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Michael Schrag
Partner at Gibbs Law Group LLP - Complex Class Action Litigation - Product Liability, Employment, and Breach of Contract
Professional Background
Michael Schrag boasts nearly 20 years of extensive experience in the legal field, predominantly focusing on representing individual and small business plaintiffs in complex class action litigations against large corporations. His impressive legal prowess extends to a diverse array of sectors, including banking, credit cards, telecommunications, and real estate, showcasing his versatility and dedication to fighting for justice on behalf of his clients.
Before becoming a partner at Gibbs Law Group LLP, Michael Schrag carved out an impactful career as a partner and co-founder of Meade & Schrag. Here, he and his team applied a comprehensive range of litigation skills coupled with high-level strategic analysis to achieve optimal results for their clients. His tenacity and commitment to advocacy have earned him recognition within the industry, particularly in his role as Co-Lead counsel in the landmark case of Ammari v. Pacific Bell Directory. In this case, he represented consumers who had overpaid an AT&T subsidiary for advertising costs in Yellow Pages directories. The plaintiffs reached monumental success at trial, ultimately prevailing on two appeals and securing a remarkable $27 million judgment for all class members. This notable result was honored by the National Law Journal as one of the top 100 verdicts of 2009—a testament to Michael's skill and strategic insight in class action litigation.
Michael's exceptional legal journey includes significant accomplishments in charge litigation as well. Prior to his work at Meade & Schrag, he was instrumental in prosecuting various actions against Visa, MasterCard, and leading U.S. banks, including Chase and Bank of America. These cases centered around the nondisclosure and manipulation of currency conversion fees charged to credit cardholders when using cards abroad. His efforts in these litigations culminated in a groundbreaking victory, where he achieved a $336 million global settlement for the affected class of credit cardholders. This achievement highlights his dedication to holding corporations accountable and ensuring justice for consumers.
Additionally, Michael played a pivotal role in In Re Sulzer Hip Prosthesis and Knee Prosthesis Liability Litigation, a multidistrict litigation that sought to address defects in hip implants affecting thousands of patients. His strategic litigation strategies contributed to securing over $10 million for his clients in successful recoveries, amidst a broader settlement of $1 billion awarded to all affected patients. This monumental achievement underscores Michael's capacity to navigate the complexities of large-scale litigations with clarity and persistence.
His career began with a focus on securities class actions at Milberg Weiss Bershad Hynes & Lerach, where his foundational legal skills were honed under the mentorship of seasoned attorneys. Following this, Michael had the privilege of serving as a law clerk to the Honorable Judith N. Keep, U.S. District Judge for the Southern District of California. This role provided him with invaluable insights into the judicial process and helped shape his understanding of legal principles that would later inform his practice.
Education and Achievements
Michael Schrag's educational background is as impressive as his professional trajectory. He pursued a Master's Degree in Public Policy at the esteemed Goldman School of Public Policy at the University of California, Berkeley. The comprehensive education he received there has undoubtedly equipped him with critical analytical skills and a deep understanding of public interest law.
In addition, he earned a Bachelor of Arts degree in Economics from Columbia University in the City of New York. This academic foundation in economics not only enriches his legal practice but also provides him with an essential perspective on financial matters that are often at the heart of class actions and corporate litigations.
Notable Achievements
- Co-Lead Counsel in Ammari v. Pacific Bell Directory: Achieved a landmark $27 million judgment for class members, recognized by the National Law Journal as one of the top 100 verdicts in 2009.
- Secured a $336 million global settlement for credit cardholders against major banking giants over currency conversion fees, highlighting his ability to advocate powerfully for consumer rights.
- Successfully navigated and contributed to a recovery of over $10 million for clients in In Re Sulzer Hip Prosthesis and Knee Prosthesis Liability Litigation, amidst broader settlements amounting to $1 billion for all affected patients.
- Fostered a thriving legal career with pivotal roles at prestigious firms, culminating in his current partnership at Gibbs Law Group LLP, where he continues to fight vigorously for his clients' rights and best interests.
Michael's unwavering commitment to justice, combined with his vast experience and academic background, make him a formidable force in the legal arena. Whether advocating for dissatisfied consumers or litigating on behalf of small businesses, he consistently demonstrates a keen insight into the intricacies of class actions and the litigation process. Michael Schrag exemplifies what it means to be an exceptional attorney—passionate, driven, and dedicated to serving his clients with integrity. His contributions to the field serve as a guiding light for aspiring lawyers and a beacon of hope for those seeking rightful compensation in the face of corporate negligence.
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Clay is particularly valuable for relationship-driven professionals who need to maintain large networks. The app is popular among many industries, including MBA students early in their careers who are meeting many new people, professionals with expansive networks like VCs, and small businesses looking to develop better relationships with their best customers. Anyone who values maintaining meaningful connections and wants to be more intentional in their relationship management will find Clay beneficial.
Clay offers competitive pricing in the personal CRM market. Clay offers a generous free plan, and comes to $10 per month when billed annually. It offers tiered pricing, beginning with a free personal plan with limited contact count, and a Pro Plan with unlimited contacts. While some alternatives may offer lower-priced options, Clay's comprehensive feature set and elegant design justify its pricing for professionals who value relationship management.
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