David Harrison is a partner of the firm. Mr. Harrison has more than twenty years experience prosecuting complex class and individual actions on behalf of large investors, policyholders, consumers, and ERISA plan participants.
Mr. Harrison prosecuted the class action In re Juniper Networks Securities Litigation, which involved a $900 million financial restatement resulting from the concealed backdating of millions of stock options. In April and May 2010, respectively, the Court approved a $169,000,000 settlement with Juniper and certain officers and directors, and a $500,000 settlement with Ernst & Young LLP, the company’s auditors.
Mr. Harrison prosecuted the class action In re Luminent Mortgage Capital, Inc. Securities Litigation, which resulted from the collapse of Luminent Mortgage Capital, a company that invested in leveraged mortgage backed securities and mortgage loans. In April 2009, the Court approved the $8,000,000 settlement of claims against Luminent and its senior officers and directors.
Mr. Harrison played a leading role in the WorldCom Securities Litigation, where the firm's clients recovered 100 percent of their Securities Act damages sustained from their investment in WorldCom's defaulted bonds. Mr. Harrison also has extensive expertise pursuing claims against third parties involved in the insolvency and bankruptcy of large financial institutions such as First Executive Life Insurance Company; Mutual Benefit Life Insurance Company; Reliance Insurance Company; and First Central Insurance Company.
Mr. Harrison served as co-counsel in a recently settled ERISA class action against Computer Associates arising out of the mishandling of employee pension funds. He has also litigated claims on behalf of institutional shareholders against corporate insiders for breach of fiduciary duty in connection with "going private" transactions.
Along with Barbara Hart, Mr. Harrison recently published the article “Another Alarm Blasts as The Second Circuit Rejects Class Action Tolling of the Statutes of Repose” in the third quarter 2013 edition of The NAPPA Report, the journal of the National Association of Public Pension Attorneys. Mr. Harrison also co-authored “Don’t Bend ‘American Pipe’” New York Law Journal, November 7, 2012 as well as “NECA-IBEW Health & Welfare Fund v. Goldman Sachs & Co.: The Implications on Class Standing and Why We Should Think About Amici Support Now,” The NAPPA Report, Vol. 26, Number 4, November 2012.
Mr. Harrison holds both a J.D. (1980) and L.L.M. (1982) from the New York University School of Law and is a graduate of Villanova University. Mr. Harrison is admitted to practice in New York, and is a member of the bar of the U.S. Courts of Appeals for the 2nd, 7th, 8th and 9th Circuits; and the U.S. District Courts for the Southern and Eastern District of New York.