Investigations

Berman Tabacco announces that a securities class action has been filed in the Middle District of Tennessee against Acadia Healthcare Company, Inc. (“Acadia” or the “Company”) (NASDAQ: ACHC) and certain current and former officers on behalf of purchasers of Acadia…

On September 14, 2022, the Court granted final approval of the two Partial Settlements in this matter. For more information about the settlement, please see  the settlement website at:  http://www.aegeansecuritieslitigation.com/ Berman Tabacco is Lead Counsel representing Lead Plaintiff, a state public pension…

Berman Tabacco represented Aetna Life Insurance Co. in a complex four-year long state court case that culminated in a successful trial in 2016. In this matter, Aetna sued seven San Francisco Bay Area outpatient surgical facilities, certain of its principals…

Berman Tabacco, a national law firm representing investors, is investigating potential violations of Delaware law by directors of Agiliti, Inc. (“Agiliti” or the “Company”) (NYSE: AGTI). About the Investigation On February 26, 2024, Agiliti filed a Form 8-K with the U.S. Securities…

Berman Tabacco represented Oklahoma Firefighters Pension and Retirement System as a member of the Plaintiffs' Executive Committee in a case alleging breach of fiduciary duty by the board of beauty and personal care products manufacturer Alberto-Culver. The case stemmed from…

Berman Tabacco is counsel for plaintiffs in this consumer class action against defendants Allstate Insurance Company and Heap, Inc.  As alleged in the complaint, Allstate offers consumers online quotes for insurance policies by filling out a form in which the…

Berman Tabacco serves as a member of Lead Plaintiffs’ Counsel’s Executive Committee representing Alphabet shareholders suing derivatively on behalf of the Company. The shareholders allege that certain officers and board directors breached their fiduciary duties to the Company by permitting and participating in a “culture of concealment” resulting in long-standing patterns of sexual harassment and discrimination by high-powered male executives as well as by failing to implement and maintain an effective system of internal controls, which led to a serious data breach at the Company (commonly referred to as Google).

The complaint in this action alleges that JetBlue Airways Corp. and American Airlines Group, Inc. colluded, rather than competed, for customers in the Northeast through their anticompetitive agreement, called the Northeast Alliance. The complaint alleges that the airlines, through the Northeast Alliance, drove up travel costs for travelers across the country, in violation of federal antitrust laws. The complaint seeks to recover excess fees and airfare for all travelers that have flown through Boston, New York, or Newark since the defendants struck their anticompetitive Alliance.

On January 29, 2019, Berman Tabacco filed this antitrust action alleging damages, restitution, and injunctive relief against the American Express Company and American Express Travel Related Services Company, Inc. (collectively, “Amex”). This action is brought on behalf of the millions…

As co-lead counsel representing the Oklahoma Police Pension and Retirement System, Berman Tabacco negotiated a $37.25 million settlement – including $4.75 million from auditors Deloitte & Touche and $8.5 million from underwriters – despite the difficulties American Home’s bankruptcy posed…

Berman Tabacco is co-lead counsel in a class action brought on behalf of individuals who took out high interest rate loans from American Web Loan (“AWL”), an online lender that purports to be an arm of the Otoe-Missouria Tribe (the…

Berman Tabacco represents client in this derivative action alleging that certain officers and directors of AmerisourceBergen Corp. breached their fiduciary duties to the company in connection with an illegal scheme to produce and market unapproved prefilled syringes in violation of…

Berman Tabacco was co-lead counsel representing Plymouth County Retirement Association in a securities class action lawsuit against Aqua Metals, Inc. on behalf of all persons who acquired the common stock of Aqua Metals, Inc. (“Aqua Metals”) during the period between…

Berman Tabacco represented Orange County Employees Retirement System (OCERS) in the Australian Dollar LIBOR Antitrust class action, where plaintiffs alleged that traders at large banks manipulated a key currency benchmark at least as early as January 1, 2003, thereby injuring…

