Bear Stearns Companies
The State of Michigan Retirement Systems is lead plaintiff in this marquee case arising from one of the highest-profile collapses of the 2008 financial meltdown.
Bristol-Myers II
This case was on appeal when the defendants agreed to a $300 million cash settlement following a district court judge’s dismissal of the claims.
Canadian Car Antitrust
This antirust case accuses major auto manufacturers of conspiring to stop the lawful export of Canadian vehicles to the United States, forcing U.S. consumers to pay more for identical new vehicles.
Cardizem CD Antitrust
Berman DeValerio brought the first action centered on so-called “reverse payments” between a brand name drug maker and a generic drug maker. It resulted in an $80 million settlement from the companies accused of keeping a generic version of the blood pressure medication Cardizem CD off the market.
De Beers Antitrust
The firm’s work in this $295 million case – believed to be the first successful prosecution of diamond giant DeBeers under U.S. antitrust laws – serves as a template for corralling foreign monopolists.
Digital Lightwave
Defrauded investors ended up recovering more than $200 million – twice what they had lost – thanks to a carefully calculated decision to include undervalued stock in the settlement.
Fannie Mae II
Recouping investors’ losses in Fannie Mae without further burdening taxpayers will require innovative legal strategies; the defendant company is under U.S. government conservatorship.
Lernout and Hauspie
Attorneys cut an innovative deal with Belgian prosecutors to obtain seized documents that proved pivotal to plaintiffs’ success. Two lawsuits stemming from a fraud that left Lernout bankrupt settled for a total of more than $180 million.
Moody’s
The firm represents the nation's largest public pension fund in a pioneering attempt to hold credit rating agencies financially responsible for their alleged negligence in rating Structured Investment Vehicles.
Online DVD Rental Antitrust
This antitrust case accuses Netflix and Wal-Mart Stores of conspiring to drive up monthly prices for millions of online movie rental subscribers. Berman DeValerio sits on the steering committee representing plaintiffs.
Oracle
In a derivative action on behalf of Oracle Corporation, Oracle Chief Executive Officer Lawrence J. Ellison agreed to make $100 million in charitable donations in Oracle's name to resolve insider trading claims.
Toys“R”Us Antitrust
This case accused Toys“R”Us of colluding with toymakers to keep popular toys out of discount stores. As part of the $56 million settlement, Toys”R”Us agreed to donate $36 million in toys to charity. The case developed the antitrust laws with respect to a “hub and spoke” conspiracy where a downstream power seller coerces upstream manufacturers to the detriment of consumers.
Unocal Antitrust
California consumers charged that Union Oil Company and Unocal Corporation manipulated the market for summertime reformulated gasoline. A creative settlement delivered clean air benefits and funding for alternative fuels research.
Xerox
It took nearly a decade of hard-fought litigation, but when this shareholder lawsuit settled for $750 million, it ranked as the tenth largest of all time. The firm represented the only institutional lead plaintiff in the case, the Louisiana State Employees’ Retirement System.