Case Number: Nos. 02-881; 03-4425

Practice Area: Securities Fraud & Investor Protection

Case Status: Settled

Settlement Amount: $4.9 million

Court: United States District Court for the District of New Jersey

Berger Montague served as class counsel and obtained settlements totaling $4.9 million in these related securities fraud class actions against Medi-Hut Co., Inc. The first, against Medi-Hut Co., Inc. and several of its officers, was captioned In re: Medi-Hut Inc. Securities Litigation, No. 02-881 (D.N.J.) (“Medi-Hut I”), and the second, against Medi-Hut’s auditing firm, Rosenberg, Rich, Baker, Berman and Co., was captioned Smith, et al. v. Rosenberg, Rich, Baker, Berman and Co., No. 03-4425 (D.N.J.) (“Medi-Hut II”). Both cases alleged fraudulent misstatements in Medi-Hut’s financial statements.

Medi-Hut I settled in 2004 for $400,000 in cash plus 861,990 shares of Medi-Hut common stock. Medi-Hut II settled in 2006 for $4.5 million.

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.

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