Cases & Investigations

Merrill Lynch Securities Litigation

CASE NUMBER: 07-CV-09633
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.”

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