Richard M. Heimann
Bet-the-Company Litigation
Bet-the-Company Litigation
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Richard M. Heimann is one of the nation’s foremost trial attorneys and skilled negotiators, with unparalleled experience in complex securities and investor fraud, antitrust and intellectual property, consumer protection, and personal injury and mass tort cases. Richard led Lieff Cabraser’s work in the Wells Fargo Shareholder Derivative Litigation and was appointed Co-Lead Plaintiffs’ Counsel in the case. In April 2020, the Court granted final approval to a settlement including a $240 million cash payment, the largest insurer-funded derivative settlement in history, and corporate governance reforms.Richard also supervised Lieff Cabraser’s landmark litigation against the tobacco industry on behalf of Massachusetts, California, and several other states. The litigation was resolved in 1998 as part of a record $206 billion master settlement agreement with the state Attorneys General. Richard has also successfully tried over 30 civil jury cases, highlighted by the FPI/Agretech and Edsaco securities class action trials, the Wells Fargo Bank overdraft fees consumer protection class action trial, and the LCDs antitrust class action. In April 2020, the Court granted final approval to a settlement including a $240 million cash payment, the largest insurer-funded derivative settlement in history, and corporate governance reforms. Richard also supervised Lieff Cabraser’s landmark litigation against the tobacco industry on behalf of Massachusetts, California, and several other states. The litigation was resolved in 1998 as part of a record $206 billion master settlement agreement with the state Attorneys General. Richard has also successfully tried over 30 civil jury cases, highlighted by the FPI/Agretech and Edsaco securities class action trials, the Wells Fargo Bank overdraft fees consumer protection class action trial, and the LCDs antitrust class action.
Recognized in Best Lawyers since 2007
Rebecca Kelly
When our company faced a high-stakes shareholder class action alleging securities fraud, the potential consequences were existential. We needed counsel with not just deep legal knowledge, but the strategic acumen and courtroom presence to navigate a bet-the-company scenario. In Richard Heimann, we found exactly that. His 53 years of experience were immediately apparent. He didn't just review our case; he deconstructed the plaintiff's arguments with a precision born from decades of trying complex securities matters. Mr. Heimann and his team at Lieff Cabraser conducted a forensic-level investigation, building a defense that was both legally impregnable and narratively compelling. His reputation as a skilled negotiator proved invaluable, allowing us to engage from a position of strength. While fully prepared for trial, his guidance led to a resolution that protected the company's future without the unpredictability of a jury. The recognition he has received, including being named Lawyer of the Year in Securities Litigation, is clearly well-deserved. Beyond his formidable expertise, his professionalism and direct, clear communication provided immense reassurance during an incredibly stressful period. He is the definitive example of a seasoned trial attorney.
Labor and Employment Law - Management Litigation - Labor and Employment