Richard S. Wayne

Shareholder
Richard S. Wayne

Cincinnati Office

The Federal Reserve Building
150 East Fourth Street
Fourth Floor
Cincinnati, Ohio 45202-4018
P 513.629.9472
F 513.629.9426

www.strausstroy.com

Admitted to Practice

  • Ohio
  • U.S. Second Circuit Court of Appeals
  • U.S. Fourth Circuit Court of Appeals
  • U.S. Sixth Circuit Court of Appeals
  • U.S. Ninth Circuit Court of Appeals
  • U.S. Eleventh Circuit Court of Appeals
  • U.S. Northern District of Ohio
  • U.S. Southern District of Ohio
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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.

Biography

Richard Wayne concentrates his litigation practice in federal and state court. The types of matters he focuses on involve general business...

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)

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)

Areas of Concentration

  • Federal and State Litigation
  • Complex Litigation
  • Multi-District Litigation
  • Corporate Planning
  • Corporate Governance
  • Contract Negotiations
  • Construction Litigation
  • Arbitration
  • Securities and Corporate Litigation
  • Product Liability Litigation
  • Consumer Fraud Litigation
  • Representation of Public and Private Companies, Stock Brokerage Firms and Accounting Litigation
  • Healthcare Litigation
  • Representation of Physicians, Medical Societies and Medical Institutions in Contracting and Litigation Matters

Professional/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

Cincinnati Office

The Federal Reserve Building
150 East Fourth Street
Fourth Floor
Cincinnati, Ohio 45202-4018
P 513.629.9472
F 513.629.9426

www.strausstroy.com

Admitted to Practice

  • Ohio
  • U.S. Second Circuit Court of Appeals
  • U.S. Fourth Circuit Court of Appeals
  • U.S. Sixth Circuit Court of Appeals
  • U.S. Ninth Circuit Court of Appeals
  • U.S. Eleventh Circuit Court of Appeals
  • U.S. Northern District of Ohio
  • U.S. Southern District of Ohio

Industry Experience

  • Financial Services
  • Graphic Design
  • Accounting
  • Legal Services
  • Manufacturing
  • Healthcare
  • Distribution
  • Securities
  • Security | Surveillance

Education

  • University of Dayton College of Law (J.D.)
  • University of Cincinnati (B.A.)

Honors & Recognition

Richard S. WayneBest Lawyers
Ohio
Richard S. Wayne
  • Martindale-Hubbell AV® Preeminent™ Attorney
  • U.S. News Best Lawyers in America® Cincinnati Mass Tort Litigation / Class Actions - Plaintiffs "Lawyer of the Year" 2013
  • U. S. News Best Lawyers in America®
  • Ohio Super Lawyers 2004-2017