Samuel Rudman is a founding member of Robbins Geller Rudman & Dowd LLP, a member of the Management Committee, and manages the Firm’s New York offices. His 26-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. Rudman is also part of the Firm’s SPAC Task Force, which is dedicated to rooting out and prosecuting fraud on behalf of injured investors in special purpose acquisition companies. A former attorney with the U.S. Securities and Exchange Commission, 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, a $62.5 million recovery in SQM, a $50 million recovery in TD Banknorth, a $48 million recovery in CVS Caremark, a $34.5 million recovery in L-3 Communications Holdings, a $32.8 million recovery in Snap, Inc., and a $18.5 million recovery in Deutsche Bank.
In the TD Banknorth litigation, the court appointed 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.
Lawdragon Honors
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. He has also spoken at the D&O Symposium organized by the Professional Liability Underwriting Society. Additionally, Rudman 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.
Rudman is often recognized for his philanthropic work and has been honored by the Mid-Island Y Jewish Community Center for opening the Rudman Family Food Pantry, which supplies food and support for hundreds of families in need each year in the New York area. Most recently, Rudman was lauded by the UJA-Federation of New York and given the Humanitarian award.
Rudman has been named a Leading Lawyer in America, a Leading Plaintiff Financial Lawyer, a Leading Litigator in America, and included in the 500 Global Plaintiff Lawyers guide by Lawdragon.
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, 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, 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.