Case Number: No. 99-CV-0121-L
Practice Area: Securities Fraud & Investor Protection
Case Status: Settled
Settlement Amount: $15.25 million
Court: United States District Court for the Southern District of California
In the Ashworth Securities Litigation, Berger Montague served as Co-Lead Counsel on behalf of the New Hampshire Retirement System and obtained a $15.25 million recovery plus substantial corporate governance benefits that strengthened the power of the independent members of the Board of Directors. The non-monetary benefits included an increase in the number of independent directors, limits on the length of time directors could serve, retention by senior management of specified amounts of stock, and the establishment and implementation of a Lead Independent Director.
If you are an investor and have questions about a potential securities fraud lawsuit, please contact Berger Montague.
About Berger Montague
Berger Montague is a national law firm focusing on complex civil litigation in federal and state courts throughout the United States. For over half a century, Berger Montague has played lead roles in consequential, precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago, Minneapolis, San Diego, San Francisco, Toronto, and Washington, D.C.