Richard A. Russo, Jr., a partner of the Firm, concentrates his practice in the area of securities litigation, and principally represents the interests of plaintiffs in class actions and complex commercial litigation.
Rick specializes in prosecuting complex securities fraud actions arising under the Securities Exchange Act of 1934 and the Securities Act of 1933, and has significant experience in all stages of pre-trial litigation, including drafting pleadings, litigating motions to dismiss and motions for summary judgment, conducting extensive document and deposition discovery, and appeals.
Rick has represented both institutional and individual investors in a number of notable securities class actions. These matters include:
-In re Bank of America Securities Litigation, where shareholders’ $2.425 billion recovery represents one of the largest recoveries ever achieved in a securities class action and the largest recovery arising out of the 2008 subprime mortgage crisis;
-In re Citigroup Inc. Bond Litigation, where the class’s $730 million recovery was one of the largest recoveries ever for claims brought under Section 11 of the Securities Act of 1933; and
-In re Lehman Brothers, where shareholders recovered $616 million from Lehman’s officers, directors, underwriters and auditors following the company’s 2008 bankruptcy filing.
Rick also played a key role in achieving significant recoveries for investors in Kraft Heinz Company ($450 million); General Electric ($362.5 million); and Luckin Coffee ($175 million).
In addition to prosecuting securities class actions, Rick has also assisted in prosecuting whistleblower actions, consumer class actions, and patent infringement matters.
Rick has been recognized as a Litigation Star by Benchmark Litigation. In 2016, Rick was also selected as an inaugural member of Benchmark Litigation’s Under 40 Hot List, an award meant to honor the achievements of the nation’s most accomplished attorneys under the age of 40. Rick was again selected as a member of the 40 & Under Hot List in 2018, 2019, and 2020. Rick has also been selected by his peers as a Pennsylvania Super Lawyers Rising Star on five occasions.
Updated Oct 2025