As a member of the executive committee representing named plaintiffs City of Brockton Retirement System and Louisiana Municipal Police Employees’ Retirement System, Berman Tabacco negotiated a $62 million settlement that was approved in 2016. The action alleged that Avon Products, Inc.…

Berman Tabacco was lead counsel representing the Oklahoma Police Pension and Retirement System and Louisiana Municipal Police Employees’ Retirement System and negotiated a settlement of $3,057,000, likely the maximum possible recovery given the “wasting” nature of defendants’ directors’ and officers’…

Berman Tabacco is liaison counsel for the class in this securities fraud class action brought under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 on behalf of all persons or entities that purchased…

The State of Michigan Retirement Systems, as lead plaintiff, negotiated $294.9 million in settlements in this marquee case arising from one of the highest-profile collapses of the 2008 financial meltdown.

Berman Tabacco is investigating potential violations of state privacy laws by the online therapy service BetterHelp, Inc. State privacy laws provide robust protection against the transmission of personal health information without consent. But unbeknownst to consumers, BetterHelp is alleged to have…

In this action, Berman Tabacco represented a class of Bluegreen shareholders in this action alleging that the Bluegreen board of directors was controlled by Bluegreen directors Alan Levan and John Abdo, and because of this, they agreed to sell Bluegreen…

Berman Tabacco was co-lead counsel representing co-lead plaintiff the Ohio Public Employees Retirement System. Lead plaintiffs reached a $175 million settlement to resolve claims brought on behalf of a class of investors who purchased BP’s American Depositary Shares between April…

Berman Tabacco represented four Ohio pension funds— Ohio Public Employees Retirement System, State Teachers Retirement System of Ohio, School Employees Retirement System of Ohio, and Ohio Police & Fire Pension Fund (the “Ohio Funds”)—in connection with an individual action filed…

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.

Berman Tabacco is Chair of Plaintiffs’ Executive Committee in the consolidated action In re California Gasoline Spot Market Antitrust, No. 3:20-cv-03131-JSC (N.D. Cal.) against multinational energy companies Vitol Inc.; SK Energy Americas, Inc.; and SK Trading International Co. Ltd., as…

Representing CalPERS, the nation's largest public pension fund, Berman Tabacco achieved settlements totaling $255 million from two rating agencies—Standard & Poor's and Moody's—for CalPERS' claims that the agencies top "AAA" ratings on the senior notes of three structured investment vehicles (SIVs) were negligent misrepresentations under California law. The settlements rank as the largest known recoveries from Moody's and S&P in a private lawsuit for civil damages relating to ratings.

Berman Tabacco was lead counsel in a nationwide antitrust class action captioned In re New Motor Vehicles Canadian Export Antitrust Litigation, No. 03-1532 (U.S. District Court, District of Maine). The firm represented car buyers who alleged that several of the…

Berman Tabacco was one of the firms leading an action on behalf of plaintiff car buyers against defendant Ford Motor Company of Canada Ltd. (“Ford Canada”) in California state court in San Francisco. The lawsuit alleged that Ford Canada and…

Berman Tabacco brought the first action centered on so-called “pay-to-delay” agreements 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.

BERMAN TABACCO INVESTIGATES CITRIX VULNERABILITY/COMCAST XFINITY DATA BREACH Berman Tabacco, a national law firm dedicated to protecting the rights of consumers and investors, is currently investigating a wide-spread Citrix Systems, Inc. bleed vulnerability that resulted in a massive Comcast Xfinity data…

Berman Tabacco serves on the Executive Committee and Plaintiffs’ Steering Committee in this consolidated class action lawsuit against Bay State Gas Company (doing business as) Columbia Gas of Massachusetts and NiSource, Inc. (collectively “Columbia Gas”) and certain Columbia Gas contractors,…

San Francisco, California--(November 9, 2023) - Berman Tabacco, a national law firm representing investors, is investigating Consolidated Communications Holdings, Inc., a Delaware corporation, (“Consolidated Communications” or the “Company”) (NASDAQ: CNSL) in connection with a take-private acquisition announced by the Company…

The firm serves as a member of the Interim Executive Committee and as liaison counsel on behalf of a proposed class of dairy farmers who sold raw milk according to prices set by the federal government. Plaintiffs allege that the…

The firm’s work in this $295 million case is believed to be the first successful prosecution of diamond giant DeBeers under U.S. antitrust laws and one where the company agreed to an injunction limiting its ability to restrict the worldwide supply of diamonds in the future. This case also serves as a template for corralling foreign monopolists.

