v. Levinson. The concept is relatively straightforward: According to the Wall Street Journal, it requires plaintiffs to show that the price of a stock “had been tainted by fraud in a generally efficient market.” In most cases, this is done by watching the price of a particular company’s stock for signs of unusual activity, such as sudden drops, and tying that activity back to the company’s action. In most cases, such activity centers around an absence of “complete information” — intentional withholding, misstatements, or outright fraud on the part of the company.

This is the basis of fraud on market: Companies that willfully mislead their investors are fundamentally undermining the efficiency of the financial markets. If investors buy and sell stock on the basis of such statements (or lack thereof), they could be blindsided when damaging information comes to light after the fact — and, if the stock price drops as a result, suffer substantial financial harm.

Robbins Geller has pursued dozens of successful securities fraud class actions, many of which attracted national attention and secured hundreds of millions in settlement or recovery monies on behalf of aggrieved shareholders. In fact, the firm helped secure billions in compensation for clients in cases against Enron, UnitedHealth and WorldCom, all major companies accused under the fraud on market principle. Doing away with the fraud on market principle entirely would have been a devastating blow to the rights of individual and institutional investors.

New Considerations

That said, the Supreme Court did inject a new wrinkle into the concept of fraud on market. The court’s ruling provided some leeway for defendants (i.e. companies) to argue that the market activity in question isn’t related to the alleged fraud or impropriety — that the company’s actions weren’t responsible for the drop in the stock’s value, and thus the stock’s price wasn’t artificially inflated to begin with. Companies can now make this argument during the class certification phase of the action, when Robbins Geller typically organizes and presents its case to aggrieved investors.

What It Means for Class Certification

There remains some debate over the precise impact that the Halliburton decision will have on future securities fraud law cases. In one sense, the situation is unlikely to change radically: By explicitly leaving fraud on market intact, the Supreme Court made it clear that the concept remains a sound legal basis for cases brought by Robbins Geller and other plaintiffs’ firms.

On the other hand, defendants can now neuter a potential lawsuit before it begins by arguing that aggrieved investors — i.e., members of the plaintiff class — have no standing to bring the case. Robbins Geller and peer firms typically didn’t have to deal with this argument until the trial phase of an action, so it does complicate their activities and will likely result in changes to how securities fraud cases are pursued. Still, there’s no fundamental change to the rights of individual and institutional investors — a critical victory for stockholders everywhere.

What Can Robbins Geller’s Portfolio Monitoring Program Do for You?

Navigating the constantly shifting currents of the world’s financial markets is a challenge, even for seasoned investors. Individuals and institutions with limited resources often devote the bulk of their energy to employing new strategies, not to double- and triple-checking the good work they’ve already done.

Unfortunately, securities fraud rarely announces itself in the light of day. It can take years for a fraudulent activity to be uncovered, with many discoveries coming too late for anything to be done. To increase investors’ chances of finding potentially fraudulent activity in a timely fashion, Robbins Geller has developed a proprietary, no-cost portfolio monitoring system that’s used by individual and institutional investors around the world.

How Robbins Geller’s Portfolio Monitoring Program works

According to Robbins Geller, the Firm’s Portfolio Monitoring Program is a “sophisticated, exclusive and secure service for institutional investors … built around proprietary software that is able to provide essential information to track investment losses.” The Program is overseen by David C. Walton, a Robbins Geller partner and one of the 35 Robbins Geller attorneys added to the 2015 San Diego Super Lawyers list.

The cost-free Portfolio Monitoring Program is used by hundreds of Robbins Geller clients, collectively covering at least $2 trillion in assets under management. It’s important to note that the Program isn’t simply an automated “early detection” system or loss-prevention program of the sort used by brokerage houses and fund managers. It’s a hands-on, human-directed program that leverages the skills and insight of expert financial attorneys, experienced forensic accountants, data analysts and economists. When unusual activity is detected, the combined efforts of these professionals allows Robbins Geller to rapidly produce a detailed report and pass it along to the affected investor(s), who can then elect to take further action.

