Outstanding Recoveries

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Verdicts & Settlements

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  $775 Million Settlement – Washington Public Power Supply System Securities Litigation

  In re Washington Public Power Supply System Securities Litigation, MDL 551 (D. Ariz.)

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  In this massive securities fraud litigation, Milberg served as Co-Lead Counsel for a class that obtained, after several months of trial, settlements totaling $775 million, the largest securities fraud settlement at that time.
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  $400+ Million Settlement – Chantix (Varenicline) Products Liability Litigation

  In re Chantix (Varenicline) Products Liability Litigation, MDL 2092 (U.S. District Court for the Northern District of Alabama, Southern Division)

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  Milberg attorneys served as Co-Lead Counsel in the Chantix Coordination in New York State Court and court-appointed member of the Plaintiffs Steering Committee in the MDL in Alabama.
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  $500 Million Settlement – Exxon Valdez

  In re Exxon Valdez, No. 89-095 (D. Alaska)

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  Milberg was a member of the Plaintiffs’ Coordinating Committee and co-chair of the Plaintiffs’ Law Committee in the massive litigation resulting from the Exxon Valdez oil spill in Alaska. The plaintiffs obtained a jury verdict of $5 billion, which, after years of appeals by Exxon, was reduced to approximately $500 million by the United States Supreme Court. The United States Court of Appeals for the Ninth Circuit has since held that plaintiffs are entitled to post-judgment interest on the award in the amount of approximately $470 million.
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  $1.14 Billion Settlement – Nortel Networks Corp. Securities Litigation

  In re Nortel Networks Corp. Securities Litigation, No. 01-1855 (S.D.N.Y.)

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  Milberg served as Lead Counsel for the class and the court-appointed lead plaintiff, the Trustees of the Ontario Public Service Employees’ Union Pension Plan Trust Fund, in this federal securities class action. In January 2007, the court approved a settlement valued at more than $1.14 billion.
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  $1+ Billion Settlement – NASDAQ Market-Makers Antitrust Litigation

  In re NASDAQ Market-Makers Antitrust Litigation, No. 94-3996 (S.D.N.Y.)

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  Milberg served as Co-Lead Counsel for a class of investors alleging that NASDAQ market-makers set wide spreads pursuant to an industry-wide conspiracy in one of the largest and most important antitrust cases in recent history. Following more than three years of litigation, the case settled for over $1 billion.