Wyman is known for her aggressive lawyering, tenacity and hard work, as demonstrated by the securities fraud lawsuit she and her team at Robbins Geller Rudman & Dowd brought against two former executives at Dana Holding Corp.
The class action suit filed in October 2005 claimed that Dana's former CEO and former chief financial officer knowingly misled investors about the company's financial problems. It accused the officers of manipulating the company's financial records and overstating assets by as much as $1 billion in filings with the U.S. Securities and Exchange Commission. Dana's true financial status emerged in September 2005, causing its stock to drop by more than 70 percent before the company filed for bankruptcy in March 2006. Plumbers & Pipefitters National Pension Fund v. Burns, 3:05-cv-07393-JGC (N.D. Ohio, Nov. 30, 2016).
Wyman had successfully appealed to the 6th Circuit Court of Appeals twice, reversing the district court's dismissal of the action. Last November, after 11 years of hard-fought litigation, she secured a $64 million settlement for the class.
"It was sort of the little case that could. No one really expected anything of that case," she said. "At every turn, we just kept plugging away. And at the end of the day, we got back for our class members 25 to 30 percent of their money before the company went bankrupt."
Wyman has litigated cases against public companies in state and federal courts, resulting in more than $1 billion in securities fraud recoveries. Other high-profile cases include Schuh v. HCA Holdings Inc., which resulted in a $215 million recovery for shareholders, the largest securities class action recovery ever in Tennessee.
She also litigated In re HealthSouth Corp. Securities Litigation, a complex securities and accounting fraud case in which investors lost billions of dollars. Wyman and her firm were able to recover $671 million for defrauded HealthSouth Corp. investors - one of the largest settlements in securities class action history.
— Jennifer Chung Klam
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