Case Number: No. CV-87 1426 FR
Practice Area: Securities Fraud & Investor Protection
Case Status: Settled
Settlement Amount: $58 million
Court: United States District Court for the District of Oregon
Berger Montague served as lead counsel on behalf of a class of purchasers of Melridge common stock and convertible debentures. A four‑month jury trial yielded a verdict in plaintiffs’ favor for $88.2 million, and judgment was entered on RICO claims against certain defendants for $239 million. Following additional proceedings, the court approved settlements totaling $58 million. The case was litigated in the United States District Court for the District of Oregon.
From Judge Helen J. Frye, U.S. District Judge for the United States District Court for the District of Oregon:
“In order to bring about this result [partial settlements then totaling $54.25 million], Class Counsel were required to devote an unusual amount of time and effort over more than eight years of intense legal litigation which included a four-month long jury trial and full briefing and argument of an appeal before the Ninth Circuit Court of Appeals, and which produced one of the most voluminous case files in the history of this District.” …
“Throughout the course of their representation, the attorneys at Berger Montague … who have worked on this case have exhibited an unusual degree of skill and diligence, and have had to contend with opposing counsel who also displayed unusual skill and diligence.”
In Re Melridge, Inc. Securities Litigation, No. CV 87-1426-FR (D. Oregon April 15, 1996).
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.