Lane L. Vines

Biography

Lane L. Vines’s practice is concentrated in the areas of securities/investor fraud, consumer and qui tam litigation.  For more than 17 years, Mr. Vines has prosecuted both class action and individual opt-out securities cases for state government entities, public pension funds, and other large investors. Mr. Vines also represents consumers in class actions involving unlawful and deceptive practices, as well as relators in qui tam, whistleblower and False Claims Act litigations.  Mr. Vines is admitted to practice law in Pennsylvania, New Jersey and numerous federal courts.

Mr. Vines also has experience in the defense of securities and commercial cases.  For example, he was one of the firm’s principal attorneys defending a public company which obtained a pre-trial dismissal in full of a proposed securities fraud class action against a gold mining company based in South Africa.  See In re DRDGold Ltd. Securities Litigation, 05-cv-5542 (VM), 2007 U.S. Dist. LEXIS 7180 (S.D.N.Y. Jan. 31, 2007).

During law school, Mr. Vines was a member of the Villanova Law Review and served as a Managing Editor of Outside Works.  In that role, he selected outside academic articles for publication and oversaw the editorial process through publication.

Prior to law school, Mr. Vines worked as an auditor for a Big 4 public accounting firm and a property controller for a commercial real estate development firm, and served as the Legislative Assistant to the Minority Leader of the Philadelphia City Council.

Mr. Vines has achieved the highest peer rating, “AV Preeminent” in Martindale-Hubbell for legal abilities and ethical standards. Mr. Vines is admitted to practice law in Pennsylvania, New Jersey and several federal courts.

Professional Leadership

  • Villanova Law J. Willard O’Brien American Inn of Court, Pupillage Team Captain and Master member, 2004 to present
  • Villanova Law School, Guest lecturer in “Accounting for Lawyers” course, 2012 & 2011

Business and Community Leadership

  • He served as the Vice Chairman/Member of the Ethics Board of Radnor Township (Pennsylvania) from January 2014-December 2017.
  • He currently serves as an Assistant Scoutmaster and Merit Badge Counselor for Boy Scout Troop Paoli 1 in Wayne, PA.
  • Previously, he has served as a member of the Planning Commission for Narberth Borough (Pennsylvania), as well as an officer or director and participated in numerous other civic organizations.

Prominent Judgments and Settlements

  • Dodona I, LLC v. Goldman, Sachs & Co., No. 10-cv-7497, 296 F.R.D. 261 (S.D.N.Y. 2014) ($27.5 million class settlement involving collateralized debt obligations offerings)
  • Vasco v. PHRG No. 15-cv-4623 (E.D. Pa.) ($5.2 million class recovery)
  • Pa. Pub. School Employees’ Ret. Sys. v. Citigroup Inc., No. 05028, Jan. Term, 2011 (Pa. Common Pleas Ct.-Phila.) (confidential settlement)
  • In re NetBank, Inc. Secs. Litig., No. 07-cv-2298-TCB (N.D. Ga.) (class recovery of $12.5 million, where target company was in bankruptcy)
  • In re Bayou Hedge Funds Investment Litig., No. 06 MDL 1755 (CM) (S.D.N.Y.) (confidential settlements involving hedge fund fraud)
  • Breakaway Solutions, Inc. v. Morgan Stanley & Co., C.A. No. 19522-NC (Del. Ch.) (confidential settlement involving IPO)
  • Pa. Pub. School Employees’ Ret. Sys. v. Time Warner Inc., No. 002103, July Term, 2003 (Pa. Common Pleas Ct.-Phila.) ($23 million settlement in securities opt-out action)
  • In re Aerosonic Corp. Secs. Litig., No. 03-cv-2373-T-24 SCB-TBM (M.D. Fla.) ($5.35 million class recovery, approximately 65% of claimed investor losses)
  • Kelly v. McKesson HBOC, Inc., C.A. No. 99C-09-265 WCC (Del. Super.) (confidential settlement in securities opt-out action)
  • In re Merrill Lynch & Co., Inc. Research Reports Secs. Litig. 02 MDL 1484 (JFK) (S.D.N.Y.) ($15 million recovery in securities class action involving analyst research)
  • In re Merrill Lynch & Co., Inc. Secs., Deriv. and ERISA Litig. No. 07-cv-9633 (S.D.N.Y.) ($475 million recovery in securities class action involving subprime exposures)
  • Sapir v. Delphi Ventures, No. 99-cv-8086-JORDAN (S.D. Fla.) ($3.8 million recovery, yielding net recovery of approximately 50% of claimed losses)
  • In re Waste Management, Inc. Secs. Litig., No. H-01-4381 (S.D. Tex.) (confidential settlement in securities opt-out action)
  • In re DRDGold Ltd. Secs. Litig., No. 05-cv-5542 (VM) (S.D.N.Y.) (successfully defended public gold mining company based in South Africa, obtaining early pre-trial dismissal in full of proposed securities fraud class action)

Credentials

Education:

Undergraduate

University of Wisconsin-Madison, B.B.A.-Accounting, graduated with distinction

Graduate

Villanova University School of Law, J.D.

Honors & Awards:


  • “AV Preeminent” Peer Review Rated, Martindale Hubbell, representing the highest rating for professional excellence in legal abilities and ethical standards.

  • During his undergraduate studies at the University of Wisconsin, he was a member of several honor societies including Beta Alpha Psi, Beta Gamma Sigma, Phi Kappa Phi and Golden Key


Publications


  • “On the Track to Victory” (Practice before the Judicial Panel on Multidistrict Litigation), J. Williard O’Brien American Inn of Court (Team member), CLE presentation (February 13, 2018)

  • “Securities Fraud Class Actions: A Primer for Certified Fraud Examiners,” Philadelphia Chapter of the Association of Certified Fraud Examiners, CLE presentation (February 6, 2018)

  • “Securities Fraud Class Actions: A Bird’s Eye View for Attorneys and CPAs,” Delaware County (Pennsylvania) Attorney CPA Forum, CLE presentation (May 3, 2017)

  • “The Inside Scoop of a Defamation Claim in a Hostile Political Environment,” J. Williard O’Brien American Inn of Court (Team Member), CLE presentation, (February 21, 2017)

  • “Janus Capital Group, Inc. v. First Derivative Traders: Let the ‘Maker’ Beware,” American Law Institute – Securities and Shareholder Litigation 2016: Cutting-Edge Developments, Planning, and Strategy, CLE article (March 31, 2016)

  • “The Art of the Deal” (Mergers and Acquisitions), J. Williard O’Brien American Inn of Court (Team Captain), CLE presentation (March 8, 2016)

  • “Communication from the Plaintiff’s Perspective” (Attorney Ethics), J. Williard O’Brien Inn of Court (Team Captain), CLE presentation (January 13, 2015)


Admissions

Member – Pennsylvania Bar

Member – New Jersey Bar


Admitted – United States Supreme Court

Admitted – Third Circuit Court of Appeals

Admitted – Eastern District of Pennsylvania

Admitted – District of New Jersey


Clerkships

Honorable James R. Melinson, Chief U.S. Magistrate Judge for the Eastern District of Pennsylvania


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