The firm is acting as court-appointed co-lead counsel in a class action lawsuit seeking to recover money investors lost due to alleged securities law violations at Digital Domain Media Group, Inc.

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.

As liaison counsel, Berman Tabacco actively participated in this multidistrict litigation, which ultimately resulted in significant settlements with some of the world’s leading manufacturers of Dynamic Random Access Memory (DRAM) chips. The defendant chip-makers allegedly conspired to fix prices of…

Berman Tabacco represented the Oklahoma Firefighters Pension and Retirement System in this action alleging that the El Paso board of directors breached its fiduciary duties by agreeing to a less-than-value-maximizing merger transaction between El Paso and Kinder Morgan, Inc. (“KMI”),…

As co-lead counsel representing the Oklahoma Firefighters Pension and Retirement System, Berman Tabacco negotiated a $285 million settlement, including $12 million from the auditor, PricewaterhouseCoopers in this securities fraud class action. This action related to El Paso Corporation’s reporting of…

Berman Tabacco represents plaintiffs in this derivative action against the Board of Directors and certain officers of Emergent BioSolutions, Inc.  This case alleges that Emergent’s Board and management failed to implement any internal compliance or sterility testing programs, such that…

Berman Tabacco served as co-lead counsel representing co-lead plaintiff, the Louisiana Municipal Police Employees' Retirement System, in this action challenging the terms of a merger. The case settled for an 11% increase in the merger consideration valued at approximately $39…

Berman Tabacco acted as sole lead counsel in a case against Enterasys Networks, Inc., in which the Los Angeles County Employees Retirement Association was lead plaintiff. The company settled for $17 million in cash, stock valued at $33 million and…

Berman Tabacco represents the California State Teachers' Retirement System, in a class action against numerous Wall Street banks for price-fixing financial instruments tied to the Euro Interbank Offered Rate ("Euribor"). Euribor is an interest rate benchmark used globally each year…

Berman Tabacco is co-lead counsel in this antitrust class action, representing its client San Bernardino County Employees’ Retirement Association and other named plaintiffs and the putative class. This action seeks recovery for U.S. investors under federal antitrust law, for damages…

Berman Tabacco is investigating potential securities law violations by Evolv Technologies Holdings, Inc. (“Evolv” or the “Company”) (NASDAQ: EVLV, EVLVW). About the Investigation On October 25, 2024, Evolv filed a Form 8-K with the U.S. Securities and Exchange Commission disclosing that an…

Berman Tabacco served as liaison counsel in a federal securities action filed against Extreme Networks, Inc. in the Northern District of California. Extreme Networks develops and sells network infrastructure equipment, including wired and wireless devices for accessing the Internet and…

Berman Tabacco Investigates Fallon Ambulance Service Data Breach The Boston office of Berman Tabacco, a national law firm dedicated to protecting the rights of consumers and investors, is currently investigating a wide-spread data breach at now-defunct Fallon Ambulance Service (“Fallon”). The…

The firm recouped $170 million of investors’ losses in Fannie Mae during the 2007-2009 Financial Crisis without further burdening taxpayers, which required innovative legal strategies where the defendant company was under U.S. government conservatorship.

