Cases & Investigations

Melridge Securities Litigation

CASE NUMBER: CV-87 1426 FR
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.

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