FacultyFaculty/Author Profile

Samuel H. Rudman

Robbins Geller Rudman & Dowd LLP

Melville, NY, USA

Samuel H. Rudman is a founding member of the Firm, a member of the Executive and Management Committees, and manages the Firm’s New York offices. Mr. Rudman’s 22-year securities practice focuses on recognizing and investigating securities fraud, and initiating securities and shareholder class actions to vindicate shareholder rights and recover shareholder losses. A former attorney with the U.S. Securities and Exchange Commission, Mr. Rudman has recovered hundreds of millions of dollars for shareholders, including a $200 million recovery in Motorola, a $129 million recovery in Doral Financial, an $85 million recovery in Blackstone, a $74 million recovery in First BanCorp, a $65 million recovery in Forest Labs and a $50 million recovery in TD Banknorth.

In the TD Banknorth litigation, the court appointed Mr. Rudman and the Firm to be lead counsel for the plaintiff class only after rejecting as “wholly inadequate” the settlement negotiated for the class by another law firm. When the Firm later achieved a $50 million recovery for the class, the court stated: “This is one of the cases – there’s probably been a half a dozen since I’ve been a judge that I handled which have – really through the sheer diligence and effort of plaintiffs’ counsel – resulted in substantial awards for plaintiffs, after overcoming serious procedural and other barriers. . . . [I]t appears plainly from the papers that you and your co-counsel have diligently, and at great personal expense and through the devotion of many thousands of hours of your time, prosecuted this case to a successful conclusion.” The court also credited the Firm with raising the inadequacy of the initial settlement.

Mr. Rudman is an active speaker on securities law matters. He has spoken at programs sponsored by the Practicing Law Institute, including: Securities Litigation & Enforcement Institute and Response to Ponzi and Other Schemes: Alternative Investment Funds under Scrutiny. Mr. Rudman has also spoken at the D&O Symposium organized by the Professional Liability Underwriting Society. Additionally he has published articles, including: "Meaning of Second Circuit’s 'W.R. Huff' for Investment Advisors," New York Law Journal; "Back to 'Novak': Confidential Witnesses in Fraud Actions," New York Law Journal; and “'Oscar': Misinterpretation of Fraud-on-the-Market Theory," New York Law Journal.

Mr. Rudman graduated from Binghamton University with a Bachelor of Arts degree in Political Science. He received his Juris Doctor degree from Brooklyn Law School, where he was a Dean’s Merit Scholar, a member of the Moot Court Honor Society and the Brooklyn Journal of International Law. Upon graduation from law school, Mr. Rudman joined the Enforcement Division of the SEC in its New York Regional Office as a staff attorney, where he was responsible for numerous investigations and prosecutions of violations of the federal securities laws. Thereafter, Mr. Rudman joined one of the largest corporate law firms in the country, where he represented public companies in the defense of securities class actions and also handled white-collar criminal defense matters.

Honors & Awards
Super Lawyer, 2007-2014
Benchmark Local Litigation Star, 2013-2014 Benchmark Litigation Star, 2013

Notable Cases
In re TD Banknorth S'holders Litig. Matrixx Initiatives, Inc. v. Siracusano Silverman v. Motorola, Inc.

Robbins Geller Defeats Barclays’ Attempt to Dismiss Securities Case Arising Out of LIBOR Scandal, October 20, 2014
Robbins Geller Rudman & Dowd LLP’s Case Against Stock Exchanges Over High-Frequency Trading Heats Up, September 9, 2014
Robbins Geller Rudman & Dowd LLP Celebrates Ten Years of Success, May 1, 2014
Robbins Geller Obtains $85 Million for Investors in Blackstone’s IPO on the Eve of Trial, August 30, 2013
A First Time for Everything: The First Circuit Opines on Loss Causation and Vacates CVS Caremark Dismissal, May 24, 2013
ADR Class Certified Against Sanofi-Aventis, March 20, 2013
$26 Million Recovered for EnergySolutions Shareholders, March 14, 2013 Motion to Dismiss Denied in Goldman Sachs, June 21, 2012
Delphi Shareholders Receive $49 Million Settlement, April 9, 2012 Class Certification Obtained in Matrixx/Zicam Case, February 24, 2012

Press Releases
Robbins Geller Rudman & Dowd LLP Announces Opening of Chicago Office and Recovery of $200 Million for Motorola Shareholders, February 2, 2012

Fourth Quarter 2014 Corporate Governance Bulletin, November 2014 Fourth Quarter 2013 Corporate Governance Bulletin, October 2013 Third Quarter 2013 Corporate Governance Bulletin, July 2013 Second Quarter 2012 Corporate Governance Bulletin, April 2012

Sam Rudman Discusses Securities Litigation on NYSE Euronext's Boardroom.com, September 27, 2011 Meaning of Second Circuit's 'W.R. Huff' for Investment Advisers, January 30, 2009

Back to 'Novak': Confidential Witnesses in Fraud Actions, October 20, 2008 'Oscar': Misinterpretation of Fraud-on-the-Market Theory, July 17, 2008 'Tellabs' and SDNY: Plaintiff's Perspective, March 25, 2008

Collateralized Debt Obligations: Burden Is on Defendants, January 25, 2008

Securities Litigation and Regulation: Pleading Holder Claims to Avoid SLUSA Trigger, March 8, 2004

Seminars & Speaking Engagements
Institute for Law & Economic Policy (ILEP) 18th Annual Symposium, April 26-27, 2012 Practising Law Institute, September 20, 2011


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