Berman Tabacco represents several current and former Massachusetts firefighters and certain of their spouses in litigation against manufacturers, designers, sellers, suppliers, and distributors of Class B firefighting foams and the specialized turnout gear (or “bunker gear”) worn by firefighters. Each…

As co-lead counsel representing the Laborers’ Annuity and Benefit System of Chicago, Berman Tabacco negotiated a $24 million settlement in a securities class action against armored vehicle manufacturer Force Protection, Inc. The settlement addressed the claims of shareholders who accused…

Berman Tabacco represented Fresno County Employees' Retirement Association as a named plaintiff in a class action alleging that the world's largest banks conspired to fix prices in the foreign exchange market in violation of the federal antitrust laws. The alleged…

As sole lead counsel representing the State Universities Retirement System of Illinois, Berman Tabacco negotiated a $40 million settlement. The case alleged that General Electric (“GE”) concealed from investors substantial credit risks in its financial services unit, GE Capital. For…

In this large multidistrict litigation, Berman Tabacco was retained by a Taft-Hartley fund and represents a putative class of end-payer plaintiffs pursuing price-fixing claims against some of this country’s largest generic drug manufacturers. Plaintiffs allege that defendants—over thirty generic drug…

On February 22, 2019, Berman Tabacco, with co-counsel, filed the first of many complaints filed in this action (City of Birmingham Ret. and Relief Sys. v. Bank of American, N.A., No. 19-cv-1704 JSR (S.D.N.Y.)), on behalf of its clients Electrical…

Berman Tabacco is investigating potential violations of state privacy laws by healthcare companies that employ tracking pixels made by Facebook, Google, and other online advertising platforms to scoop up and monetize personal health information.  Tracking pixels are small lines of…

Berman Tabacco was Lead Counsel representing Lead Plaintiff, a state public pension fund, in a securities fraud class action lawsuit against Healthcare Services Group, Inc. (“HCSG”) and several of its executive officers on behalf of all persons who acquired HSCG…

Berman Tabacco attorneys conducted a three-week jury trial against final defendant, PwC, before a settlement was reached for $8.25 million. The total settlement amount was $23.25 million. This was one of the first cases to go to trial after the…

Berman Tabacco, a national law firm dedicated to protecting the rights of consumers and investors, is currently investigating reports of unauthorized recurring charges from Hiatus Inc.  Hiatus provides a smartphone or web-based app that purports to identify and organize recurring…

Berman Tabacco, a national law firm dedicated to protecting the rights of consumers and investors, is currently investigating the installation of digital “tracking pixels” on hospital and healthcare provider websites—including patient portals used to schedule medical appointments and access health…

As co-lead counsel representing the Strategic Marketing Analysis Fund, Berman Tabacco negotiated an $18 million settlement with ICG Communications Inc. The case alleged that ICG executives misled investors and misrepresented growth, revenues and network capabilities. The court granted final approval…

After a six-week trial that resulted in a hung jury, this securities fraud class action settled for $14.5 million. Plaintiffs alleged that defendant pharmaceutical company and its officers misrepresented results of clinical trials of its AIDS drug. The claim was…

Faced with a bankrupt issuer, Berman Tabacco took on the former IndyMac directors and the investment banks that underwrote and sold dozens of IndyMac MBS certificates sold to investors allegedly based on misinformation that dramatically understated the risk profile of the securities. The $346 million settlement remains, by far, the largest MBS class action settlement where the issuing bank was insolvent.

Berman Tabacco Investigates InMarket Media and the CheckPoints and ListEase Apps Berman Tabacco is investigating the unauthorized collection and use of consumers’ sensitive location information, including potential violations of state privacy laws by data aggregator InMarket Media. State privacy laws protect against…

Berman Tabacco is sole Lead Counsel representing Oklahoma Police Pension and Retirement System in a securities fraud class action lawsuit against Inotiv, Inc. (“Inotiv”) and certain of its executive officers on behalf of all persons who (1) purchased or acquired…

Berman Tabacco was counsel for Direct Purchaser Plaintiffs in this action which alleged that the defendants engaged in collusive pricing and an illegal market allocation for sales of “interior molded doors” in violation of Section 1 of the Sherman Act,…

Berman Tabacco, as co-lead counsel representing the Massachusetts Laborers’ Pension Fund, alleged that International Rectifier engaged in numerous accounting improprieties to inflate its financial results. Berman Tabacco and its co-counsel were successful in defeating the bulk of defendants’ motions to…

Berman Tabacco represented a class of foreign investors who invested in the Jay Peak ski resort through the federal EB-5 Immigrant Investor Program. Plaintiffs alleged that their investment funds were improperly commingled and misappropriated in a Ponzi-like scheme. A $150 million settlement was reached with Raymond James in connection with their alleged involvement in the commingling of investor funds.

