Derek Loeser is a senior member of Keller Rohrback’s nationally recognized Complex Litigation Group and a member of the firm’s Executive Committee. He maintains a national practice prosecuting class action and large-scale individual cases, including corporate fraud and misconduct, securities, Employee Retirement Income Security Act (“ERISA”) pension and health plan, breach of fiduciary duty, and investment mismanagement cases. Derek has served as lead and co-lead counsel in large, complex cases in state and federal courts around the country.
Derek has been a plaintiffs’ attorney for over 20 years. He has a passion for taking on large corporations and holding them accountable for wrongdoing. Through all stages of litigation, including trial, he has helped recover billions of dollars for consumers, employees, retirees, retirement plans and institutions. Notable cases include the Wells Fargo unauthorized account consumer class action, for which he serves as lead counsel. Derek and the Keller Rohrback team achieved a $142 million settlement that requires Wells Fargo to refund all improper fees, and provide first-of-its kind credit damage reimbursement, among other relief, to Wells Fargo customers. Other notable cases include mortgage-backed securities cases on behalf of the Federal Home Loan Banks of Chicago, Indianapolis and Boston; ERISA class cases on behalf of employees of Enron, WorldCom, Countrywide, and Washington Mutual, among others, whose retirement savings were decimated by corporate fraud and abuse; fraud, RICO, and antitrust cases against drug manufacturers, pharmacy benefit managers and insurance companies for conspiring to drive up the cost of life-saving medications, such as insulin and epinephrine (EpiPens).
Derek also represents state and local government entities in a number of matters, including ongoing cases against opioid manufacturers for misrepresenting the safety and efficacy of opioids for chronic pain. The opioid cases are quintessential examples of the type of litigation Derek and the Keller Rohrback team pursue with purpose and passion: corporate fraud and malfeasance causing serious harm to the public.
Many of Derek’s cases have required coordinating with state and federal agencies involved in litigation that parallels cases pursued by Keller Rohrback, including states attorneys general, the Department of Justice, and the Department of Labor. In addition, Derek has extensive experience negotiating complex, multi-party settlements, and coordinating with the many parties and counsel necessary to accomplish this.
Before joining Keller Rohrback, Derek served as a law clerk for the Hon. Michael R. Hogan, U.S. District Court for the District of Oregon, and was a trial attorney in the Employment Litigation Section of the Civil Rights Division of the U.S. Department of Justice in Washington, D.C. He is a frequent speaker at national conferences on class actions, ERISA and other complex litigation topics.
Bar and Court Admissions
1998, U.S. District Court for the Western District of Washington
1998, U.S. District Court for the Eastern District of Washington
2002, U.S. District Court for the Eastern District of Michigan
2004, U.S. District Court for the Northern District of Illinois
2010, United States Supreme Court
1998, U.S. Court of Appeals for the Ninth Circuit
2006, U.S. Court of Appeals for the Eleventh Circuit
2009, U.S. Court of Appeals for the Eighth Circuit
2010, U.S. Court of Appeals for the Fourth Circuit
2012, U.S. Court of Appeals for the Third Circuit
2013, U.S. Court of Appeals for the Second Circuit
2014, U.S. Court of Appeals for the First Circuit
2017, New York
Middlebury College – B.A., summa cum laude, 1989, American Literature, Stolley-Ryan American Literature Prize (highest departmental honors), Phi Beta Kappa
University of Washington School of Law – J.D., with honors, 1994
Professional and Civic Involvement
King County Bar Association, Member
Washington State Bar Association, Member
American Bar Association, Member; Employment Benefits Committee Member
National Employment Lawyers Association, Member
American Civil Liberties Union of Washington, Cooperating counsel
Honors & Awards
U.S. Department of Justice Honors Program Hire, 1994
U.S. Department of Justice Award for Public Service, 1996
U.S. Department of Justice Achievement Award, 1996
Selected to Rising Stars list in Super Lawyers – Washington, 2005-2007
Named to Washington Super Lawyers list, 2007-2012, 2014-2017
Recipient of the 2010 Burton Award for Legal Achievement for the article, The Continuing Applicability of Rule 23(b)(1) to ERISA Actions for Breach of Fiduciary Duty,. Pension & Benefits Reporter, Bureau of National Affairs, Inc. (Sept. 1, 2009).
AV®, Peer Review Top-Rated by Martindale-Hubbell
Articles & Presentations
Panelist, HarrisMartin’s National Opioid Litigation Conference – Current Landscape of Opioid Litigation, Chicago, IL, October, 2017.
Speaker, Trends in Auto Defect Litigation, Seattle, WA, May, 2017
Panelist, Law Seminars International – VW Diesel Emissions Litigation: A Case Study of the Interplay Between Government Regulatory Activity and Consumer Fraud Class Actions, May 6, 2016.
Speaker, Class Action & Data Breach Litigation, Santa Barbara, CA, March, 2016.
Speaker, Fiduciary Challenges in a Low Return Environment, Seattle, WA, December, 2014.
Speaker, Post-Certification Motion Practice in Class Actions, Seattle, WA, June, 2014.
Speaker, Investment Litigation: Fees & Investments in Defined Contribution Plans, ERISA Litigation, Washington, D.C., 2012.
Speaker, Post-Certification: Motion Issues in Class Actions, Litigating Class Actions, Seattle, WA, 2012.
Derek W. Loeser, Erin M. Riley & Benjamin B. Gould, 2010 ERISA Employer Stock Cases: The Good, the Bad, and the In Between-Plaintiffs’ Perspective, Pension & Benefits Daily, Bureau of National Affairs, Inc. (Jan. 28, 2011).
Derek W. Loeser & Erin M. Riley, The Case Against the Presumption of Prudence, Pension & Benefits Daily, Bureau of National Affairs, Inc. (Sept. 10, 2010).
Speaker, ABA Mid-Winter Meeting, San Antonio, TX, 2010.
Speaker, 22nd Annual ERISA Litigation Conference – New York, NY, Nov. 2009.
Speaker, 22nd Annual ERISA Litigation Conference – Las Vegas, NV, Oct. 2009.
Derek W. Loeser & Benjamin B. Gould, The Continuing Applicability of Rule 23(b)(1) to ERISA Actions for Breach of Fiduciary Duty, Pension & Benefits Reporter, Bureau of National Affairs, Inc. (Sept. 1, 2009).
Derek W. Loeser & Benjamin B. Gould, Point/Counterpoint: Is Rule 23(b)(1) Still Applicable to ERISA Class Actions?, ERISA Compliance and Enforcement Library of the Bureau of National Affairs, Inc. (May 1, 2009).
Derek W. Loeser, The Legal, Ethical, and Practical Implications of Noncompetition Clauses: What Physicians Should Know Before They Sign, J.L. Med. & Ethics, Vol. 31:2 (2003).