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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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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...

Judge Greenlights Suit Over Goldman's Double-Dealing

March 21, 2012
An investor class action claiming Goldman Sachs Group Inc. bet against its own products can go forward, a federal judge ruled Wednesday in an opinion critical of the giant's allegedly "cynical" conduct in the run-up to the financial crisis. U.S....

Securities class-action suits fell in 2011

March 15, 2012
Securities class-action lawsuits, long a booming area of the law, dropped substantially in 2011, hitting a decade low, according to a study released Wednesday by Stanford University Law School and Cornerstone Research, a consulting and...

Citi, Discover Can't Shake Credit Card Antitrust Suit Over Arbitration

February 13, 2012
A federal judge in Manhattan on Wednesday denied a bid by Citigroup Inc. and Discover Bank to dismiss a long-running antitrust suit accusing them of conspiring with American Express and Wells Fargo to impose mandatory arbitration clauses on credit card holders from 1999 to 2003. And as detailed in the decision, much of the alleged conspiracy unfolded alongside the banks' in-house and outside counsel.

The rise (and fall?) of credit-card arbitration clauses

February 10, 2012
Litigation over arbitration clauses is as ubiquitous as Marc Jacobs frocks at Lincoln Center during New York's Fashion Week. (Not a fashionista? Then let's just say we here at On the Case can't stop writing about plaintiffs trying to get around...

Price-Fixing MDL Settlements Reach $500M With Air Canada

February 9, 2012
Air Canada on Wednesday resolved allegations that it conspired with other airlines to fix the price of freight shipping to and from the U.S., becoming the latest company to settle in a multidistrict litigation that has now netted customers nearly $500...

Antitrust Claims Against Citigroup, Discover Stay Alive

February 8, 2012
A New York federal judge on Wednesday refused to dismiss claims against Discover Bank and Citigroup Inc. in the multidistrict litigation claiming credit card issuers conspired to insert anti-competitive arbitration clauses in their customer agreements. ...


February 6, 2012
Philadelphia, PA, February 6, 2012 - The law firm of Berger & Montague, P.C., with the law firm of Cohn Lifland Pearlman Herrmann & Knopf LLP serving as local counsel, has brought a class action in state court in New Jersey against the Housing...
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