Jeremy P. Robinson

Jeremy Robinson, a BLB&G partner, is a nationally recognized securities and governance litigator who has been fighting corporate misconduct for over two decades in federal and state courts, including the Delaware Court of Chancery. Robinson has prosecuted some of the highest profile securities and governance cases in history, recovering billions for investors and resulting in important governance reforms that transformed corporate conduct. Robinson practices out of the firm’s New York office.  

Highlights of Robinson’s securities and governance experience include:

• In re Facebook Securities Litigation: Robinson is a key member of the team currently prosecuting this securities class action arising from defendants’ misrepresentations regarding Facebook’s risks from data misappropriation and misuse and its users’ purported control over their personal data. Robinson and the team were recently successful in having the Ninth Circuit reverse the District Court’s dismissal of the action—and then achieved an important victory for investors by defeating defendants’ subsequent appeal to the U.S. Supreme Court. The case has now returned to the District Court for further proceedings.
• Employees Retirement System for the City of Providence v. Urs Rohner et al: Robinson led the litigation of this derivative, oversight action pending in New York state court. This ground-breaking action asserts breach of fiduciary duty claims under Swiss law against the former directors and senior officers of Credit Suisse for failing to establish and oversee reasonable or effective risk management systems at the Swiss bank’s New York operations. Defendants’ risk management failures caused Credit Suisse to suffer massive losses when a series of hedge funds defaulted, including Archegos Capital Management in 2021. The parties recently reached an agreement to settle this action for $115 million, which is the largest recovery in a derivative oversight action in New York state court history. The settlement is pending approval by the Supreme Court of the State of New York.
• In re Viacom Inc. Stockholders Litigation: Robinson was a key member of the team representing former Viacom stockholders in this class action challenging the stock-for-stock Merger of Viacom and CBS, Inc. brought in the Delaware Court of Chancery. The action alleged that the Merger was the product of an unfair process that resulted in an unfair price for Viacom’s stockholders, including because it was negotiated by a special committee that improperly favored controller Shari Redstone’s interests over those of Viacom’s minority stockholders. In this action, Robinson and the team secured a $122.5 million recovery—the second-highest direct recovery in Delaware history.
• In re Freeport-McMoRan Copper & Gold Inc. Derivative Litigation: Robinson represented the Plaintiffs in this stockholder derivative action brought in the Delaware Court of Chancery, which challenged the decision by the board of directors of Freeport-McMoRan Copper & Gold Inc. to acquire both McMoRan Exploration Co. (MMR) and Plains Exploration & Production Co. (PXP) (the “Transaction”). The action alleged that the Transaction was tainted due to Defendants’ conflicted decision to significantly overpay for MMR and PXP in a deal riddled with conflicts, including the fact that half the Freeport-McMoRan board of directors comprised a majority of the board of directors of MMR. Plaintiffs alleged that Freeport-McMoRan’s Board approved the Transaction to bail out their personal investments in the financially imperiled MMR—and thereby caused Freeport’s shareholders to overpay for both MMR and PXP. Following expedited fact discovery, Defendants and other parties agreed to pay a total of $153.75 million to resolve the case and Plaintiffs’ claims. 
• In re Fannie Mae/Freddie Mac Senior Preferred Stock Purchase Agreement Class Action Litigations: Robinson was an integral member of the team that achieved a significant victory for investors following a three-week trial against the U.S. Federal Housing Finance Agency regarding the agency’s “net worth sweep” of Fannie Mae and Freddie Mac’s profits. Robinson and the team successfully obtained a rare verdict for plaintiffs, which awarded $812 million in damages to class members, including interest. 
• In re Citigroup, Inc. Bond Action Litigation: Robinson played a leading role in the securities class action against Citigroup alleging that the company raised billions of dollars from investors in a series of public offerings while misrepresenting its exposure to toxic assets linked to residential mortgage-backed securities. The case settled before trial for $730 million, representing one of the largest recoveries ever in a securities class action brought on behalf of purchasers of debt securities and ranking among the top 25 largest securities class action recoveries in history. 
• In re Allergan Proxy Violation Litigation: Robinson played a key role on the team that prosecuted the action against Allergan arising from a billion dollar insider trading scheme. After a hard-fought three-year legal battle, Robinson and the team reached a $250 million settlement on the eve of trial. This case serves as an important precedent in corporate takeovers as it effectively shut down what might have otherwise been a loophole permitting corporate insiders to engage in illegal insider trading and front-running to the prejudice of honest investors and a level playing field in U.S. capital markets.

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