Jon J. Lambiras, Esq., CPA, CFE is a
shareholder in the Securities and Consumer Protection practice
groups at Berger & Montague. Since joining the firm in
2003, he has practiced primarily in the areas of securities fraud,
consumer fraud, and data breach class actions.
In the Securities group, he concentrates
on class action and opt-out litigation involving accounting fraud
and financial misrepresentations. In the Consumer Protection
group, he concentrates on unfair business practices and data breach
litigation involving the theft of personal information by computer
hackers. He has also engaged in Antitrust pay-for-delay matters
involving drug manufacturers wrongly keeping generic drugs off the
Jon's clients are plaintiffs such as
individual investors, institutional investors, and consumers. He
strives to provide a smooth, comfortable litigation experience for
his clients. He welcomes inquiries from potential clients and
referring counsel regarding new matters. Fees in his cases
are generally earned on a contingent basis, meaning clients do not
pay out-of-pocket attorneys' fees.
Jon is an attorney, Certified Public
Accountant, and Certified Fraud Examiner. Prior to law school
he practiced accounting for four years as a financial statement
auditor, including with a Big-Four accounting firm.
Jon has obtained the highest peer review
rating, "AV Preeminent," in Martindale-Hubbell for his legal
abilities and ethical standards. Also, in 2012-2014 he was
selected for inclusion in "Pennsylvania Super Lawyers - Rising
Stars," an honor conferred on less than 2.5% of attorneys in
Pennsylvania who are 40 years old or younger.
Jon has published numerous articles and
lectured on various class action topics as summarized below.
He has also commented on class action issues for publications
including The Washington Post. The cases on which he worked
have collectively settled for hundreds of millions of
While in law school, Jon was a Lead
Articles Editor for the Pepperdine Law Review.
Jon's speaking engagements include the
- "Securities Fraud Class Actions: A Bird's Eye View for
Attorney-CPAs," 2017, presented to the Philadelphia Chapter of the
American Association of Attorney-CPAs
- "How the CFO Landed in Prison: The Nuts & Bolts of His
Fraud," 2012, presented to the Phila. Chap. of the Am. Assoc. of
- "State of the Cyber Nation Address," 2011, presented at HB
Litigation/NetDiligence Cyber Risk & Privacy Forum
- "Data Breach Class Actions Involving Theft of Personal
Information," 2009, presented to the Phila. Chap. of the Am. Assoc.
- "Class Actions Involving Estate Planning, Financial Planning,
Trusts, and Income Tax," 2009, presented to the Phila. Chap. of the
Am. Assoc. of Attorney-CPAs
- "Securities Fraud Class Actions: Comparing and Contrasting the
Plaintiffs' and Defendants' View," 2007, presented to the Phila.
Chap. of the Am. Assoc. of Attorney-CPAs
- "Securities Fraud Class Actions: A Primer for the
Attorney-CPA," 2006-08, presented to the Phila. Chap. of the Am.
Assoc. of Attorney-CPAs
Prominent Judgments & Settlements
- Dodona I, LLC v.
Goldman, Sachs & Co. (class action for
misrepresentations in CDO prospectus, settled for $27.5 million in
2016 after obtaining class certification and completing discovery
and summary judgement proceedings)
- State of New Jersey, Dept. of Treasury, Division of Investment
v. Richard S. Fuld., Jr., et al. (accounting fraud opt-out case
involving Lehman Bros. "Repo 105" repurchase transactions; settled
with D&O defendants in 2011 and auditor defendant in 2015 for
- In re: Bally Total
Fitness Securities Litig. (accounting fraud class action,
settled for $2 million in 2010)
- In re: Merrill
Lynch & Co., Inc. Securities Litig. (accounting fraud class
action, settled for $475 million in 2009)
- In re: Carreker
Corp. Securities Litig. (accounting fraud class action, settled
for $5.25 million in 2006)
In re: Medi-Hut Securities Litig. (accounting fraud class
action, settled for $5 million in 2006)
- In re:
Fleming Companies Securities Litig. (accounting fraud class
action, settled for $94 million in 2005)
Data Breach Class Actions