Lawrence Deutsch

Biography

Lawrence Deutsch is a graduate of Boston University (B.A. 1973), George Washington University’s School of Government and Business Administration (M.S.A. 1979), and Temple University’s School of Law (J.D. 1985). He became a member of the Pennsylvania Bar in 1986 and the New Jersey Bar in 1987. He has also been admitted to practice in Eastern District of Pennsylvania, the First Circuit Court of Appeals, the Second Circuit Court of Appeals, the Third Circuit Court of Appeals, the Fourth Circuit Court of Appeals, Eleventh Circuit Court of Appeals and the U.S. Court of Federal Claims as well as various jurisdictions across the country for specific cases.

At Berger & Montague, Mr. Deutsch has been involved in numerous major shareholder class action cases. He served as lead counsel in the Delaware Chancery Court on behalf of shareholders in a corporate governance litigation concerning the rights and valuation of their shareholdings. Defendants in the case were the Philadelphia Stock Exchange, the Exchange’s Board of Trustees, and six major Wall Street investment firms. The case settled for $99 million and also included significant corporate governance provisions. Chancellor Chandler, when approving the settlement allocation and fee awards on July 2, 2008, complimented counsel’s effort and results, stating, “Counsel, again, I want to thank you for your extraordinary efforts in obtaining this result for the class.” The Chancellor had previously described the intensity of the litigation when he had approved the settlement, “All I can tell you, from someone who has only been doing this for roughly 22 years, is that I have yet to see a more fiercely and intensely litigated case than this case. Never in 22 years have I seen counsel going at it, hammer and tong, like they have gone at it in this case.”

Mr. Deutsch was one of principal trial counsel for plaintiffs in Fred Potok v. Floorgraphics, Inc., et al. (Phila Co. CCP 080200944 and Phila Co. CCP 090303768) resulting in an $8 million judgment against the directors and officers of the company for breach of fiduciary duty.

Over his 25 years working in securities litigation, Mr. Deutsch has been a lead attorney on many substantial matters. Mr. Deutsch served as one of lead counsel in the In Re Sunbeam Securities Litigation class action concerning “Chainsaw” Al Dunlap (recovery of over $142 million for the class in 2002). As counsel on behalf of the City of Philadelphia he served on the Executive Committee for the securities litigation regarding Frank A. Dusek, et al v. Mattel Inc., et al. (recovery of $122 million for the class in 2006).

Mr. Deutsch served as lead counsel for a class of investors in Scudder/Deutsche Bank mutual funds in the nationwide Mutual Funds Market Timing cases. Mr. Deutsch served on the Plaintiffs’ Omnibus Steering Committee for the consortium of all cases. These cases recovered over $300 million in 2010 for mutual fund purchasers and holders against various participants in widespread schemes to “market time” and late trade mutual funds, including $14million recovered for Scudder/Deutsche Bank mutual fund shareholders.

Mr. Deutsch has been court-appointed Lead or a primary attorney in numerous complex litigation cases: NECA-IBEW Pension Trust Fund et al v. Precision Castparts Corp., et al. (Civil Case No. 3:16-cv-01756-YY); Fox et al. v. Prime Group Realty Trust et al. United States District Court Northern District of Illinois (Civil Case No. 1:12-cv-09350) ($8.25 million settlement pending); served as court-appointed lead counsel in In Re Inergy LP Unitholder Litigation (Del. Ch. No. 5816-VCP ) ($8 million settlement).

Mr. Deutsch served on team of lead counsel in In Re: CertainTeed Fiber Cement Siding Litigation, E.D.PA. MDL NO. 11-2270 ($103.9 million settlement); Tim George v. Uponor, Inc., et al., United States District Court, District of Minnesota, Case No. 12-CV-249 (ADM/JJK), ($21 million settlement); Batista, et al v. Nissan North America, Inc., United States District Court, Southern District of Florida, Miami Division, Case No 1;14-cv-24728, (settlement valued at $65,335,970.00).

In addition to his litigation work, Mr. Deutsch has been a member of the firm’s Executive Committee and also manages the firm’s paralegals. He has also regularly represented indigent parties through the Bar Association’s VIP Program, including the Bar’s highly acclaimed representation of homeowners facing mortgage foreclosure.

