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Berger & Montague News

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Berger & Montague, P.C. Announces Class Action Lawsuit Filed Alleging That JPMorgan Chase Used Robosigned Affidavits To Obtain Default Judgments Against Thousands Of Credit Card Borrowers

March 13, 2014
A class action lawsuit has been filed on behalf of credit card customers of JPMorgan Chase against whom Chase obtained default judgments using allegedly robosigned and fraudulent affidavits. The lawsuit, Moya v. JPMorgan Chase & Co., et al., No....

Google Sued Over App Purchases Aimed At Kids

March 7, 2014
Google, Inc. was hit with a putative class action Friday in California federal court claiming that its app marketplace exploits children by incentivizing them to spend large amounts of money on free or low-priced games without requiring them to get...

Citibank To Pay $110M In Force-Placed Insurance Settlement

February 5, 2014
Citibank NA has agreed to pay more than $110 million to settle a putative force-placed insurance class action accusing the bank of forcing homeowners to carry excessive flood and hazard coverage and profiting from it, according to documents filed Wednesday in New York federal court.

Court Grants Class Certification in Securities Class Action Lawsuit Involving Goldman Sachs-led Hudson CDOs

January 23, 2014
Court Grants Class Certification in Securities Class Action Lawsuit Involving Goldman Sachs-led Hudson CDOs

Settlement in Marchbanks Truck Service, Inc. d/b/a Bear Mountain Travel Stop, et. al. v. Comdata Corp., et al., E.D. Pa. No. 07-cv-1078 (JKG)

January 21, 2014
Co-Lead Counsel for a proposed class of over 4,000 independent truck stops and other retail fueling merchants announce settlements of an antitrust lawsuit against Comdata Inc., the leading trucker fleet payment card issuer, and three national truck stop chains for a combined amount of $130 million plus valuable prospective relief.

JPMorgan Agrees To Pay $22M In Force-Placed Insurance Suit

December 18, 2013
JPMorgan Chase Bank NA has agreed to pay $22.1 million to resolve a proposed class action accusing it of imposing pricey and unnecessary flood insurance on homeowners whose mortgages are serviced by the bank, according to documents filed Tuesday in...

Customer Class Representatives, CME Group, And MF Global Trustee Announce Agreements To Expedite Payments To MF Global Customers

November 6, 2013
CHICAGO, Nov. 6, 2013 /PRNewswire/ -- CME Group, Inc. (CME), the Customer Class Representatives in the ongoing MF Global multi-district litigation (Customer Representatives), and James W. Giddens, Trustee for the Securities Investor Protection Act...

Plaintiffs' Hot List: Berger & Montague

October 21, 2013
Berger & Montague is a closer. Last November, the 60-attorney firm helped secure preliminary court approval for a $7.25 billion settlement in a private antitrust class action that alleged price-fixing on transaction fees by payment card networks...

Home Siding Co. Pays $104M To Settle MDL Over Defects

October 3, 2013
A federal judge on Thursday approved a $104 million settlement between CertainTeed Corp. and a class of consumers who alleged that various home sidings made by the company were prone to premature degradation and failure.

HSBC Whistle-Blower Presses for New Laundering Probe

August 30, 2013
SBC executives probably hoped that paying a record $1.9 billion fine last year would close the books on its money-laundering violations. But a former employee is alleging that the bank continued to break anti-money-laundering rules even as it claimed...

Berger & Montague Files Case on Behalf of Disenfranchised Commonwealth REIT Shareholders

June 11, 2013
The law firm of Berger & Montague, P.C. with co-counsel have filed a Class Action and Derivative Complaint on behalf of the shareholders of Commonwealth REIT (CWH) [Central Laborers’ Pension Fund v. Portnoy, No. 24-c-13-1966 (Md. Cir. Ct.). ]

BERGER & MONTAGUE, P.C. FILES CLASS ACTION LAWSUIT AGAINST H&R BLOCK, INC. ON BEHALF OF CONSUMERS AFFECTED BY ERROR ON EDUCATION TAX CREDIT FORM

April 11, 2013
PHILADELPHIA, PA, April 11, 2013 (PRNEWSWIRE) -- The law firm of Berger & Montague, P.C. has filed a class action complaint in the United States District Court for the Southern District of Illinois on behalf of all H&R Block, Inc. customers in...

JPMorgan's $546M Deal for Ex-MF Global Customers Gets Nod

March 29, 2013
A Law360 article reported that Judge Victor Marrero preliminarily approved a settlement in which JPMorgan Chase Bank N.A. agreed to free up more than $546 million to be distributed to former U.S. customers of MF Global to resolve all outstanding issues...

