Case Number: MDL Dkt. No. 1318
Practice Area: Securities Fraud & Investor Protection
Case Status: Settled
Settlement Amount: $111 million
Court: United States District Court for the Eastern District of Pennsylvania
Berger Montague served as both co-lead counsel and liaison counsel, and obtained a $111 million settlement on behalf of investors against IKON and certain of its officers. Led by Berger Montague shareholder Todd S. Collins, this multi-district litigation (MDL) was litigated in the United States District Court for the Eastern District of Pennsylvania as MDL Dkt. No. 1318.
From U.S. District Court Judge Marvin Katz of the U.S. District Court for the Eastern District of Pennsylvania:
“[T]he co-lead attorneys have extensive experience in large class actions, experience that has enabled this case to proceed efficiently and professionally even under short deadlines and the pressure of handling thousands of documents in a large multi-district action… These counsel have also acted vigorously in their clients’ interests….”
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“The management of the case was also of extremely high quality…. [C]lass counsel is of high caliber and has extensive experience in similar class action litigation…. The submissions were of consistently high quality, and class counsel has been notably diligent in preparing filings in a timely manner even when under tight deadlines.”
Commenting on class counsel in In re Ikon Office Solutions, Inc. Securities Litigation, 194 F.R.D. 166, 177, 195 (E.D. Pa. 2000).
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.