Outstanding Recoveries

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Verdicts & Settlements

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  $178.6 Million Settlement – AK Steel ERISA Class Action

  Merkner et al. v. AK Steel Corp., No. 09-423 (S.D. Ohio)

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  Milberg attorneys were part of a team that won a $178.6 million class action settlement for a class of retired workers of the AK Steel Butler Works Plant. Retirees claimed that AK Steel negotiated to reduce their medical benefits without their consent, in violation of the Employee Retirement Income Security Act (ERISA).
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  $54 Million Settlement – Miller v. CareCore National LLC

  U.S. ex rel. Miller v. CareCore National LLC et al., No. 13-1177 (S.D.N.Y)

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  Milberg, along with Co-Counsel, represented a whistleblower or “relator” in a false claims act case against CareCore, a company that provides benefit management services to Medicare Advantage and Medicaid Managed Care Organizations. The relator alleged that CareCore violated the False Claims Act by approving “prior authorizations” for expensive diagnostic procedures (such as MRIs) without reviewing them for medical necessity, as required. The Government intervened and the case settled in May 2017 for $54 million and the relator’s share of the settlement was $10.5 million.
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  $10 Million Settlement – Target Corporation Customer Data Security Breach Litigation

  In re Target Corporation Customer Data Security Breach Litigation, No. 14-md-02522-PAM (D. Minn.)

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  Milberg represented as many as 110 million Target customers whose personal information was compromised in this landmark data breach case. Milberg, together with Co-Counsel, achieved compensation of $10 million, entitling individual consumers to recover losses of up to $10,000.
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  $600 Million Settlement – Lucent Technologies, Inc. Securities Litigation

  In re Lucent Technologies, Inc. Securities Litigation, No. 00-621 (D.N.J.)

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  Milberg served as Co-Lead Counsel in this securities action, which alleged that Lucent and its senior officers misrepresented the demand for Lucent products and improperly recognized hundreds of millions of dollars in revenues. The case settled for $600 million.
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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.