The Bruno Firm
Client Wins
Investor Class Settlement of $1.078 Billion
In re Life Partners, Inc.
The Bruno Firm represented a class of investors who had purchased viatical and life settlements from Life Partners, Inc. and secured a settlement with an actual monetary value of approximately $1.078 billion. Investors had been promised outsized returns in exchange for their investments, but these representations were based on false and misleading information. Life Partners had not registered its life and viatical settlements as securities, skirting regulations and luring investors to hand over billions of dollars under false pretenses. This settlement is one of the largest in U.S. history for the sale of unregistered securities. The Life Partners case is widely acknowledged as the largest settlement of a case involving the sale of unregistered securities, and with benefits to the class valued at over a billion dollars, ranks among the largest settlements of any securities lawsuit in history.
Ramsey, et al. v Landstar Ranger, Inc., et al.
Klint Bruno and others obtained a $730 million jury verdict on behalf of the family of a 73-year-old great grandmother who was killed when a commercial vehicle crashed into her automobile. The jury awarded $480 million in compensatory damages and $250 million in punitive damages for failing to safely navigate a narrow Texas bridge while hauling an almost 200,000 pound submarine propeller. For his efforts, Klint was recognized as having achieved one of the top ten jury verdicts in the country in 2021.
$730 Million Jury Verdict in Wrongful Death Case
precedent-setting class action on behalf of mutual fund shareholders
Kircher v Putnam Funds Trust, et al.
Klint Bruno and others represented mutual fund shareholders in seventeen class action cases in various state and federal courts based on the defendants' mispricing of mutual funds for almost a decade which diluted the value of the plaintiffs' shares. During the litigation, Klint won an unanimous victory in the United States Supreme Court in the case of Kircher v. Putnam Funds Trust, et al. in which the court rejected the ability of a defendant to appeal a remand from federal to state court mid-case. The high court’s decision was pivotal in leading to the settlement of several cases, but also established a precedent that prevents defendants from delaying litigation with unwarranted appeals.