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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$100 Million Settlement – General Electric Co. ERISA Litigation
In re General Electric Co. ERISA Litigation, No. 04-1398 (N.D.N.Y.)Milberg, serving as Co-Lead Counsel, achieved a $40 million settlement on behalf of current and former G.E. employees who claimed that G.E.’s 401(k) Plan fiduciaries imprudently invested more than two-thirds of the Plan’s assets in company stock. The settlement included important structural changes to G.E.’s 401(k) plan valued at more than $100 million. -
See More$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)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. -
See More$1+ Billion Settlement – NASDAQ Market-Makers Antitrust Litigation
In re NASDAQ Market-Makers Antitrust Litigation, No. 94-3996 (S.D.N.Y.)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. -
See More$29.5+ Million Settlement – Dealer Management Systems Antitrust Litigation
Management Systems Antitrust Litigation, MDL 2817 (U.S. District Court for the Northern District of Illinois)Milberg is appointed Lead Counsel in this nationwide class action representing car dealerships, in which leading software providers are accused of entering into an unlawful agreement, monopolizing access to auto sales and service data in dealer management software. Milberg attorneys achieved a $29.5 million settlement against one defendant and the case is proceeding against the remaining defendant. -
See More$580+ Million Settlement – Cathode Ray Tube (CRT) Antitrust Litigation
In re Cathode Ray Tube (CRT) Antitrust Litigation, MDL 1917 (U.S. District Court for the Northern District of California)Milberg represented indirect purchaser plaintiffs in this class action alleging an international conspiracy among defendants to keep prices for cathode ray tube (CRT) displays artificially high. Milberg had a significant discovery role in the prosecution of this class action with settlements exceeding $580 million.