Prior to joining the Berger firm, Mr. Deutsch served in the Peace Corps from 1973-1976, serving in Costa Rica, the Dominican Republic and Belize. He then worked for ten years at the United States General Services Administration.

Professional Leadership

  • Mr. Deutsch had been a member of the firm’s Administrative Committee and also manages the firm’s paralegals.

Business and Community Leadership

  • Board Member of the Koby Mandell Foundation (2011-2018)
  • Lower Merion Synagogue Treasurer, Board member, and program chairman (various roles 1985-2012)
  • Board Member of Tikvah Housing (2011-2012)
  • Friends of the Dominican Republic (Board member) (2009-2012)
  • Pathway Parents Association (President) (2005-2007)
  • Buildings Owners and Managers Association (member) (1979 – 1986)

Judicial Praise:

In Ginsburg v. Philadelphia Stock Exchange, Chancellor Chandler, when approving the settlement allocation and fee awards on July 2, 2008, complimented counsel’s effort and results, stating:

“Counsel, again, I want to thank you for your extraordinary efforts in obtaining this result for the class.” The Chancellor had previously described the intensity of the litigation when he had approved the settlement, “All I can tell you, from someone who has only been doing this for roughly 22 years, is that I have yet to see a more fiercely and intensely litigated case than this case. Never in 22 years have I seen counsel going at it, hammer and tong, like they have gone at it in this case.”

Prominent Judgements and Settlements

  • Served as co-lead counsel in Potok v. Rebh, a corporate governance suit against four directors and officers of FLOORgraphics, Inc. alleging that the individual Defendants breached their fiduciary duties by authorizing and accepting payments to themselves in connection with a March 2009 transaction entered into as part of the settlement of a lawsuit by the company against News Corp. subsidiary, News America Marketing. On September 16, 2014, following a complete trial prosecuted by Berger & Montague, Judge Albert John Snite of the Philadelphia Court of Common Pleas (Commerce Division) entered a verdict for a total of $12,000,000 in favor of the Plaintiffs that was modified to $8,000,000 on a subsequent motion. This case was the ninth largest PA verdict of 2014.
  • Ginsburg v. Philadelphia Stock Exchange (settled for $99 million and also included significant corporate governance provisions)
  • In re Sunbeam Securities Litigation (served as lead counsel and obtained recovery of over $142 million for the class in 2002)
  • Deutsch served as Lead Counsel for a class of investors in Scudder/Deutsche Bank mutual funds in the nationwide Mutual Funds Market Timing cases. These cases recovered over $300 million for mutual fund purchasers and holders against various participants in a widespread schemes to market time and late trade mutual funds. Mr. Deutsch served on the Plaintiffs’ Omnibus Steering Committee for the consortium of all cases, and recovered $14 million for Scudder/Deutsche Bank mutual fund shareholders.
  • As counsel for the City of Philadelphia he served on the Executive Committee for the securities litigation regarding Frank A Dusek, et al v. Mattel Inc., et al. (recovery of $122 million for the class in 2006).

Credentials

Education:

Law School

Temple University Beasley School of Law, J.D., 1985

Undergraduate

Boston University, B.A., 1973

Graduate

George Washington University Graduate School of Government and Business, M.S.A. 1979

Honors & Awards:


  • AV Peer Review Rated, Martindale Hubbell, representing the highest rating for professional excellence, 1995-2016

  • Designated a “Pennsylvania Super Lawyer” by Philadelphia and Law and Politics magazines, a distinction awarded to only 5% of the attorneys in the state in recognition of his extensive securitization experience, 2006- 2007, 2009-2018

  • First Judicial District of Pennsylvania, Pro Bono Roll of Honor


Publications


  • Allocation Plan Upheld in PHLX Case, The Class Act (Feb. 20, 2009)

  • Evolution Toward Merits and Class Discovery, American Bar Association (Feb. 9, 2015)


Admissions

Member – Pennsylvania Bar

Member – New Jersey Bar


Admitted – Eastern District of Pennsylvania

Admitted – First Circuit Court of Appeals

Admitted – Second Circuit Court of Appeals

Admitted – Third Circuit Court of Appeals

Admitted – Fourth Circuit Court of Appeals

Admitted – Eleventh Circuit Court of Appeals

Admitted – United States Court of Federal Claims


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