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Jeffrey N. Leibell
Mr. Leibell specializes in prosecuting securities class actions as well as derivative actions involving breaches of fiduciary duty and corporate governance on behalf of the firm’s clients. Since joining the firm in 1996, he has prosecuted a number of the firm’s most significant cases, including
In re Cendant Corporation Securities Litigation, and
McCall v. Scott, and he is prosecuting the In re HealthSouth Corp. Bondholder Litigation.
A Certified Public Accountant, Mr. Leibell has extensive
experience addressing accounting liability issues.
Prior to joining the firm, he served as a Senior Manager in the Audit Department of Deloitte & Touche LLP, where he audited "Fortune 500"
and other companies in a variety of industries.
Mr. Leibell’s current practice also is concentrated in negotiating the terms of, documenting and administering the firm’s class action and derivative action settlements. He has been responsible for implementing and administering over $13.5 billion in class action recoveries, most notably:
- the $6.1 billion recovered in fourteen separate settlements in the
In re WorldCom Inc. Securities Litigation, including the liquidation of over $40 million in non-cash assets recovered as part of the settlement with Bernard Ebbers;
- $3.2 billion recovered in two separate settlements in the
In re Cendant
Corporation Securities Litigation;
- the proposed $1.3 billion settlement for cash and common stock in the
In
re Nortel Networks Corp. Securities Litigation;
- the $960 million recovered in the partial settlement in the
In re McKesson HBOC, Inc. Securities Litigation;
- the proposed $445 million partial settlement, comprised of $230 million in cash and a combination of HealthSouth
stock and warrants with an approximate value of $215 million, recovered in the
In re HealthSouth Corp.
Bondholder Litigation;
- $410 million recovered in the
Ohio Public Employees Retirement System, et al. v. Freddie Mac, et al.;
- $311 million recovered in the
In re Williams Securities Litigation;
- the $300 million recovered in
In re Bristol-Myers Squibb Securities Litigation;
- the proposed $285 million recovered
In re El Paso Corporation Securities Litigation;
- the $163 million recovered in two separate settlements in the
In re Symbol Technologies, Inc. Securities Litigation;
- $137.5 million recovered in the
In re Electronic Data Systems Corporation Securities Litigation;
- the proposed $108 million recovered in the partial settlement in the
In
re Refco,
Inc. Securities Litigation;
- $92.4 million recovered in two separate settlements in the
In re OM Group,
Inc. Securities Litigation;
- the settlement in
McCall v. Scott, known as the “Columbia/HCA
Derivative Litigation,” which included a state-of-the-art corporate governance plan.
He is experienced in developing plans of allocation of settlement proceeds, having been the principal drafter of the plans approved by the courts in, among other cases,
In re Cendant Corporation Securities Litigation and
In re WorldCom Securities Litigation, both of which involved separate settlement funds, multiple securities and multiple corrective disclosures.
Mr. Leibell received his B.S., cum laude, in Accounting from Brooklyn College of the City University of New York in 1979, and a J.D. from Columbia University in 1992, where he was the Senior Notes Editor of the Columbia Business Law Review, twice a Harlan Fiske
Stone Scholar, and the author of “Accountant’ Liability in the Savings & Loan
Crisis: An Argument in Favor of Affirmative Defenses.”
Mr. Leibell is a member of the New York State Society of Certified Public Accountants, the New York State Bar Association and the American Bar Association.
ADMISSIONS: Admitted to bar, 1992, New York. 1993, U. S. District Court for the Southern and Eastern Districts of New York. 1995, U. S. Court of Appeals, Second Circuit. 1996, U. S. District Court for the Eastern District of Michigan. 1999, U.S. Court of Appeals, Sixth Circuit. 2000, U.S. District Court for the District of Colorado; U.S. Court of Appeals, Third Circuit. 2004, U.S. Court of
Appeals, Fourth Circuit.
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