Michael W. Stocker represents institutional investors in a broad range of class action litigation, corporate governance and securities matters.
A tireless proponent of corporate reform, Mike's caseload reflects his commitment to effect meaningful change that benefits his clients and the markets in which they operate. In Eastwood Enterprises LLC v. Farha et al. (WellCare Securities Litigation), Mike was a core part of the legal team that prosecuted a complex securities matter against a major healthcare provider that had allegedly engaged in a massive Medicaid fraud and pervasive insider trading. The case settled for more than $200 million with additional financial protections built into the settlement to protect shareholders from losses in the future.
Mike also was an instrumental part of the team that took on American International Group, Inc. and 21 other defendants in one of the most significant securities class actions of the decade. In that closely watched case, the Firm negotiated a recovery of more than $1 billion, the largest securities settlement of 2010. Most recently, Mike played a key role in litigating In re Bear Stearns Companies, Inc. Securities Litigation where the Firm secured a $275 million settlement with Bear Stearns, plus a $19.9 million settlement with Deloitte & Touche LLP, Bear Stearns' outside auditor (pending court approval).
In a case against one of the world's largest pharmaceutical companies, In re Abbott Laboratories Norvir Antitrust Litigation, Mike played a leadership role in litigating a landmark action arising at the intersection of antitrust and intellectual property law. The novel settlement in the case created a multi-million dollar fund to benefit nonprofit organizations serving individuals with HIV. In recognition of his work on Norvir, he was named to the prestigious Plaintiffs' Hot List by The National Law Journal and also received the 2010 Courage Award from the AIDS Resource Center of Wisconsin. Mike was also recognized by Benchmark Plaintiff as a Local Securities Litigation Star.
A prolific writer on issues relating to shareholder advocacy and corporate reform, Mike's articles have appeared in national publications including Bloomberg - Market Makers, Forbes.com, Institutional Investor, Pensions & Investments, Corporate Counsel and the New York Law Journal. He is also regularly called upon for commentary by print and television media, including Fox Business, BBC4 Radio and the Canadian Broadcasting Corporation's Lang & O'Leary Exchange. Mike was appointed to the Law360 Securities Advisory Board for 2013. He also serves as the Chief Contributor to Eyes On Wall Street, Labaton Sucharow's blog on economics, corporate governance and other issues of interest to investors. Mike also directly participates in advocacy efforts such as his longtime work guiding non-profit consumer protection groups on many issues such as reform of the credit rating industry.
Earlier in his career, Mike served as a senior staff attorney with the United States Court of Appeals for the Ninth Circuit, and completed a legal externship with federal Judge Phyllis J. Hamilton, currently sitting in the U.S. District Court for the Northern District of California. He earned a B.A. from the University of California, Berkeley, a Master of Criminology from the University of Sydney, and a J.D. from University of California's Hastings College of the Law. His educational background provides unique insight into white-collar crime, an issue at the core of many of the cases he litigates.
He is an active member of the National Association of Public Pension Plan Attorneys (NAPPA). He is also a member of the New York State Bar Association and the Association of the Bar of the City of New York.