Melridge Securities Litigation
CASE NUMBER: CV-87 1426 FR
PRACTICE AREAS: Securities & Investor Protection
CASE STATUS: Settled
SETTLEMENT AMOUNT: $58 million
COURT: United States District Court for the District of Oregon
The firm served as lead counsel and co‑trial counsel for 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. The court approved settlements totaling $58 million.