Case Number: No. 2019-0062-KSJM

Practice Area: Securities Fraud & Investor Protection

Case Status: Settled

Settlement Amount: $78.5 million

Court: United States District Court for the Delaware Chancery Court

Berger Montague served as Co-Lead Counsel and obtained a $78.5 million settlement in this lawsuit in which its clients were appointed as sole lead plaintiffs and challenged the procedures relating to a call right that bought out the public unitholders of CVR Refining L.P. by an entity controlled by Carl Ichan. The case was litigated in the Delaware Chancery Court and captioned In re CVR Refining, LP Unitholder Litig., Consolidated C.A. No. 2019-0062-KSJM (Del. Ch.).

On January 31, 2020, Vice Chancellor McCormick issued a Memorandum and Order mostly denying the defendants’ motions to dismiss. After full discovery, the court held a bench trial that was completed on July 31, 2021. Post-trial, the parties reached the settlement that received final approval on December 16, 2022. Larry Deutsch, Michael Dell’Angelo and Barbara Podell of Berger Montague were responsible for this matter.

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.

schedule a free consultation

"*" indicates required fields

By clicking SUBMIT you agree to our Terms of Use and Privacy Policy and you are providing express consent to receive communications from Berger Montague via calls, emails, and/or text messages.

On the Cutting Edge of the Profession

Legal Intelligencer