Barbara A. Podell

Biography

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

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 Berger Montague, 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

Prominent Judgements and Settlements

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.

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


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