Phyllis Maza Parker
Phyllis Maza Parker, a Shareholder, concentrates her practice primarily on complex securities class action litigation, representing both individual and institutional investors. Her practice also includes commercial litigation.
Ms. Parker served on the team as co-lead counsel for the Class in In re Xcel Energy, Inc. Securities Litigation (D. Minn.). The case, which settled for $80 million, was listed among the 100 largest securities class action settlements in the United States since the enactment of the 1933-1934 Securities Acts. Among other cases, she has also served as co-lead counsel in In re Reliance Group Holdings, Inc. Securities Litigation ($15 million settlement); In re The Loewen Group, Inc. Securities Litigation ($6 million settlement); as lead counsel in In re Veeco Instruments Inc. Securities Litigation ($5.5 million settlement on the eve of trial); as co-lead counsel in In re Nuvelo, Inc. Securities Litigation ($8.9 million settlement); and, most recently, as co-lead counsel in Coady v. Perry, et al. (IndyMac Bancorp, Inc.) ($6.5 million settlement).
While studying for her J.D. at Temple, Ms. Parker was a member of the Temple Law Review. She published a Note on the subject of the Federal Sentencing Guidelines in the Temple Law Review, Vol. 67, No. 4, 1994, which has been cited by a court and in a law review article. After her first year of law school, Ms. Parker interned with the Honorable Dolores K. Sloviter of the United States Court of Appeals for the Third Circuit.
Ms. Parker is fluent in Hebrew and French.
As Lead Counsel, Ms. Parker was responsible for winning a $5.5 million dollar settlement in In re Veeco Instruments Inc. Secs. Litig., 05-md-01695 (S.D.N.Y.) which was litigated up to the eve of trial. In approving the settlement and award of attorneys’ fees, Judge McMahon commented:
This was a hard-fought battle. It was a well and at times bitterly litigated case. Plaintiff’s counsel was tenacious.
I think for the first time since I have gotten on the federal bench I can say that I am absolutely comfortable in every way in approving the settlement and also in approving the requested attorney fees award. The class counsel have put in an immense amount of time on this action. They deserve every dime they are going to get and probably some that they are not going to get….
I want to thank everybody for all the hard work you put in on the case, they were very interesting and well-done motion papers, for the fascinating experience of the final pretrial conference. I hope it was just as good for you as it was for me. It was one of those very, very intense days, but I could say afterward and my law clerks, my then law clerks said afterward that it was an incredibly intense enlightening experience. They were impressed with and commented on the professionalism of everybody involved.
Prominent Judgments and Settlements
- In re Xcel Energy, Inc. Securities Litigation (D. Minn.) ($80 million settlement;
- In re Reliance Group Holdings, Inc. Securities Litigation (S.D.N.Y.) ($15 million settlement);
- In re The Loewen Group, Inc. Securities Litigation (E.D. Pa.) ($6 million settlement);
- In re Veeco Instruments Inc. Securities Litigation (S.D.N.Y.) ($5.5 million settlement);
- In re Nuvelo, Inc. Securities Litigation (N.D. Cal.) ($8.9 million settlement);
- Coady v. Perry, et al. (IndyMac Bancorp, Inc.) (C.D. Cal.) ($6.5 million settlement).