Cases & Investigations

Ginsburg v. Philadelphia Stock Exchange

Berger Montague represented a former trader who brought a shareholder class action on behalf of minority shareholders of the Philadelphia Stock Exchange alleging breaches of fiduciary duty by directors of the exchange and the exchange itself. A settlement was reached on the eve of trial, providing for consideration valued at over $99 million to class members and significant changes to corporate governance to prevent the recurrence of the disenfranchisement that occasioned the litigation in the first place.