Edward Y. Kroub is a seasoned litigation partner at Mizrahi Kroub LLP who works in the Firm’s Manhattan office and serves as co-chair to the Firm’s consumer finance departments (FCRA, FDCPA, TILA and UDAP). For five consecutive years (2014-2018), Mr. Kroub has been recognized as a “Rising Star” among class-action litigation attorneys in New York by Super Lawyers.
Mr. Kroub earned his Bachelor of Arts degree in Psychology from Brooklyn College in 2001, where he graduated with national honors. Mr. Kroub earned his Juris Doctor degree from New York Law School in 2004, and was the recipient of the Bert and Blanche Vann Memorial Scholarship.
Mr. Kroub was admitted to practice in the State of New York in 2005. Mr. Kroub was associated with a premier class-action firm from 2005 through 2007 and during that time was a member of the litigation teams prosecuting various commodities manipulation, antitrust and securities class actions. Representative class -action results from actions during that period include: In re TFT-LCD (Flat Panel) Antitrust Litigation ($1.1 billion total settlement on behalf of indirect purchasers harmed by a price-fixing conspiracy among TFT-LCD manufacturers); In re Natural Gas Commodities Litigation ($101 million settlement on behalf of class members providing them with 100% of their net artificiality paid); Kohen v. PIMCO ($118 million settlement, which is the second largest class action recovery in the history of the Commodity Exchange Act); Fiala v. Metropolitan Life Insurance Company ($50 million combined settlement million to resolve both the federal and state cases); and In re IPO Antitrust Litigation (antitrust class-action alleging Wall Street conspiracy that climbed the federal appellate ladder and was ultimately argued before the Supreme Court of the United States in 2007).
Subsequently, Mr. Kroub joined Robbins Geller Rudman & Dowd LLP – the nation’s largest plaintiffs’ class action litigation firm – where for seven years his practice primarily focused on representing institutional (including public and multi-employer pension funds) and individual investors in Securities/ERISA class actions, corporate takeover and shareholder derivative suits against publicly-traded Fortune 500 companies and numerous Madoff feeder funds. Mr. Kroub was also appointed as class-counsel in consumer law class actions alleging that defendants engaged in unfair and deceptive acts and practices against consumers. Representative class-action results from cases during that period include: Litwin v. Blackstone Group, L.P. ($85 million settlement in a securities class action against one of the world’s largest private equity firms and its top executives, which settled on the eve of trial); In re Tremont Securities Law, State Law and Insurance Litigation, ($100+ million settlement as lead counsel on behalf of investors in a family of Madoff feeder-funds); In re Delphi Fin. Grp. Shareholders Litigation ($49 million post-merger settlement for Class A Delphi shareholders); In Re: Meridian Funds Group Securities & ERISA Litigation (after surviving motion to dismiss and discovery, secured a $6.1 million recovery for investors in a Madoff feeder fund); In re Austin Capital Mgmt., Ltd., Securities & ERISA Litigation ($6.85 million recovery against Austin Capital and its parent corporation Key Corp based on their investment of plan assets in a Madoff feeder fund. Mr. Kroub recovered nearly 90% of losses for investors, and in connection with this lawsuit, Mr. Kroub met with and interviewed Bernie Madoff in federal prison); In re Celestica, Inc. Securities Litigation ($30 million settlement company on behalf of institutional investor plaintiffs and the class alleging violations of the federal securities laws); In re Chemed Corp. Securities Litigation ($6 million cash settlement on behalf of institutional investor plaintiffs and the class alleging violations of the federal securities laws); In re Virgin Media Inc. Shareholders Litigation (shareholder suit challenging the sale of Virgin Media to Liberty Global, Inc., where Defendants ultimately agreed to significantly reduce the deal protections that impaired competing bids, including by making it much easier for Virgin Media to share due diligence information with other potential bidders, limiting Liberty’s matching rights from unlimited to only one round, and reducing the termination fee by $100 million); Krawczynski v. Kayak Software Corp. (obtaining significant disclosures for the benefit of stockholders in an action challenging the acquisition of Kayak by Priceline); In re Sunoco, Inc. Shareholders Litigation (settlement required Sunoco to publish an update to its Proxy Statement to correct for material omissions); and Kurtz v. Kimberly-Clark Corporation (an ongoing consumer law class-action litigation against companies manufacturing “flushable” wipes).
Mr. Kroub most recently served as a partner at Lovell Stewart Halebian Jacobson LLP, a top class-action firm specializing in antitrust, commodities and securities litigation. Mr. Kroub served as vice chairman of the firm’s securities litigation department, and in that role spearheaded the firm’s institutional investor outreach program, frequently advising investors, including public and multi-employer pension funds, on issues related to corporate fraud in the United States securities markets. Mr. Kroub and the firm also served as co-lead counsel and recovered over $600 million for classes in antitrust litigation alleging the manipulation of financial benchmarks, including the London Interbank Offered Rate (“LIBOR”), the Euro Interbank Offered Rate (“Euribor”), and the Australian Bank Bill Reference Rate (“BBSW”).