Entwistle & Cappucci LLP, Berger & Montague, P.C. and the Trustee for the MF Global Liquidation Announce Proposed Settlement of Claims Against JPMorgan

March 19, 2013
NEW YORK, NY, March 19, 2013 - (BUSINESS WIRE) - Co-Lead Counsel for the Class of MF Global Inc. ("MFGI") customers and James W. Giddens, the trustee ("Trustee") for the liquidation of MFGI, have announced a settlement ("Settlement") of all potential...

Symposium Regarding the Application of the Federal Rules of Evidence at the Class Certification Stage

March 8, 2013
At class action symposium at George Washington University School of Law that took place on March 7-8, 2013, a panel discussed the application of the Federal Rules of Evidence at the class certification stage. Eric L. Cramer, managing shareholder at...

Goldman, Others Targeted In Force-Placed Insurance Suit

January 28, 2013
Law360, New York (January 28, 2013, 1:32 PM ET) -- Goldman Sachs Group Inc., Litton Loan Servicing LP and Ocwen Financial Corp. were hit Wednesday with a proposed class action alleging they schemed to require mortgage customers to buy force-placed...

Citigroup, MidFirst Bank Lose Bid to Dismiss Force-Placed Lawsuit

January 4, 2013
A lawsuit that accuses both Citigroup (NYSE: C) and MidFirst Bank of Oklahoma City of forcing homeowners to purchase flood insurance in excess of amounts required by law may advance, a federal judge in Utica, N.Y., has ruled.

How a CFO Landed in Prison

January 1, 2013
This article presents a case study of a CFO's accounting fraud that led him to prison. The scheme was a securities fraud aimed at investors. It involved ghost revenues, fictitious invoices and shipping documents, cost-of-good sold entries that were delayed or avoided altogether, and pulling otherwise legitimate revenue into earlier accounting periods. The article delves into interesting aspects of how and why the CFO did what he did.

Plaintiffs' Counsel for Former MF Global Inc. Customers File Consolidated Amended Class Action Complaint

November 5, 2012
Plaintiffs' Counsel for Former MF Global Inc. Customers File Consolidated Amended Class Action Complaint Against MF Global Directors and Officers, PwC and CME Group Published Monday, Nov. 05, 2012 PHILADELPHIA, Nov. 5, 2012 -- /PRNewswire/ -- Law...

MF Global Trustee to Join Existing Suits Against Executives

August 16, 2012
The bankruptcy trustee trying to recover money for U.S. customers of MF Global Holdings Ltd. agreed to cooperate with lawyers suing the securities firm's former executives for damages related to its collapse last year. The move Wednesday by James...

Speak now . . . US Government Wants to Give USD 450 Million to Corporate Whistleblowers

August 9, 2012
The SEC announced in August 2012 that it was looking to give away USD 452 million in rewards to whistleblowers.

Law Firms Ready Class-Action Suit for Peregrine Clients

July 13, 2012
Two law firms that represented customers caught up in the collapse of MF Global Holdings Ltd. (MFGLQ) have linked up to prepare a class-action lawsuit on behalf of clients of Peregrine Financial Group Inc. Berger & Montague PC and Collett Legal are...

Class Action Lawsuit on Behalf of Tens of Thousands of Homeowners Against Bank of America Alleging Abuses in Its Force-Placed Flood Insurance Program Allowed to Proceed in U.S. District Court

July 12, 2012
Philadelphia, PA, July 12, 2012. On Wednesday, July 11, 2012, Judge Michael Simon of the United States District Court for the District of Oregon issued a ruling that permitted the Plaintiffs' breach of contract claims to proceed in a nationwide class...

Allis-Chalmers Energy To Pay $1.9M To End FLSA OT Suit

June 21, 2012
Allis-Chalmers Energy Inc. and its subsidiaries agreed Wednesday to pay $1.9 million to settle two class actions alleging the oil and gas servicing company only paid its field operators regular daily wages even though they often worked overtime. The...

WellPoint, Inc. Agrees to Pay $90 Million to Settle Class Action Suit

June 15, 2012
WellPoint has agreed to pay $90 million to settle a class action lawsuit brought on behalf of more than 700,000 former members of Anthem Insurance Companies, Inc. ("Anthem"). The parties had been scheduled to begin a jury trial on June 18, 2012 in federal court in Indianapolis on legal claims arising from Anthem's 2001 conversion from a mutual company, owned by its insured policyholders, to a stock company. . .
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