Patrick L. Rocco - Partner
Patrick L. Rocco is a cum laude graduate of Rutgers Law School and received his undergraduate degree, cum laude, from Rutgers College, Rutgers University. While in law school, Mr. Rocco was an Associate Articles Editor for the Rutgers Law Review. Following law school, Mr. Rocco served as Law Clerk to United States District Judge Dickinson R. Debevoise in the District of New Jersey. Mr. Rocco regularly represents plaintiffs and defendants in sophisticated litigations and arbitrations throughout the country. He has served as lead counsel in numerous large, complex securities and common law fraud actions and frequently represents entrepreneurs, venture capital firms and large investors in significant matters arising from alleged breaches of merger agreements and product development agreements and in cases involving alleged securities fraud and other business torts. Mr. Rocco also counsels and represents prominent bond funds, and institutional investors. He is special counsel to some of the country's largest state pension funds, and he has been heavily involved in the litigation of some of the largest securities fraud actions ever brought in this country.
Mr. Rocco began his career in private practice as an associate with the New York City law firm of Cahill Gordon & Reindel for five years, where his practice focused primarily upon federal securities law and commercial litigation. From 1995 to 2001, Mr. Rocco served as an Assistant U.S. Attorney in the District of New Jersey, prosecuting and/or trying numerous cases, including securities fraud, bank fraud, mail fraud, insurance fraud and tax fraud cases. Mr. Rocco's outstanding achievements at the U.S. Attorney's office resulted in several awards and honors, including the U.S. Attorney's Special Achievement Award following the successful trial and conviction of six defendants in a cocaine, firearms and kidnapping conspiracy, and in which two of the defendants were sentenced to life without parole. That case also culminated in a published opinion by the U.S. Supreme Court in United States v. Jacinto Rodriguez-Moreno, 526 U.S. 275 (1999), wherein the Supreme Court reversed the Court of Appeals and reinstated the only conviction to have been previously reversed in the case. In 1996, Mr. Rocco received a Letter of Commendation from the Director of the FBI for the successful trial and fraud conviction of a high-ranking official of the company that ran the New York and New Jersey state lotteries, resulting in a substantial prison term. In September 1998, Mr. Rocco was nominated by the U.S. Attorney for the District of New Jersey to be an instructor at the U.S. Department of Justice's Trial Advocacy Institute. In January 2001, Mr. Rocco received the U.S. Inspector General's Integrity Award for his outstanding achievements in the successful prosecution of healthcare fraud.
In 2001 and 2002, Mr. Rocco was associated with the law firm of Milberg Weiss, where he played a leading role in prosecuting various securities class action lawsuits, including In re: Lucent Technologies Securities Litigation, which culminated in a settlement of more than $600 million.
At SBR, Mr. Rocco recently led the litigation that recovered $85 million on behalf of public pension funds who opted out of class action litigation to pursue their own private suit for civil RICO and securities fraud violations against Tyco International Ltd. and its former officers and auditors. Those settlements were the result of several years of hard fought litigation and reflect a recovery of more than 50 times what the firm's pension fund clients would have received had they chose to participate in the related class action settlement.
Mr. Rocco was co-lead counsel in the class action litigation that led to a recovery of $180 million for investors in the Lernout & Hauspie Securities Litigation. The settlements in that case included a $115 million recovery from KPMG, which at the time was the third-highest settlement with an accounting and auditing firm in a U.S. securities fraud action.
In addition to his work on behalf of plaintiffs in the foregoing matters, Mr. Rocco regularly represents corporations, venture capital firms, investment funds, entrepreneurs and other individuals in a variety of commercial litigations and arbitrations. Recent commercial litigation and arbitration matters in which Mr. Rocco has served as counsel include:
- Representing the former shareholders of a start-up medical device company in an arbitration involving claims that a large, public company failed to fulfill its contractual obligation to develop the plaintiffs' innovative product for use in connection with stenting procedures;
- Pursuing claims on behalf of investors that invested in auction rate securities that failed at auction, leaving investors holding illiquid securities with minimal value;
- Defending alleged efforts to monopolize the market for the installation of telecommunications equipment and wiring in New York City;
- Representing company that sold a promising product to a large, public corporation that allegedly failed to fulfill post-sale obligations to develop the sellers' product for commercial purposes.
Mr. Rocco is a frequent lecturer on securities fraud litigation and federal discovery practices. Most recently, in 2011 Mr. Rocco appeared as a guest lecturer at Fordham Law School to discuss deposition techniques, as a panelist to discuss recent developments in securities fraud litigation at an ABA CLE conference at Seton Hall Law School and to discuss the whistleblower provisions of the recently passed Dodd Frank securities legislation at a New York City CLE advanced forum of the American Conference Institute.
Mr. Rocco is admitted to practice in New York and New Jersey, as well as the U.S. Supreme Court, the U.S. Courts of Appeal for the First, Second and Third Circuits and the United States District Courts for the Southern District of New York and the District of New Jersey
Areas of Practice:
- Commercial Litigation
- Securities Law
- Consumer Fraud Statutes
- White Collar Criminal Defense
- New York
- New Jersey
- U.S. District Court Southern District of New York
- U.S. District Court District of New Jersey
- U.S. District Court Northern District of New York
- U.S. Supreme Court
- U.S. Court of Appeals 1st Circuit
- U.S. Court of Appeals 2nd Circuit
- U.S. Court of Appeals 3rd Circuit
Rutgers, The State University of New Jersey School of Law - Newark, Newark, New Jersey
J.D. (Cum Laude) - 1988
Law Review: Rutgers Law Review, Associate Articles Editor
B.A. (Cum Laude) - 1985
Honors and Awards:
- U.S. Attorney's Special Achievement Award
- U.S. Inspector General's Integrity Award