Barbara A. Podell

Advanced Search

Biography

Barbara A. Podell is a Shareholder in the Securities practice group at the Firm. She concentrates her practice on securities class action litigation.

Ms. Podell graduated from the University of Pennsylvania (cum laude) and the Temple University School of Law (magna cum laude), where she was Editor-in-Chief of the Temple Law Quarterly.

Ms. Podell was one of the Firm’s senior attorneys representing the Pennsylvania State Employees’ Retirement System (“SERS”) as the lead plaintiff in the In re CIGNA Corp. Sec. Litig., No. 02-CV-8088 (E.D. Pa.), a federal securities fraud class action in which SERS moved for, and was appointed, lead plaintiff. CIGNA allegedly concealed crucial operational problems, which, once revealed, caused the company’s stock price to fall precipitously. The Firm obtained a $93 million settlement. This was a remarkable recovery because there were no accounting restatements, government investigations, typical indicators of financial fraud, or insider trading. Moreover, the case was settled on the eve of trial (22.7% of losses recovered).

Before joining the Firm, Ms. Podell was a founding member of Savett Frutkin Podell & Ryan, P.C., and before that, a shareholder at Kohn, Savett, Klein & Graf and an associate at Dechert LLP, all in Philadelphia.

Business and Community Leadership

  • Docent, The Barnes Foundation in Philadelphia.
  • Volunteer Guide, Philadelphia Museum of Art and the Rodin Museum in Philadelphia.
  • Chair, Executive Committee of the Philadelphia Museum of Art Weekend Guides, 2016-2018; Member of Executive Committee, 2012-present.
  • Chair of the 2007 annual fundraising gala for the Lower Merion Conservancy; Co-chair for the 2010 gala.
  • Member of The Women’s Committee of the Philadelphia Museum of Art.

Judicial Praise:

The Honorable Michael M. Baylson of the U.S. District Court for the Eastern District of Pennsylvania stated:

“The Court is aware of and attests to the skills and efficiency of class counsel: they have been diligent in every respect, and their briefs and arguments before the Court were of the highest quality. The firm of Berger Montague took the lead in the Court proceedings; its attorneys were well prepared, articulate and persuasive.” In re CIGNA Corp. Securities Litigation, 2007 U.S. Dist. LEXIS 51089, at *17-18 (E.D. Pa. July 13, 2007) ($93 million settlement).

Prominent Judgments and Settlements

In the News

Credentials

Education:

Law School

Temple University Beasley School of Law, J.D., magna cum laude, 1978

Ms. Podell was one of the top nine students in her law school graduating class and was editor-in-chief of the Temple Law Quarterly (Volume 51).

Undergraduate

University of Pennsylvania, B.A., cum laude, with distinction in Art History, 1972

Upon earning her Bachelor of Arts degree, Ms. Podell attended the Institute of Fine Arts of New York University and, from 1973 to 1975, was a full-time faculty member at Temple University, Philadelphia, Pennsylvania, in the Department of Art History.

Honors & Awards:

Named a 2019 Lawdragon 500 Leading Plaintiff Financial Lawyer


Admissions

Member – Pennsylvania Bar


Admitted – Pennsylvania Supreme Court

Admitted – Eastern District of Pennsylvania

Admitted – Second Circuit Court of Appeals

Admitted – Third Circuit Court of Appeals


Request A Free Consultation