GPWR Litigation Lawyers Honored by the Daily Journal With California Lawyer of the Year Award (2026)

Rob Prongay, Kara Wolke, and Melissa Wright Recognized for Record-Setting $433.5 Million Recovery on Behalf of Alibaba Investors

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP (GPWR) is proud to announce that partners Rob Prongay, Kara Wolke, and Melissa Wright have been honored with the prestigious California Lawyer of the Year (CLAY) Award by the Daily Journal, California’s leading legal publication. The award, presented on May 6, 2026, recognizes the team’s record-setting achievement in securing a $433.5 million recovery for investors in a securities fraud class action against Alibaba Group Holding Ltd.

The recovery, with GPWR acting as sole lead counsel, was the largest securities class action settlement of 2026 and ranks among the 50 largest U.S. securities class action settlements of all time, as tracked by Institutional Shareholder Services.

Statements from the Team

“In big securities cases, there is a lot of risk in going to trial. After all the litigation as we worked our way through their defenses, we were in position to promote a strong settlement,” said Kara M. Wolke, co-chair of GPWR’s securities litigation practice group and the firm’s general counsel. “We knew they had misrepresented their business practices and that the Chinese government had told them to stop. In the simplest terms, we alleged they said they would stop, but did not.”

About the CLAY Award

The California Lawyer of the Year Award is presented annually by the Daily Journal, the state’s premier legal publication, to recognize the most outstanding legal work performed in California across multiple practice areas. The award honors attorneys whose achievements have significantly shaped the law or delivered exceptional results for their clients.

About Glancy Prongay Wolke & Rotter LLP

Glancy Prongay Wolke & Rotter LLP is a national plaintiff’s litigation firm headquartered in Los Angeles, California. The firm is a recognized leader in securities fraud and investor rights litigation, with a long track record of achieving significant recoveries for defrauded investors. GPWR has served as plaintiffs’ counsel in some of the largest securities class action settlements in history.