Michael Dell’Angelo

Biography

Michael Dell’Angelo is an Executive Shareholder in the Antitrust and Commodities & Financial Instruments practice groups, and Co-Chair of the Securities department of Berger Montague PC. 

He serves as co-lead counsel in a variety of complex antitrust cases. Most recently, Mr. Dell’Angelo served as co-lead trial counsel in Le, et al. v. Zuffa, LLC, No. 15-1045 (D. Nev.) (alleging the Ultimate Fighting Championship (“UFC”) obtained illegal monopoly power of the market for Mixed Martial Arts promotions and suppressed the compensation of elite MMA fighters), which settled for $335 million in March 2024, several weeks before the commencement trial.

Mr. Dell’Angelo is responsible for winning numerous other significant antitrust settlements for his clients and class members, primarily focused on financial instruments. In re Domestic Drywall Antitrust Litig., 13-md-2437 (E.D. Pa.) ($190 million); In re Commodity Exchange, Inc., Gold Futures and Options Trading Litig., 14-MD-2548-VEC (S.D.N.Y) ($152 million settlements); Contant, et al. v. Bank of America Corp., et al., 17-cv-03139-LGS (S.D.N.Y.) ($23.6 million in indirect purchaser settlements); In re London Silver Fixing, Ltd. Antitrust Litig., 14-md-2573 (S.D.N.Y.) ($38 million partial settlement); In re Libor-Based Financial Instruments Antitrust Litig., 11-md-2262 (S.D.N.Y.) ($187 million in settlements pending final approval); Alaska Elec. Pension Fund, et al. v. Bank of Am. Corp., et al., 14-cv-7126-JMF (S.D.N.Y.) ($504.5 million in settlements).

Mr. Dell’Angelo has also served as lead counsel or co-lead counsel in numerous securities fraud and Ponzi scheme class actions, including several that have resulted in recoveries of approximately 60% to 100% of losses, including Brown v. Kinross, No. 02-605 (D. Nev.): Allred, et al. v. Chicago Title Company, et al., No. 2021-00007823 (San Diego Sup. Ct.), In re: Peregrine Financial Group Customer Litigation, No. 1:12-cv-5546 (N.D. Ill.), and PLB Investments LLC v. Heartland Bank and Trust Co., 20-cv-01023 (N.D. Ill.). 

Relatedly, The National Law Journal featured Mr. Dell’Angelo in its profile of Berger Montague for a special annual report entitled “Plaintiffs’ Hot List.” The National Law Journal’s Hot List identifies the top plaintiff practices in the country. The Hot List profile focused on Mr. Dell’Angelo’s role in the MF Global litigation (In re MF Global Holding Ltd. Inv. Litig., No. 12-MD-2338-VM (S.D.N.Y.)). In MF Global, Mr. Dell’Angelo represented former commodity account holders seeking to recover approximately $1.6 billion of secured customer funds after the highly publicized collapse of MF Global, a major commodities brokerage. At the outset of this high-risk litigation, the odds appeared grim: MF Global had declared bankruptcy, leaving the corporate officers, a bank, and a commodity exchange as the only prospect for the recovery of class’s misappropriated funds. Nonetheless, four years later, a result few would have believed possible was achieved. Through a series of settlements, the former commodity account holders recovered more than 100 percent of their missing funds, totaling over $1.6 billion.

Mr. Dell’Angelo also serves as General Counsel to Berger Montague PC.