The benefits of portfolio monitoring

The benefits of Robbins Geller’s Portfolio Monitoring Program are manifold:

  • Ironclad data security. Funds, fund managers and individual investors are rightly concerned about the security of sensitive financial and personal data. Robbins Geller makes data security a top priority for Portfolio Monitoring clients. The Firm uses state-of-the-art network security protocols, including private addressing, adaptive security algorithm and a firewalled UNIX operating system. Physical security is no less impressive: Robbins Geller uses redIT, a secure San Diego data center with closed-circuit monitoring, biometric scanner access, cabinet door monitoring and a rapid-response fire extinguishing system.
  • Timely, detailed reporting. Robbins Geller advises all Portfolio Monitoring clients to designate a “point person” to converse with its monitoring team, eliminating the risk of duplicate communications or internal conflict. Full forensic loss reports often come within days of the discovery of suspicious activity.
  • International reach. If desired, Portfolio Monitoring clients with international exposure can receive a quarterly International Monitoring Report that provides detailed outlines of pending international securities fraud actions and personally alerts recipients invested in at-issue securities.

Robbins Geller: uniquely positioned to pursue securities fraud cases

Robbins Geller is committed to protecting the rights of individual and institutional investors affected by securities fraud. Just as importantly, it’s committed to reducing the incidence of securities fraud altogether. The Robbins Geller Portfolio Monitoring Program is a critical part of this effort — and, the Firm hopes, a powerful incentive for publicly traded companies and their officers to play by the rules.

Why Whistleblowers Trust Robbins Geller

Whistleblowers play a critical role in the American legal system. They’re often the first to report unethical or illegal activities at major corporations or within sprawling government bureaucracies. In many cases, the information they provide forms the basis of civil or criminal actions that taint their employers’ reputations for years or decades. Sadly, whistleblowers’ bravery often makes them a target for professional and personal retribution — even, at times, for physical violence.

What is a whistleblower?

Robbins Geller is committed to the rights and welfare of corporate and government whistleblowers. But what exactly is a whistleblower?

According to Robbins Geller, “A whistleblower is an individual who discloses original information to the public or those in authority about illegal and/or unethical activities in a government department or private organization.” Though few are featured in news reports or gain notoriety outside of closed professional circles, hundreds of whistleblowers come forward each year in the United States alone.

Whistleblowers often reveal the details of suspected but hitherto unproven cases of fraud, embezzlement and other financial crimes within public and private organizations. Their revelations can be explosive. Whistleblowers were responsible for the first reports of criminal activity at both Enron and WorldCom — reports that would grow into the two largest financial scandals of the early 2000s.

Robbins Geller’s whistleblower practice group works with concerned employees and observers in a variety of industries. The most common types of criminal or unethical activity uncovered by its clients include:

  • Doctors and hospital groups overbilling Medicare or private insurance (insurance fraud)
  • Doctors performing unnecessary procedures or services (also insurance fraud)
  • Tax fraud
  • Securities fraud
  • Medical professionals issuing off-label prescriptions
  • Defense contractor fraud

What makes Robbins Geller’s whistleblower services different

Robbins Geller’s whistleblower services offer comprehensive legal representation and access to the full measure of the federal government’s whistleblowing protections. Whistleblowers who approach Robbins Geller with sensitive information enjoy such advantages as:

  • Protection from retaliation by employers. Whistleblowers’ employers, whether private firms or government agencies, are prohibited by federal law from engaging in any retaliatory action against individuals alleging criminal or unethical activity on their part. Such action includes harassment, threats, demotions, withholding of salary or bonuses, termination of employment and physical violence.
  • Entitlement to a substantial portion of an eventual settlement or judgment. After a spate of high-profile cases involving financial and insurance fraud, the federal government passed a series of laws (notably the Dodd-Frank Act) that boosted financial incentives for whistleblowers. Under the terms of the Dodd-Frank Act, any whistleblower who voluntarily provides the Securities and Exchange Commission or the Commodities and Futures Trading Commission with information that results in a recovery of more than $1 million is entitled to anywhere between 10% and 30% of the awarded amount. Though some caveats and restrictions apply, this is clearly a significant incentive.
  • Protections and financial incentives under the IRS Whistleblower Program. Under the terms of the IRS Whistleblower Program, anyone who voluntarily provides information about tax fraud leading to the recovery of more than $2 million — or involving an individual whose annual income exceeds $200,000 — is entitled to between 15% and 30% of the recovered amount.

It’s nice to imagine a world in which whistleblowers — and thus whistleblower protections — weren’t necessary. But that rosy future is some ways off. For now, the brave souls who put their professional and personal lives on the line to arrest corruption and malfeasance deserve all the support they can get. Robbins Geller is simply doing what it can to level the playing field.