As chair of the executive committee representing co-lead plaintiff Louisiana Municipal Police Employees’ Retirement System, Berman Tabacco negotiated a $65 million agreement to settle claims that KLA-Tencor illegally backdated stock option grants, issued false and misleading statements regarding grants to…

Berman Tabacco represented three union clients as amicus curiae before the California Supreme Court in this consumer action alleging that Kwikset falsely labeled products as “Made in the USA.” The California Supreme Court’s ultimate opinion (Kwikset Corp. v. Superior Court,…

Berman Tabacco is counsel for plaintiffs in this consumer class action against defendants Ladder Financial, Inc. and FullStory, Inc.  As alleged in the complaint, Ladder offers consumers online quotes for insurance policies by filling out a form in which the…

Attorneys cut an innovative deal with Belgian prosecutors to obtain seized documents that proved pivotal to plaintiffs successfully resolving the cases for more than $180 million despite the fact that the fraud that left Lernout bankrupt settled.

Berman Tabacco, a national law firm representing investors, is investigating potential securities law violations by LifeStance Health Group, Inc. (“LifeStance” or the “Company”) (NASDAQ: LFST). About the Investigation On February 1, 2024, Investing.com reported that LifeStance shares “tumbled Thursday after Hindenburg Research…

The firm is Co-Lead Counsel for the proposed class of direct purchasers of lithium-ion reachargeable batteries, a class action pending in the U.S. District Court for the Northern District of California.

Are you concerned about an unfair merger or acquisition? Did your investment perform poorly after a corporate transaction? Do you have concerns about what the board of directors did—and did not—tell you? Did you lose money from your investment and…

As local counsel and key member of litigation team, Berman Tabacco actively assisted in the prosecution of this securities class action that settled for $72 million on behalf of investors. The case contended that defendants engaged in a scheme to…

The case arose out of the demutualization of insurance giant Metropolitan Life Insurance Co., where policyholder-members exchanged for consideration their interests in that mutual company for shares (or a cash equivalent) in a new stock company – MetLife, Inc. Plaintiffs…

Berman Tabacco is local counsel for plaintiffs in these consumer class action cases against defendant Natera, Inc. related to its deceptive, unfair, and abusive billing practices.  Natera is a genetic testing company in San Carlos, California that offers a range…

In re Nationwide Financial Services Inc. Consolidated Shareholders Litig., C.A. No. 3690-VCN (Del. Chancery Court)

As liaison counsel representing a class of insurers and individual consumers (or “End-Payors”), Berman Tabacco participated in this first “reverse payment” action to go to trial. Prior to trial, the consolidated plaintiffs negotiated a settlement with Teva Pharmaceuticals USA, Inc.…

Berman Tabacco, a national law firm representing investors, is investigating potential violations of Washington law by directors of Nordstrom, Inc. (“Nordstrom” or the “Company”) (NYSE: JWN). About the Investigation On April 18, 2024, Nordstrom announced that Erik and Pete Nordstrom, the Company’s…

Berman Tabacco acted as co-lead counsel in a case on behalf of indirect purchasers alleging that the defendant pharmaceutical company engaged in an illegal leveraged monopoly in the sale of its AIDS boosting drug known as Norvir (or Ritanovir). The…

This antitrust case accuses Netflix and Wal-Mart Stores of conspiring to drive up monthly prices for millions of online movie rental subscribers. The firm sits on the steering committee representing plaintiffs.

