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About:
Patricia I. Avery is a partner of Wolf Popper. She holds a B.A. from
New York University (1973) and is a graduate of New York University
School of Law (J.D., 1976), where she was a staff member and then an
editor of the Moot Court Board. Since graduation from NYU, she has
specialized in securities and other complex civil litigation,
including antitrust, consumer fraud, qui tam, and environmental. Ms.
Avery has had sole or major responsibilities for many leading
decisions in the securities field and in the general area of Federal
Civil Procedure.
Since joining Wolf Popper in 1982, Ms. Avery has been involved
principally in securities (both derivative and class action) and
antitrust litigation. In addition to playing major roles in many of
the leading decisions and substantial judgments obtained by the Firm
over the years, she has had sole or principal responsibility at the
Firm for numerous securities and class action cases in which the
Firm was appointed lead or co-lead counsel for plaintiffs,
including, among many others,
- Thurber v. Mattel, Master File No. CV-99-10368-MRP(CWx) (C.D. Cal.) (§10(b) claims) and Dusek v. Mattel, Master File No. CV-99-10864-MRP(CWx) (C.D. Cal.) (§14(a) claims), Wolf Popper was a member of the Executive Committee of Plaintiffs' counsel, but was also specifically appointed by the Federal Court to have primary responsibility for the prosecution of the Dusek v. Mattel §14(a) claims. After more than three years of extremely hard-fought litigation, including two rounds of motions to dismiss, the production of millions of documents, and the taking or defending of more than 40 depositions, both cases settled for the aggregate sum of $122 million, with $61 million allocated for the Dusek v. Mattel §14(a) claims, believed to be the largest settlement of a §14(a) case. Upon approving the settlement, the Judge complimented counsel saying that the settlement was an "awfully good result."
- Stanley v. Safeskin, Lead Case No. 99cv454-BTM(LSP)(Consolidated) ($55 million settlement approved by the Court in March 2003, in which the Court complimented plaintiffs' co-lead counsel for their work, noting that plaintiffs’ co-lead counsel "are highly skilled in these cases," who "vigorously" and "diligently" prosecuted the case and "procured an exceptional award for the class," and that they had a "great deal of experience in class action litigation" and are "highly regarded in this area of the law"; indeed, the Judge noted "I was kind of looking forward to trying this case, because it would have the best lawyers in the country trying this case. . . .");
- In re Grand Casinos, Inc. Sec. Litig.,
Master File No. 4-96-890 (JRT/RLE) (settlement of $9 million
approved in August 2001, one of the very early decisions sustaining
various claims brought under the Private Securities Litigation
Reform Act of 1995, finding that plaintiffs met the rigorous
pleading standards of the then new Act, 988 F. Supp. 1270 (D. Minn.
1997));
- Jonas v. Aspec Technology, Inc., Lead Case No. CV775037
(Superior Court of the State of California, County of Santa Clara
(settlement of $13 million, plus 1.75 million shares of stock
approved in 2001);
- In re Adac Laboratories Sec. Litig., Master File
No. C-98-4934-MHP (settlement of $20 million in 2000);
- Polikoff v.
Eamer, Case No. BC039354 (Superior Court, Los Angeles, Cal.)
(settlement of $11 million, plus equitable and therapeutic relief in
1996);
- PS Group Inc. Sec. Litig., Master File No. 93-2046 (C.D.
Ill., October 1995) (settlement of $5 million);
- In re Pacific
Enterprises Sec. Litig., CV920841 JSL (EEx) (C.D. Ca., March 28,
1994) (settlement of $35 million--where the Judge complimented
plaintiffs' co-lead counsel as being "outstanding lawyers" who
"could not be improved on for this kind of litigation," and "this
group of lawyers merits it [respect].");
- Abzug, et ano. v. Kerkorian,
et al., CA 000981 (Superior Court, Los Angeles, Cal.) (in which Ms.
Avery was co-trial counsel in an action settled in 1990 during trial
for $35 million);
- In re American Southwest Mortgage Sec. Litig.,
Civ. 89-462 TUC RMB (D. Az. 1992) (settlement of $5.2 million);
- Grobow v. Dingman, Civil No. 575076 (Superior Court, San Diego,
Cal.) and Civil No. 87-0889 JLI (IEG) (S.D. Cal.) (settlement
comprised of monetary and equitable relief valued by experts at in
excess of $52 million); and
- Weinberger v. Shumway, Civil No. 547586
(Superior Court., Cal.) (derivative settlement in 1986 comprised of
damages and equitable relief valued at in excess of $20 million)-.
Ms. Avery also has significant trial experience, serving as trial or
co-trial counsel in numerous cases. Ms. Avery was the sole lead
trial counsel in the defense of a $100 million arbitration on behalf
of an international airline that was in arbitration hearings in 1998-1999, successfully reducing damages 99% before settlement. She
was also co-trial counsel in, among other cases, Abzug, et ano. v.
Kerkorian, et al, in Superior Court, Los Angeles, California, and
Citron v. E.I. duPont de Nemours & Co. in Delaware Chancery Court
(co-trial counsel with a senior partner of the Firm) in which the
Vice-Chancellor complimented counsel "for the able way in which they
presented the case" and the "good job" done.
Ms. Avery was an annual contributor to the Survey of Securities
Class Actions and Derivative Suits, American Bar Association,
Litigation Section, Securities Litigation Committee, Subcommittee, from
1996 through 2001. She is also the co-author of "To Stay or Not to
Stay," Practicing Law Institute (1996); "Selection of Lead Plaintiff
Under the Private Securities Litigation Reform Act of 1995,"
Practicing Law Institute (1996); as well as the co-author (or ghost
writer) of a number of other articles on securities law practice and
procedure published by the Practicing Law Institute;"The State Court
Class Action--A Potpourri of Differences," The Forum, ABA, Vol. XX,
No. 4, Summer 1985; and "Proving Damages in Non-Class Securities
Cases," presented at the Commercial Law section of the Association of
Trial Lawyers of America, annual convention, July l986. She was admitted
to the New York bar in January 1977.
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CONTACT:
Telephone:
(212) 451-9619
Facsimile:
(212) 486-2093
(877) 370-7704
Email:
pavery@wolfpopper.com
Education:
New York University School of Law (J.D., 1976)
New York University (B.A., 1973)
Admissions:
New York
United States Supreme Court
U.S. Circuit Courts of Appeal
(including the Second, Third, Fifth, Seventh, Eighth, Ninth, and Eleventh Circuits)
Southern and Eastern Districts of New York
Northern District of Texas
Central District of Illinois
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