NEW YORK--(EON: Enhanced Online News)--Wolf Haldenstein Adler Freeman & Herz LLP is pleased to announce that the firm has been ranked by the National Law Journal as one of the top twenty law firms in the United States. This year’s recognition focused on Wolf Haldenstein’s significant victories tied to two pieces of iconic New York real estate: The Empire State Building and Stuyvesant Town-Peter Cooper Village.
“We knew all of the real estate aspects … as well as the class action aspects. We could handle the case economically-efficiently, and we understand what we are doing.”
The “Plaintiff’s Hot List,” released annually by the National Law Journal, identifies top law firms that have done exemplary, cutting-edge work on the plaintiffs’ side of litigation and possess an impressive track record of wins within the past three to five years.
Wolf Haldenstein partners Daniel Krasner and Lawrence Kolker, chairing the executive committee of co-lead counsel, spearheaded a $155 million settlement for investors related to a new real estate investment trust for the Empire State Building in the first case. The second case was led by partners Krasner and Alexander Schmidt, who played a key role in a $173 million result related to rent-stabilized apartments in Manhattan's largest apartment complex, Stuyvesant Town-Peter Cooper Village. This suit achieved distinction as the largest tenant class action victory in history, with details of it featured in a book written by New York Times reporter Charles V. Bagli titled “Other People’s Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever Made.”
These deals followed a $219 million victory in March in a securities class action against certain feeder funds for the Ponzi scheme run by Bernard Madoff.
"Sometimes you get results back-to-back, sometimes they take longer," said Krasner, senior partner at the New York-based firm, currently celebrating its 125th year as a mid-sized law firm serving New York. "We've had a good luck in all these results have come down in the past year." Drawing on the firm’s widely recognized expertise in the transactional real estate area, he continued, “We knew all of the real estate aspects … as well as the class action aspects. We could handle the case economically-efficiently, and we understand what we are doing.”
In addition to these successes, the National Law Journal recognized Wolf Haldenstein’s other noteworthy and substantial recoveries within the past five years, which total over $2.7 billion. Wins over the years include a $750 million settlement in the Genetically Modified Rice litigation, a $300 million settlement in the In re Mutual Fund Investment litigation, and a $586 million settlement in the well- known In re IPO litigation.
About Wolf Haldenstein:
Celebrating its 125th anniversary serving New York, Wolf Haldenstein Adler Freeman & Herz LLP is a full-service, mid-sized law firm that provides both plaintiff and defense clients with expert counsel in the areas of class action, real estate, health care, trusts & estates, general corporate and non-profit litigation. For more information please visit: www.whafh.com