Class Action Group Of The Year: Skadden

Law360, New York (January 26, 2011, 7:08 PM EST) -- As investors pointed fingers in the wake of the credit crisis, Skadden Arps Slate Meagher & Flom LLP convinced the courts that the actions of Societe Generale Group, Radian Group Inc. and the Canadian Imperial Bank of Commerce weren't to blame, one of several reasons the firm is one of Law360's Class Action Groups of 2010.

Plaintiffs in separate shareholder class actions had tried to pin their losses on the companies' alleged failures to disclose the extent of their exposure to risky subprime mortgages, but Skadden...
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