Representing minority shareholders in a tender offer, the firm obtained a settlement that both cured certain allegedly coercive aspects of the proposed transactions and provided for additional material disclosures in an amendment to the offering materials.

Berman Tabacco served as a member of the executive committee for the proposed class of direct purchasers of optical disk drives ("ODDs"), in this multidistrict litigation filed in the U.S. District Court for the Northern District of California, representing plaintiff…

Representing investors challenging insider trading in a landmark derivative action, the firm reached a historic settlement with Oracle’s then CEO, Lawrence J. Ellison, whereby he personally made $100 million in charitable donations in Oracle’s name. This settlement, one of the largest in a derivative action, stands as a rare private suit where a corporate insider was held to account for alleged insider trading activities.

As counsel for court-appointed lead plaintiff, the Louisiana Municipal Police Employees’ Retirement System, Berman Tabacco obtained an $8.1 million settlement from the company and its former CEO and CFO, which the court approved in January 2013. The case alleged that…

Berman Tabacco and its co-counsel brought this novel action against PennyMac Mortgage Investment Trust and PNMAC Capital Management, LLC ("PennyMac") on behalf of a nationwide class for violations of California’s Unfair Competition Law, California Business and Professions Code § 17200…

Berman Tabacco is co-counsel in this case alleging that Bruce Shear, the Chief Executive Officer and President of PHC, Inc. (“PHC”) was PHC’s controlling shareholder and in that role negotiated a $5 million “sweetener” for himself as a condition to…

As co-lead counsel, Berman Tabacco negotiated settlements totaling $79.75 million with the bankrupt company’s former auditors, top executives and underwriters. The case alleged that Philip Services and its executives made false and misleading statements regarding the company’s publicly reported revenues,…

Berman Tabacco served as co-Lead counsel in In re Pillar Point Antitrust and Patent Litigation, MDL 1202 (D. Az.), on behalf of a class of laser eye surgery clinics against two U.S. manufacturers of laser eye equipment who allegedly fixed…

On March 6, 2023, the Court granted final approval of the settlement in this matter. For more information about the settlement, please see the settlement website at:  https://www.portolasecuritieslitigation.com/ Berman Tabacco represented sole Lead Plaintiff Alameda County Employees’ Retirement Association in this class action,…

Berman Tabacco, a national law firm dedicated to protecting the rights of consumers and investors, is currently investigating a wide-spread data breach at Postmeds, the parent company of online pharmacy Truepill. Recently, Postmeds announced that over 2 million consumers had…

Berman Tabacco represented the former shareholders of Corrections Corporation of America, which merged with another company to form Prison Realty Trust, Inc. The action charged that the registration statement issued in connection with the merger contained untrue statements. Overcoming arguments…

Berman Tabacco, a national law firm dedicated to protecting the rights of consumers and investors, is currently investigating a wide-spread data breach at PurFoods, LLC.  PurFoods does business as Mom’s Meals, a medical meal delivery service for self-paying customers or…

Firm policy is to keep our whistleblower cases confidential in the interests of protecting client anonymity.

Berman Tabacco represents the named plaintiff and the proposed class in this class action lawsuit brought under federal and state antitrust laws and state unfair trade practices laws alleging that defendant Teva and its affiliates, embarked on a nearly decade-long…

Berman Tabacco, as co-lead counsel, negotiated a $48 million settlement with Union Oil Company and Unocal.  The agreement settled claims that the defendants manipulated the California gas market for summertime reformulated gasoline and increased prices for consumers.  The noteworthy settlement…

As lead counsel representing the Louisiana Municipal Police Employees’ Retirement System, Berman Tabacco negotiated a $75 million cash settlement from the company and Deloitte & Touche LLP. The action alleged that Reliant Energy, and later its subsidiary Reliant Resources, engaged…

Berman Tabacco is Interim Co-Liaison Counsel representing plaintiffs in a class action lawsuit against Shields Health Care Group, Inc. (“Shields”), a provider of healthcare services in the New England Region, including Massachusetts, Maine, Rhode Island, and New Hampshire.  The action…

