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Robert S. Schachter

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Mr. Schachter, a co-founding partner of Zwerling Schachter, has been a litigator for over thirty-five years, practicing in the areas of securities, antitrust and consumer class action litigation since 1973.

Prior to the formation of Zwerling Schachter, Mr. Schachter was associated and a partner of the firm now known as Labaton Sucharow LLP. Mr. Schachter has extensive experience in all phases of complex litigation. He has been involved in many settlement negotiations, as well as the drafting of complex settlement documents, and has particular expertise in the administration of class settlements.

Mr. Schachter has tried securities class actions as both plaintiffs’ counsel and defendants’ counsel. Mr. Schachter has had significant roles in very high profile cases including: Anwar v. Fairfield Greenwich Limited, S.D.N.Y., Master File No. 09-cv-118 (VM) and In re Santander Optimal Securities Litigation, S.D. Fla., Case No. 1:09-cv-20215-PCH, which seek recovery on behalf of investors in “feeder funds” that, in turn, invested with Bernard L. Madoff Securities, LLC. Mr. Schachter also represents and has represented investors in In re Citigroup Auction Rate Securities Litigation, S.D.N.Y., Civ. No. 1:08-CV-3139 (LTS); In re Pacific Scientific Securities Litigation, C.D. Cal., No. SACV-96-1106-LHM(EEx); In re Horizon/CMS Healthcare Corporation Securities Litigation, D.N.M., Master File No. 96-044 BB/LCS; In Re American Pacific Securities Litigation, D. Nev., CV-S-93-00576-PMP; In Re Foodmaker/Jack-in-the-Box Securities Litigation, W.D. Wash., No. C93-517WD; In re Ames Department Stores, Inc. Stock Litigation, D. Conn., 90-00027 (PCD); and In Re: General Development Corporation Securities Litigation, S.D. Fla., 90-069.

Mr. Schachter was appointed by former Chief Judge William Browning as Proof-of-Claim Counsel in connection with the loss analysis in In re Washington Public Power Supply System Securities Litigation, MDL 551, in the United States District Court for the District of Arizona. In that matter, which settled for over $780 million, former United States District Judge Nicholas J. Bua, as Special Master appointed by the Court, stated: “I find that the services of Mr. Schachter were efficiently and reasonably performed by him personally. Mr. Schachter specifically was appointed by the Court to serve as Claims Counsel. It was not unreasonable for a senior partner like Mr. Schachter, with his vast knowledge of the case, to directly oversee the claims administration process rather than relying upon less knowledgeable junior attorneys. The class received its money’s worth for Mr. Schachter’s services.”


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