Jon J. Lambiras
Jon J. Lambiras, Esq., CPA, CFE is a Shareholder in the Securities and Consumer Protection practice groups. 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 made to investors. 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 litigated Antitrust pay-for-delay matters involving drug manufacturers wrongly keeping generic drugs off the market.
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, for several years from 2012 to the present, he was selected for inclusion in “Pennsylvania Super Lawyers” or “Rising Stars,” an honor conferred on less than 5% of attorneys in Pennsylvania.
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 such as The Washington Post and The Legal Intelligencer, among others. The cases on which he worked have collectively settled for hundreds of millions of dollars.
While in law school, Jon was a Lead Articles Editor for the Pepperdine Law Review. His law review article was named Student Article of the Year by Pepperdine Law Review, i.e. best article among all student articles published that year.
Jon’s speaking engagements include the following:
- “Securities Fraud Class Actions: A Primer for Certified Fraud Examiners,” 2018, presented to the Association of Certified Fraud Examiners
- “Securities Fraud Class Actions: A Bird’s Eye View,” 2017, presented to the Delaware County Bar Association
- “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 Attorney-CPAs
- “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. of Attorney-CPAs
- “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
- Past Officer of American Assoc. of Attorney-Certified Public Accountants, Philadelphia Chapter
- Member of Speaker-Search Committee, Assoc. of Certified Fraud Examiners, Philadelphia Chapter
Business and Community Leadership
- Jon is involved in various charitable activities. He has run food drives, clothing drives, toy drives, and blood drives at Berger Montague.
Prominent Judgments and 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 judgment 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 confidential amounts)
- 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
- In re TJX Companies, Inc. Retail Security Breach Litig. (class action for failure to safeguard personal data for more than 45 million consumers; settled in 2008 for various benefits valued at over $200 million in the then-largest theft of consumer data in U.S. history)
- In re Countrywide Financial Corp. Customer Data Security Breach Litig. (class action for failure to safeguard personal data for 17 million individuals; settled in 2010)
- In re Heartland Payment Systems, Inc. Customer Data Security Breach Litig. (class action for failure to safeguard credit card information for 130 million cardholders; settled in 2012)
In the News
- Berger Montague Attorneys Jon Lambiras and Lane Vines Present Securities Fraud Class Action CLE to Association of Certified Fraud Examiners
- Berger Montague Shareholder Jon Lambiras Quoted in The Legal Intelligencer re: Data Breach Issues
- Berger Montague Attorneys Jon Lambiras and Lane Vines Present Securities Fraud Class Action CLE to Delaware County Bar Association
- Berger Montague Shareholder Jon Lambiras Presents Securities Fraud Class Action CLE to the Philadelphia Chapter of the American Association of Attorney-CPAs
- How a CFO Landed in Prison
- "Hacked," A Case Study
- Inside Job: A Guide to Insider Trading
- White Collar Crime: Why the Sentencing Disparity Despite Uniform Guidelines