Merrill Lynch Securities Litigation
CASE NUMBER: 07-CV-09633
PRACTICE AREAS: Government Representation,Securities & Investor Protection
CASE STATUS: Settled
SETTLEMENT AMOUNT: $475 million
COURT: United States District Court for the Southern District of New York
Berger Montague, as co-lead counsel, obtained a recovery of $475 million in 2009 for the benefit of the class in one of the largest recoveries among the recent financial crisis cases. (Civil Action No. 07-CV-09633 (S.D.N.Y.)).
Judge Jed Rakoff, in reviewing the settlement noted:
The lead plaintiff has made “very full and well-crafted” and “excellent submissions” and a “very fine job [was] done by plaintiffs’ counsel in this case.” The attorney fees requested were “eminently reasonable” and “appropriately modest.” This was “surely a very good result under all the facts and circumstances.”
