Status:Settled
Settlement Amount:
Confidential
Practice Area(s):
Corporate Governance & Shareholder Rights
On June 6, 2006, investors in Ernst & Young's PICO tax
shelter represented by Berger & Montague brought suit against
Ernst & Young, among other defendants in a case captioned
Abessinio v. Ernst & Young LLP, et
al., 106 Civ. 02777 (LTS)...
Status:Settled
Settlement Amount:
$15.25 million
Practice Area(s):
Corporate Governance & Shareholder Rights
,
Securities Fraud
As co-lead counsel representing the New Hampshire Retirement
System, Berger & Montague also helped secure substantial
corporate governance benefits. A substantial monetary
recovery ($15.25 million) was coupled with wide-ranging corporate
governance...
Status:Settled
Settlement Amount:
$2.25 million
Practice Area(s):
Corporate Governance & Shareholder Rights
Berger & Montague represented one lead plaintiff in the action. A settlement has been reached which includes payment to the corporation of $2.25 million and the agreement to overhaul the company's corporate governance at the board and management levels. Additionally, the settlement provides for significant changes to the company's internal controls and cost accounting with a greatly revised insider trading policy.
Status:Settled
Settlement Amount:
$99 million
Practice Area(s):
Corporate Governance & Shareholder Rights
,
Securities Fraud
Berger & Montague represented a former trader who brought a
shareholder class action on behalf of minority shareholders of the
Philadelphia Stock Exchange alleging breaches of fiduciary duty by
directors of the exchange and the exchange itself. A...
Status:Settled
Practice Area(s):
Corporate Governance & Shareholder Rights
Inergy announced in its recent Form 10-K filed November 16,
2011:
Following the announcement of the Merger Agreement, two
unitholder class action lawsuits were filed in the Court of
Chancery of the State of Delaware challenging the proposed merger...
Status:Settled
Settlement Amount:
$6.9 million
Practice Area(s):
Corporate Governance & Shareholder Rights
Berger & Montague represented plaintiffs in state class action over whether defendants breached fiduciary duties and N.J. Shareholders’ Protection Act in going private transaction and obtained $6.9 million settlement.
Status:Settled
Settlement Amount:
$65 million
Practice Area(s):
Securities Fraud
The firm, as a member of Plaintiffs' Counsel's
Executive Committee, obtained a cash settlement of $65 million in
2009 in an action on behalf of investors against KLA-Tencor and
certain of its officers and directors.
Status:Settled
Settlement Amount:
$22.25 million
Practice Area(s):
Corporate Governance & Shareholder Rights
Berger & Montague, as lead counsel, brought this derivative action on behalf of Florida Power & Light (FPL).
Status:Settled
Settlement Amount:
$9 million
Practice Area(s):
Corporate Governance & Shareholder Rights
Berger & Montague brought a state stockholder action on behalf of class members who were denied preemptive rights provided under the articles of incorporation in several securities offerings by InKine. As sole counsel, Berger & Montague secured a settlement of $9 million. The settlement provided substantial compensation for the preemptive rights denied to class members.
Status:Settled
Settlement Amount:
$4.9 million
Practice Area(s):
Corporate Governance & Shareholder Rights
Berger & Montague represented lead plaintiff as lead counsel in going private litigation and obtained $4.9 million settlement.
Status:Settled
Settlement Amount:
$14.2 million
Practice Area(s):
Corporate Governance & Shareholder Rights
,
Securities Fraud
The firm, as lead counsel, obtained a settlement resulting in a fund of $14.25 million for the class. The Complaint alleged that defendant Viacom artificially inflated its stock price to avoid paying the CVR/VCR holders the full amount of consideration to which they were entitled.