Berman Tabacco represented plaintiff Norfolk County Retirement System in this derivative action on behalf of Sinclair Broadcast Corporation, Inc. (“Sinclair”) which was before the Honorable Catherine C. Blake in the United States District Court for the District of Maryland. Plaintiffs alleged…

Representing the Teachers’ Retirement System of Louisiana as co-lead plaintiff, Berman Tabacco negotiated a $30.5 million partial settlement with SkillSoft. Subsequently, the firm also negotiated an $8 million cash settlement with Ernst & Young Chartered Accountants and Ernst & Young…

BERMAN TABACCO INVESTIGATES SNOWFLAKE-LINKED DATA BREACHES Berman Tabacco, a national law firm dedicated to protecting the rights of consumers and investors, is currently investigating a widespread data breach affecting as many as 165 companies using Snowflake cloud storage. News reports suggest…

Berman Tabacco served as lead counsel alleging that six manufacturers of Sorbates, a food preservative, violated antitrust laws through participation in a worldwide conspiracy to fix prices and allocations to customers in the United States. The firm achieved total settlement…

JUSTICE DELIVERED Did your SPAC investment perform poorly after a merger or de-SPAC transaction? Do you have concerns about what the SPAC sponsors did—and did not—tell you? Did you lose money from your SPAC investment and want to learn more about…

As co-lead counsel, Berman Tabacco negotiated a $89.75 million cash settlement, which represented nearly 60 percent of what investors lost as a result of the change in investment. The case centered on allegations that State Street breached its fiduciary duties…

The firm partnered with lead counsel on behalf of direct purchasers in this antitrust class action against the largest steel producers in the United States. The action alleged that these steel producers, representing as much as 85% of steel production…

Berman Tabacco represented Oklahoma Police Pension and Retirement System in this securities fraud class action lawsuit against Sterling Bancorp, Inc. (“Sterling” or the “Company”), certain of its current and former officers and directors, and the underwriters for the Company’s initial…

Berman Tabacco is local counsel for plaintiffs in this consumer class action against Streamlabs LLC.  Streamlabs is a company that offers live streaming software that enables video streamers to broadcast their live stream on platforms such as YouTube and Twitch,…

Berman Tabacco represented the Louisiana Municipal Police Employees’ Retirement System as co-lead plaintiff, obtaining settlements totaling $163 million. Lead Plaintiffs alleged that defendants, including the company’s auditors, issued false and misleading statements regarding Symbol’s financial results for the years ended…

On March 25, 2024, Target Hospitality Corp. (“Target Hospitality”) filed a Form 8-K with the U.S. Securities and Exchange Commission disclosing that it has received an unsolicited non-binding proposal from Arrow Holdings S.a.r.l., an affiliate of TDR Capital LLP (“TDR”),…

Berman Tabacco served as one of counsel representing plaintiffs in a class action against makers of Thin-Film Transistor Liquid Crystal Displays (TFT-LCD) for violations of federal antitrust laws. Plaintiffs alleged that the display manufacturers unlawfully agreed to restrict the supply…

Berman Tabacco is plaintiff’s counsel representing New England Carpenters Health Benefits Fund in this antitrust class action seeking damages arising out of Celgene’s alleged unlawful exclusion of competition from the market for two drugs (i) thalidomide, which Celgene sells under…

Berman Tabacco was co-counsel in nationwide class actions brought on behalf of individuals who took out high interest online loans issued in the names of two entities purportedly operated by Native American Tribes: Plain Green and Great Plains Lending. Plaintiffs alleged that Plain Green and Great Plains Lending were controlled by non-tribal entities and individuals, including the Texas-based high-interest lender, Think Finance. Berman Tabacco and its co-counsel pioneered the prosecution of these actions as nationwide class actions and played a key role in settlements with Think Finance and related entities that provided recoveries of approximately $47 million for consumer borrowers.

The firm has been appointed to the Plaintiffs' Steering Committee and serves as Liaison Counsel for this proposed product liability class action involving toilet nut connectors.

