Outstanding Recoveries
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Verdicts & Settlements
Since Milberg’s founding in 1965, the firm has recovered more than $50 billion for our clients while prompting meaningful changes in corporate governance.
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See More$120 Million Settlement – Deutsche Telekom AG Securities Litigation
In re CVS Corp. Securities Litigation, No. 01-11464 (D. Mass.)Milberg served as Co-Lead Counsel in this securities action on behalf of a class of purchasers of American Depository Receipts. The plaintiffs alleged that Deutsche Telekom improperly failed to disclose plans to make a major corporate acquisition and overstated the value of real estate assets. In 2005, following extensive discovery, including depositions in Germany, the court approved a $120 million cash settlement. -
See More$25 Million Settlement – U.S. ex rel. Gonzales v. J.W. Carell Enterprises, Inc.
U.S. ex rel. Gonzales v. J.W. Carell Enterprises, Inc. et al., No. 12-00389 (M.D. Tn.)Milberg represented a whistleblower or “relator” in a false claims act case against one of Tennessee’s largest home healthcare providers, which alleged the company’s fraudulent submissions of Medicare and Medicaid claims. The Government intervened and the case settled in November 2014 for $25 million and the relator’s share of the settlement was $3.9 million. -
See More$178.6 Million Settlement – AK Steel ERISA Class Action
Merkner et al. v. AK Steel Corp., No. 09-423 (S.D. Ohio)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). -
See More$180 Million Settlement – Blessing v. Sirius XM Radio, Inc.
In re Blessing v. Sirius XM Radio, Inc., No. 09-10035 (S.D.N.Y.)This antitrust case stemmed from the 2008 merger of Sirius Satellite Radio, Inc. and XM Satellite Holdings, Inc. that created Sirius XM, the nation’s only satellite radio company. The plaintiffs alleged that the merger of the only two U.S. satellite radio providers was an illegal move to eliminate competition and monopolize the satellite radio market. Milberg achieved a settlement for the class valued at $180 million. -
See More$1.14 Billion Settlement – Nortel Networks Corp. Securities Litigation
In re Nortel Networks Corp. Securities Litigation, No. 01-1855 (S.D.N.Y.)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.
