Confidential Record Recovery Against Penn State for Sandusky Sexual Assault
Stephen Raynes was the lead lawyer representing the most severely damaged sexual abuse victim of Jerry Sandusky at Penn State. Stephen Raynes, together with Martin Brigham and Harold Goodman of the Firm, sued Penn State in the Philadelphia Court of Common Pleas beginning a lengthy legal battle, including Penn State being required to produce for depositions dozens of its staff, administrators and trustees and turn over millions of documents. With trial rapidly approaching, Penn State agreed to settle for a record amount that would ensure the young man’s financial needs being met for the rest of his life. At the Board of Trustees’ vote to approve the confidential settlement, one trustee accurately described the recovery as an “extraordinary” sum.

$15,000,000 Confidential Settlement for Improper Prescription of Blood Thinner
When a young man suffered a massive brain bleed while on Lovenox, a blood-thinner, his family turned to Stephen Raynes to investigate whether his medical treatment was appropriate. The massive brain bleed caused the man to be quadriplegic with lock-in-syndrome. Because the drug had been only recently introduced to the market, there was a dearth of epidemiological evidence regarding the safety of its use. Stephen Raynes led the Raynes McCarty team with Tim Lawn and Joe Traub to assemble a team of experts in pharmacology, FDA labeling, hematology, internal medicine and cardiology and determined that there was no proper scientific evidence that the prescribed blood thinner was as safe as the available standard blood thinners in this clinical setting. As a result of those efforts, the team secured a confidential settlement to ensure financial security and medical services for the client and his family.

$38 Million Award in Transportation Accident
In a tragic transportation accident, a software executive was severely injured.  Stephen Raynes was the lead lawyer prosecuting his case, resulting in a $38 million award.

Challenged New York Stock Exchange Merger
In 2005, Mr. Raynes spearheaded the firm’s prosecution of claims on behalf of a group of seat-holders of the New York Stock Exchange which challenged the terms of a multi-billion dollar deal that had been struck by the Exchange’s Board of Directors and its investment advisor.  Mr. Raynes served as co-counsel and one of the lead trial lawyers during the discovery of the case and at the preliminary injunction trial. After successfully defeating the New York Stock Exchange’s Motions to Dismiss and uncovering a wealth of information through months of intensely fought discovery, the case proceeded to a preliminary injunction trial, which culminated in a settlement.  The New York Stock Exchange agreed to changes in the deal’s terms, so as to provide greater transparency and oversight, and to increase the value to the members by hundreds of millions of dollars.

Sixteen confidential settlements for Sikorsky S-92 Crash off the Coast of Newfoundland
On March 12, 2009, sixteen workers were being flown on a Sikorsky S-92 helicopter to oil platforms stationed off the coast of Newfoundland. A titanium bolt cracked, releasing all of the oil in the gear box, causing the transmission to seize, and the helicopter to plummet into the frigid north Atlantic.

Fifteen of the passengers perished as the helicopter sank; the lone survivor suffered lifetime injuries. Because Sikorsky had recently moved its headquarters for S-92 helicopters to the Delaware Valley, Canadian counsel asked Stephen Raynes and Marty Brigham to travel to Newfoundland and undertake to represent the sole survivor and all of the families of the passengers killed. In order to document each family’s loss, Mr. Brigham and Mr. Raynes attorneys, working with their Canadian co-counsel, videotaped hundreds of hours of interviews that were then edited into sixteen settlement presentations, one for each client. Through two weeks of mediation and in less than a year after the accident, every client’s case was resolved for amounts – made confidential to protect the clients – that ensured their financial security and honored those that they had lost.