Mr. Dumain was co-lead counsel in the In re Tyco International, Ltd. Securities Litigation, No. 02-1335 (D.N.H.) in which $3.2 billion was recovered for investors. Mr. Dumain also served as lead counsel in the securities class actions against Nortel and Biovail, which are the highest and third-highest recoveries ever in cases involving Canadian companies. The Nortel settlement was valued at over $1 billion and Biovail settled for over $138 million in cash. Mr. Dumain successfully represented the City of San Jose, California against 13 of the City’s broker-dealers and its outside accountants in connection with major losses in unauthorized bond trading.
Mr. Dumain began his career as a law clerk to Judge Warren W. Eginton, United States District Court for the District of Connecticut 1981-1982. During the early years of his practice, he also served as an Adjunct Instructor in Legal Writing and Moot Court at Benjamin N. Cardozo School of Law.
Sanford P. Dumain has lectured for ALI-ABA concerning accountants’ liability and has prosecuted several actions against accounting firms.
Judge Janet C. Hall of the District of Connecticut made the following comment in In re Fine Host Corporation Securities Litigation, No. 97-2619 (D.Conn.): “The court also finds that the plaintiff class received excellent counseling, particularly from the Chair of the Plaintiffs’ Executive Committee, Attorney Dumain.”
Sanford P. Dumain is admitted to practice in the State of New York, United States District Court for the Southern, Eastern, and Western Districts of New York, District of Colorado, and District of Connecticut, and United States Courts of Appeals for the First, Second, Third, Sixth, Seventh, and Eighth Circuits.