Cases & Investigations

Call Option Fraudulent Manipulation

We are investigating a widespread fraud that impacts upon the average investor who sells (writes) calls in stocks that pay dividends. If you have sold such calls within the past five (5) years you may call us to discuss.

  • Pending
  • Commodities & Financial Instruments, Securities & Investor Protection
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In re: Commodity Exchange, Inc., Gold Futures and Options Trading Litigation

The Bank of Nova Scotia, Barclays Bank plc, Deutsche Bank Ag, HSBC Bank plc and Société Générale are all members of the London Gold Market Fixing Ltd., which conducts the London Gold Fixing. The London Gold Fixing is a twice daily process where the defendants set an important benchmark price for gold.

  • Settled
  • Antitrust, Commodities & Financial Instruments
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In Re: Libor-Based Financial Instruments Antitrust Lawsuit

Berger Montague is counsel to a proposed class of investors who transacted in Eurodollar futures contracts and options on futures contracts on the Chicago Mercantile Exchange (“CME”) between August 2007 and May 2010. The consolidated class action lawsuit, In Re: Libor-Based Financial Instruments Antitrust Litigation, alleges that the banks colluded to misreport and manipulate Libor rates, thereby harming investors in futures, swaps, and other Libor-based derivative products.

  • Pending
  • Antitrust, Commodities & Financial Instruments
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Manipulative Options Trading Lawsuit

This lawsuit alleges widespread manipulation of call options on the Philadelphia exchange by market makers and brokers on dividend paying stocks and exchanged traded funds over several years.  A market maker is a broker-dealer, who enjoys certain margin and trading privileges because of their status, that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security.

  • Pending
  • Commercial Litigation, Commodities & Financial Instruments
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MF Global Litigation

Berger Montague filed a Consolidated Amended Class Action Complaint on November 5, 2012, in which it alleged that individuals and entities associated with the MF Global debacle — including PricewaterhouseCoopers LLP, CME Group, Inc., and former Senator Jon Corzine — violated numerous laws, including the Commodity Exchange Act, when more than $1 billion disappeared from MF Global’s customers’ accounts.

  • Settled
  • Commercial Litigation, Commodities & Financial Instruments
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PFG Best/Peregrine Futures Customer Account Class Action Lawsuit

Berger Montague has been named co-lead counsel in a class action on behalf of futures account holders of PFG Best/Peregrine, whose segregated account funds have been effectively frozen following reports of “accounting irregularities” at the futures brokerage firm and a reported suicide attempt by its founder and owner Russell R. Wasendorf, Sr.

  • Pending
  • Commercial Litigation, Commodities & Financial Instruments
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