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Sherrie R. Savett

Managing Shareholder
P: 215.875.3071
F: 215.875.5715
ssavett@bm.net Download vCard

Sherrie R. Savett is Chair of the firm's Securities Fraud Group and Whistleblower, Qui Tam & False Claims Act Group.

Ms. Savett has practiced in the area of securities litigation and class actions since 1975. Several securities class actions in which Ms. Savett served as lead counsel are among the 100 largest securities class actions settled in the history of the federal securities laws.  She has advanced investor protection by helping to establish several significant legal precedents.

Ms. Savett serves or has served as lead or co-lead counsel or as a member of the executive committee in a large number of securities and consumer class actions in federal courts across the country.

Ms. Savett is widely recognized as a top female leader in the profession by local and national legal rating organizations. She speaks and writes frequently on securities litigation, consumer class actions and complex litigation,  and is acknowledged for her leadership in the business and civic community.

Prominent Judgments & Settlements

  • *In re Alcatel Alsthom Securities Litigation (class settlement of $75 million)
  • BankAmerica (derivative settlement of $39.25 million)
  • Boston Chicken (class settlement of $21.5 million)
  • Bristol-Myers Squibb (class settlement of $20 million)
  • Cephalon (class settlement of $17 million)
  • *In re CIGNA Securities Litigation (class settlement of $93 million)
  • *In re Fleming Companies Securities Litigation (class settlement of $94 million);
  • Genentech (class settlement of $29 million)
  • Global Crossing (class settlement of $444 million)
  • Home Shopping Network (class settlement of $18.2 million)
  • *In re KLA Tencor Securities Litigation (class settlement of $65 million)
  • Long Island Lighting (class settlement of $48.5 million)
  • *Medaphis/Deloitte & Touche (class settlement of $96.5 million)
  • MicroWarehouse (class settlement valued at $30 million)
  • Plains All American Pipeline LP (class settlement of $24.1 million)
  • Policy Management (class settlement of $32 million)
  • Public Service Company of New Mexico (class and derivative settlements of $33 million)
  • Raychem (class settlement of $19.5 million)
  • *In re Rite Aid Securities Litigation(class settlement of $334 million)
  • In re Safety-Kleen (class settlement of $44.5 million achieved two days before trial)
  • In re Sepracor Inc. Securities Litigation (class settlement of $52.5 million)
  • *In re Sotheby's Holdings Inc. Securities Litigation(class settlement of $70 million)
  • Subaru (class settlement of $70 million)
  • Synergen (class settlement of $28 million)
  • U.S. Bioscience (class settlement valued at $15.25 million)
  • United HealthCare (class settlement of $20.1 million)
  • United Telecommunications (class settlement of $28 million)
  • *In re Waste Management (class settlement of $220 million)
  • * In re Xcel Energy (class settlement of $80 million)

* Listed among the 100 largest securities class actions settled in the United States during the last 14 years (1996-2009)