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.

Berman Tabacco, a national law firm representing investors, is investigating Digital World Acquisition Corp. (“Digital World”) and Trump Media & Technology Group Corp., a Delaware corporation (“Trump Media”) (NASDAQ: DJT) in connection with their business combination (the “Business Combination”) and…

Berman Tabacco represented the Florida State Board of Administration as the lead plaintiff in a securities claim arising from an alleged accounting restatement related to antitrust violations. The settlement, which was approved in 2000, provided for a $40 million cash…

Berman Tabacco represents Amalgamated Bank in Central Laborers Pension Fund and Amalgamated Bank v. Burke, C.A. 2019-0299-TMR (Del. Ch.), a derivative action seeking to hold members of UnitedHealth’s Board of Directors and executives implemented incentive programs that rewarded the submission…

As co-lead counsel, Berman Tabacco negotiated a novel settlement against Unocal Corporation in an action alleging that the California oil company illegally monopolized Reformulated Gasoline (RFG), thereby forcing California consumers to pay artificially inflated prices for CARB-compliant summertime reformulated gas. RFG,…

As a member of the executive committee representing plaintiffs, Berman Tabacco secured a $45 million settlement in a lawsuit stemming from the 1999 merger that created UNUMProvident. Shareholders of both predecessor companies accused the insurer of misleading the public about…

As plaintiffs’ counsel representing named plaintiff St. Paul Teachers’ Retirement Fund Association, Berman Tabacco joined lead counsel to recover $10,250,000 on behalf of investors. Plaintiffs alleged that defendants (i) reported financial results that failed to comply with GAAP; (ii) overstated…

Berman Tabacco is sole Lead Counsel representing sole lead plaintiff Alameda County Employees’ Retirement Association in a securities fraud class action lawsuit against Veradigm Inc. (“Veradigm”) and certain of its executive officers on behalf of all persons who acquired publicly…

Berman Tabacco is proud to announce that on October 13, 2024, the parties filed a Stipulation and Agreement of Settlement, Compromise, and Release (“Stipulation”) with the Delaware Court of Chancery. The Stipulation, subject to the Court’s approval, provides for the…

Berman Tabacco was co-lead counsel representing plaintiffs Massachusetts Laborers’ Pension Fund and Employees’ Retirement System of the City of Providence in Massachusetts Laborers’ Pension Fund v. Wells Fargo & Co, C.A. No. 12997-VCG (Del. Ch. Ct.) (the “Books and Records Action”). …

Berman Tabacco served as local counsel for a class of borrowers with mortgages held and serviced by Wells Fargo in an action alleging that the bank’s payoff statements violated the Truth in Lending Act (“TILA”) as they failed to disclose…

As counsel to court-appointed bondholder representatives, the County of Fresno, California and the Fresno County Employees’ Retirement Association, Berman Tabacco helped a team of lawyers representing the lead plaintiff obtain settlements worth more than $6.13 billion.

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.

Berman Tabacco represents the California State Teachers' Retirement System in connection with two related class actions against numerous financial institutions for price-fixing financial instruments tied to the London Interbank Offered Rate ("LIBOR") for the Japanese Yen and the Euroyen Tokyo…

BERMAN TABACCO INVESTIGATES ZEROED-IN TECHNOLOGIES DATA BREACH Berman Tabacco, a national law firm dedicated to protecting the rights of consumers and investors, is currently investigating a wide-spread data breach at Zeroed-In Technologies. Recently, Zeroed-In announced that nearly 2 million consumers had…

Berman Tabacco is counsel for West Palm Beach Firefighters’ Pension Fund, a named plaintiff, in this securities fraud class action brought on behalf of investors of Zymergen securities in connection with its April 2021 initial public offering (IPO).  Zymergen, a…

This securities action filed against Zynga, Inc., a San Francisco-based social gaming company, seeks to recover losses resulting from misrepresentations made by Zynga's officers and directors about the company's business, operations and growth prospects.