--- title: "GPWR Litigation Lawyers Honored by the Daily Journal With California Lawyer of the Year Award (2026)" type: "News" locale: "en" url: "https://longbridge.com/en/news/286600306.md" description: "GPWR Litigation Lawyers, including Rob Prongay, Kara Wolke, and Melissa Wright, received the California Lawyer of the Year Award from the Daily Journal for their record-setting $433.5 million recovery for Alibaba investors in a securities fraud class action. This settlement is the largest of 2026 and ranks among the top 50 in U.S. history. The award recognizes outstanding legal work in California." datetime: "2026-05-15T18:15:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286600306.md) - [en](https://longbridge.com/en/news/286600306.md) - [zh-HK](https://longbridge.com/zh-HK/news/286600306.md) --- # GPWR Litigation Lawyers Honored by the Daily Journal With California Lawyer of the Year Award (2026) **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_ 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. **Media Contact** **Glancy Prongay Wolke & Rotter LLP** 1925 Century Park East, Suite 2100 Los Angeles, CA 90067 Telephone: 310-201-9150 Toll-Free: 888-773-9224 Visit our website at: www.glancylaw.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260515047258/en/ ### Related Stocks - [BABX.US](https://longbridge.com/en/quote/BABX.US.md) - [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) ## Related News & Research - [Alibaba Files Form 13F as Investment Manager, Highlights WVR Structure](https://longbridge.com/en/news/286686984.md) - [Alibaba's Quarterly Profitability Still Under Pressure](https://longbridge.com/en/news/286243675.md) - [Golden Web3.0 Daily Report | TON Launches Acton, a Unified Smart Contract Toolchain](https://longbridge.com/en/news/286115692.md) - [Nvidia Hit by New Short Report, Culper Cites a "Significant China Problem"](https://longbridge.com/en/news/286319381.md) - [Volvo Group agrees to $197 million settlement with California over excess truck emissions](https://longbridge.com/en/news/286803272.md)