Richard S. Wayne
Biography
Richard Wayne concentrates his litigation practice in federal and state court. The types of matters he focuses on involve general business disputes, securities fraud litigation, shareholder derivative litigation, investor/broker disputes, product liability, litigation, healthcare litigation, consumer fraud litigation, construction related litigation, class action and complex multi-district litigation. Rick is actively involved in FINRA (Financial Industry Regulatory Authority) arbitrations and mediations, representing both brokers and financial securities companies.
He also represents corporate and individual clients in connection with a variety of business and legal issues. This portion of his practice involves providing counsel to a variety of businesses which includes: brokerage and financial services firms, design professionals, physicians, a regional paper product distributor and a company providing products to the automotive industry.
Articles, Publications, & Lectures
Panelist – 24th Annual Corporate Law Center Symposium relating to the Principle and Practices of Aggregate Litigation, CAFA, PSLRA and Beyond – 2011
Lecturer – AON Risk Management Seminar – The Future of D & O Litigation – What is the Next Hot Issue? – 2006
Guest Lecturer – University of Dayton School of Law– Corporate and Federal Securities Laws – 2004
Lecturer – Directors and Officers – Fiduciary Duties – Midwest Regional Bankruptcy Seminar – 2002
Lecturer – Ohio Securities Conference sponsored by the Ohio Division of Securities, 1996 and 1997
Lecturer – Cleveland Bar Association Annual Seminar relating to the Private Securities Litigation Reform Act of 1995-1996
Lecturer – Plaintiff Perspective in Class Action Litigation – 1995
Environmental Law Case Work for Administratively Imposed Civil Money Penalties in the Enforcement of Policy Objectives, 3 U.Day.L.Rev. 153 (Winter, 1978)
Honors & Recognition
The Best Lawyers in America® (2001-2025)
The Best Lawyers®, Lawyer of the Year, Bet-the-Company Litigation, Cincinnati (2024)
The Best Lawyers®, Lawyer of the Year, Mass Tort Litigation/Class Actions – Plaintiffs, Cincinnati (2013, 2015, 2022, 2024)
Ohio Super Lawyers (2004-2019, 2023-2024)
Martindale-Hubbell AV® Preeminent™ Attorney
Community Involvement
Cincinnati Bar Association
Ohio Bar Association
American Bar Association
Strauss Troy, board of directors and Litigation Department co-chair
Strauss Troy, ALAS loss prevention representative
Weston Art Gallery (Aronoff Center for the Arts), advisory committee
Contemporary Art Center, board of directors
U.S. District Court S.D., Ohio Magistrate, Judges Merit selection committee
Cincinnati Bar Association, The Round Table, development co-chair
Significant Representations
Securities, Derivative, Corporate and Corporate Governance
Black v. Cincinnati Financial Corp. Case No. 1:11-cv-210 (S.D. Ohio)(Successful defense of shareholder “say on pay” claim)
Rosser v. Jack Rouse Associates Case No. 1:08-cv-00681 (S.D. Ohio)(Successful defense of breach of contract claim)
In re Structural Dynamics Research Corporation Securities Litigation Case No. C-1-94-630 (S.D. Ohio)($37.5 million shareholder class settlement)
In re Procter & Gamble Company Securities Litigation No. C-1-00-CV-190 (S.D. Ohio)($49 million shareholder class settlement)
Consumer and Healthcare
Combs v. Crown Life Ins. Company Case No. 1:07-cv-00151 (S.D. Ohio)($2.1 million settlement on behalf of life insurance policyholders)
Woodward, et al. v. Great American Life Insurance Company Case No. A9900587 (Hamilton County, Ohio)($25 million settlement on behalf of holders of annuities)
In re Sulzer Hip Prosthesis and Knee Prosthesis Products Liability Litigation Case No. 1:01 CV 9000 (N.D. Ohio)($1 billion product liability settlement)
In Re: Telectronics Pacing Systems, Inc. Accufix Atrial “J” Leads Products Liability Litigation Case No. MDL-1057 (S.D. Ohio)($57 million product liability settlement)
Cowit, et al. v. Cellco Partnership (d/b/a Verizon Wireless) Case No. A-05-05869 (Hamilton County, Ohio)($132M consumer fraud settlement for cell phone customers)
Academy of Medicine of Cincinnati, et al. v. Aetna Health, Inc., et al. Case No. A0204947, (Hamilton County, Ohio) and Case No. 02-CI-903 (Boone County, Kentucky)(Four separate settlements of antitrust claims against health insurance carriers increasing physician reimbursement rates over several years by more than $295 million)
In Re: Community Mutual Co-Payment Litigation Case No. C-1-94-428 (U.S. District Court – S.D. Ohio)($4.2 million settlement for subscribers to the Company’s medical insurance policies)
Special Counsel Appointments
In Re: Dwight’s Piano Company, Debtor Official Committee of Unsecured Creditor v. Hendricks, et al. Case No. 1:04-CV-00066 (S.D. Ohio)(Special counsel to creditors committee in action against officers and directors)
IT Litigation Trust v. Daniel A. D’ Aniello, et al. Civil Action No. 04-CV-1268 (D. Delaware)(Special counsel to debtor/trustee in action against officers and directors)
William T. Wuliger, Receiver v. Key Bank National Association, et al. Civil Action No. 1:02-cv-2160 (N.D. Ohio)(Special counsel to receiver)
William T. Wuliger, Receiver v. Liberty Bank, N.A., et al. Civil Action No. 1:02-CV-1378 (N.D. Ohio)(Special counsel to receiver)