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Berger & Montague News

Our reputation as a national leader in the field of prosecuting class action, commercial litigation, and qui tam cases makes headlines and shapes precedent across the country.

Major media outlets and industry publications regularly consult Berger & Montague lawyers as knowledgeable and insightful sources to comment on regulation, legislation, precedent-setting cases, and industry developments.

To learn about the most recent activities of the firm and its attorneys, read on.

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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.). ]


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...

Berger & Montague's Whistleblower Lawsuit Against NextCare Settled, NextCare Pays A Total Of $10 Million

July 3, 2012
Berger & Montague, P.C., a nationally known full-spectrum civil litigation law firm with one of the largest and most successful whistleblower practices in the U.S, has recently settled its whistleblower lawsuit against NextCare, Inc. ("NextCare"), the nation's largest privately owned urgent care provider. Under the agreement, NextCare will pay a total of $10 million.

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. . .

Class Says JPMorgan Made Them Buy Excessive Flood Coverage

May 25, 2012
A class of homeowners sued JPMorgan Chase & Co. affiliates JPMorgan Chase Bank NA and Chase Insurance Agency Inc. in New York on Thursday, accusing them of forcing homeowners to buy more flood insurance than they needed. Chase Bank, as the loans'...

Berger & Montague, P.C. Sues Facebook

May 24, 2012
PHILADELPHIA, PA - On May 23, 2012, Berger & Montague, P.C. filed a class action lawsuit in the United States District Court, Southern District of New York, on behalf of all persons who purchased the common stock of Facebook, Inc. ("Facebook" or...

Berger & Montague Named Co-Lead Counsel in MF Global Commodities Case

May 22, 2012
While many victims of the MF Global collapse are still waiting on various government investigations to lead to a prosecution of those responsible, civil litigation involving losses incurred by former MF Global commodity customers can move forward as a...

ViroPharma Lied About Antibiotic Exclusivity, Investor Says

May 18, 2012
A shareholder on Wednesday filed a proposed class action against ViroPharma Inc. seeking damages for stock losses allegedly sustained after the company wrongly led investors to believe it had secured three years of market exclusivity for its signature...

AmEx's $50M Payout In Currency Fee Suit Gets Judge's OK

May 2, 2012
A New York federal judge Monday signed off on American Express Co.'s $49.5 million deal to settle class claims that the credit card giant conspired with banks to impose hidden foreign currency conversion fees on customers. ... The settlement came last...

Judge Won't Boot Wage-Fixing Suit Against Apple, Google

April 19, 2012
A California federal judge on Wednesday refused to dismiss accusations that the late Steve Jobs had orchestrated a series of uncompetitive agreements between Apple Inc., Google Inc., and other tech companies to not poach each other's engineers. U.S....

M&A Drove 2011 Securities Actions As Crisis Suits Died Down

April 11, 2012
With fewer opportunities to bring new cases over the financial crisis, many shareholder plaintiffs have redirected their aim to corporate transactions, bringing a flood of class actions over mergers and acquisitions in 2011, according to a report...

Goldman loses bid to dismiss Hudson CDO lawsuit

March 21, 2012
Goldman Sachs Group Inc lost its bid to dismiss a lawsuit accusing it of defrauding investors by selling risky debt linked to subprime mortgages that it planned to bet against. U.S. District Judge Victor Marrero in Manhattan said the hedge fund Dodona...
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