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Lane L. Vines

Senior Counsel
P: 215.875.4658
F: 215.875.4604
lvines@bm.net Download vCard

Lane L. Vines is a senior counsel in the Securities and Commercial Litigation practice groups at Berger & Montague.  He concentrates his practice in the areas of securities and investor fraud litigation.  For more than 15 years, he has prosecuted both class action and individual opt-out securities cases for state government entities, public pension funds, and other large investors.

Examples of securities cases in which Mr. Vines was substantially involved include: Commonwealth of Pennsylvania Public School Employees' Retirement System, et al. v. Time Warner Inc., et al., Case No. 002103, July Term, 2003 (Pa. Common Pleas Ct.-Phila. Cty.); In re Aerosonic Corporation Securities Litigation, No. 8:03-CV-2373-T-24 SCB-TBM (M.D. Fla.); In re Waste Management, Inc. Securities Litigation, 194 F. Supp. 2d 590 (S.D. Tex. 2002); Kelly v. McKesson HBOC, Inc., C.A. No. 99C-09-265 WCC, 2002 Del. Super. LEXIS 39 (Del. Super. Jan. 17, 2002); In re Merrill Lynch & Co., Inc. Research Reports Securities Litigation, 02 MDL 1484 (JFK), 2007 U.S. Dist. LEXIS 93423 (S.D.N.Y. Dec. 20, 2007).  Mr. Vines also participated in the securities class action litigation In re Merrill Lynch & Co., Inc. Securities, Derivative and ERISA Litigation, Master File No. 07-cv-9633 (JSR) (DFE) (S.D.N.Y.), where a $475 million recovery was obtained on behalf of lead plaintiff State Teachers Retirement System of Ohio and other members of a class of similarly situated investors, relating to Merrill Lynch's disclosures and financial exposures concerning asset-backed securities such as collateralized debt obligations and other financial derivative instruments linked to subprime mortgages.

Mr. Vines also has experience in the defense of securities and commercial cases.  For example, he was one of the firm's principal attorneys defending a public company which obtained a pre-trial dismissal in full of a proposed securities fraud class action against a gold mining company based in South Africa.  See In re DRDGold Ltd. Securities Litigation, 05-cv-5542 (VM), 2007 U.S. Dist. LEXIS 7180 (S.D.N.Y. Jan. 31, 2007).

During law school, Mr. Vines was a member of the Villanova Law Review and served as a Managing Editor of Outside Works.  In that role, he selected outside academic articles for publication and oversaw the editorial process through publication.

Prior to law school, Mr. Vines worked as an auditor for a Big 4 public accounting firm and a property controller for a commercial real estate development firm, and served as the Legislative Assistant to the Minority Leader of the Philadelphia City Council.

Mr. Vines has achieved the highest peer rating, "AV Preeminent" in Martindale-Hubbell for legal abilities and ethical standards. Mr. Vines is admitted to practice law in Pennsylvania, New Jersey and several federal courts.

Prominent Judgments & Settlements

  • In re Aerosonic Corporation Securities Litigation, No. 8:03-CV-2373-T-24 SCB-TBM, 2006 U.S. Dist. LEXIS 45574 (M.D. Fla.) ($5.35 million class recovery, yielding recovery, on a net basis after payment of all attorney fees and costs, of approximately 65% of claimed investor losses)
  • In re Bayou Hedge Funds Investigation Litigation, No. 06 MDL 1755 (CM) (S.D.N.Y.) (confidential settlement)
  • Breakaway Solutions, Inc. v. Morgan Stanley & Co., et al., C.A. No. 19522-NC, 2004 Del. Ch. LEXIS 125 (Del. Ch. Aug. 27, 2004) (substantially denying defendants' motions to dismiss state law claims brought by plaintiff debtors and debtors' estates) (confidential settlement)
  • Dodona I, LLC v. Goldman, Sachs & Co., 847 F. Supp. 2d 624 (S.D.N.Y. 2012) (granting in part and denying in part defendants' motions to dismiss)
  • Dodona I, LLC v. Goldman, Sachs & Co., 296 F.R.D. 261 (S.D.N.Y. 2014) (granting plaintiff's motion for class certification), Rule 23(f) appeal denied (2d Cir. June 27, 2014)
  • Commonwealth of Pennsylvania Public School Employees' Retirement System, et al. v. Time Warner Inc., et al., Case No. 002103, July Term, 2003 (Pa. Common Pleas Ct.-Phila. Cty.) ($23 million recovery in securities opt-out action)
  • Kelly v. McKesson HBOC, Inc., C.A. No. 99C-09-265 WCC, 2002 Del. Super. LEXIS 39 (Del. Super. Jan. 17, 2002) (confidential settlement in securities opt-out action)
  • In re Merrill Lynch & Co., Inc. Research Reports Securities Litigation, 02 MDL 1484 (JFK), 2007 U.S. Dist. LEXIS 93423 (S.D.N.Y. Dec. 20, 2007) ($15 million recovery in securities class action involving analyst research)
  • In re Merrill Lynch & Co., Inc. Securities, Derivative and ERISA Litigation, Master File No. 07-cv-9633 (JSR) (DFE) (S.D.N.Y.) ($475 million recovery in securities class action involving subprime mortgage-related assets and exposures)
  • Sapir, et al. v. Delphi Ventures, et al., No. 99-cv-8086-JORDAN (S.D. Fla.) ($3.8 million recovery following extensive bankruptcy and related proceedings; yielding recovery, on a net basis after payment of all attorney fees and costs, of approximately 50% of claimed investor losses)
  • In re Waste Management, Inc. Securities Litigation, 194 F. Supp. 2d 590 (S.D. Tex. 2002) (confidential settlement in securities opt-out action)