With over seventeen years experience prosecuting complex litigation in federal courts, Mr. Harrod’s practice focuses on representing the firm’s institutional investor clients in securities fraud-related matters.
Over the course of his career, he has obtained over a billion dollars on behalf of investor classes. His high-profile cases include In re Motorola Securities Litigation, in which he was a key member of the team that represented the State of New Jersey’s Division of Investment and obtained a $190 million recovery three days before trial. Recently, Mr. Harrod represented the class of investors in the securities litigation against General Motors arising from GM’s recall of vehicles with defective ignition switches, and recovered $300 million for investors – the second largest securities class action recovery in the Sixth Circuit.
Mr. Harrod represented institutional investors in several cases concerning the issuance of residential mortgage-backed securities prior to the financial crisis. He worked on the team that recovered $500 million for investors in In re Bear Stearns Mortgage Pass-Through Certificates Litigation, which brought claims related to the issuance of mortgage pass-through certificates during 2006 and 2007. In a similar action, Plumbers’ & Pipefitters’ Local #562 Supplemental Plan & Trust v. J.P. Morgan Acceptance Corp. I, he recovered $280 million on behalf of a class of investors. Other mortgage-backed securities cases that Mr. Harrod worked on include In re Lehman Bros. Mortgage-Backed Securities Litigation ($40 million recovery), and Tsereteli v. Residential Asset Securitization Trust 2006-A8 ($10.9 million recovery).
Among his other notable recoveries are The Department of the Treasury of the State of New Jersey and its Division of Investment v. Cliffs Natural Resources Inc. (class recovery of $84 million); Anwar, et al., v. Fairfield Greenwich Limited (settlement valued at $80 million); In re Service Corporation International ($65 million recovery); Danis v. USN Communications, Inc. ($44.6 million recovery); In re Tower Group International, Ltd. Securities Litigation ($20.5 million recovery); In re Navistar International Securities Litigation ($13 million recovery); and In re Sonus Networks, Inc. Securities Litigation-II ($9.5 million recovery).
In connection with his representation of institutional investors, he is a frequent speaker to public pension fund organizations and trustees concerning fiduciary duties, emerging issues in securities litigation and the financial markets.
Mr. Harrod is recognized as a New York Super Lawyer for his securities litigation achievements.