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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$750 Million Settlement – Carlson v. Xerox Corp
In re Carlson v. Xerox Corp., No. 00-1621 (D. Conn.)Milberg served as plaintiffs’ Co-Lead Counsel in these consolidated cases alleging that Xerox and several officers violated the federal securities laws by issuing false financial statements. The plaintiffs’ claims survived three motions to dismiss and a motion for summary judgment, ultimately resulting in a $750 million settlement in 2009. -
$68.5 Million Settlement – Parris, et al. v. Meta Platforms
Parris, et al., v. Meta Platforms, Inc., Case No.2023LA000672 (18th Cir. DuPage Cty., Ill.)Milberg served as Lead Counsel in this privacy class action under the Illinois Biometric Information Privacy Act. Milberg obtained a settlement of $68.5 million in 2023. -
Trump Hotels Shareholder Derivative Litigation
In re Trump Hotels Shareholder Derivative Litigation, No. 96-7820 (S.D.N.Y.)The plaintiff shareholders asserted various derivative claims on behalf of the company against certain Trump entities and senior Trump executives in connection with the sale of a casino to a company in which the plaintiffs owned stock. Milberg negotiated a settlement requiring the company to increase the number of directors and the review of certain future transactions by a special committee. -
$106 Million Settlement – Daedalus, LLC v. City of Charlotte
Daedalus, LLC v. City of Charlotte, Mecklenburg Co. File No. 18-CVS-21073 (NC)$106 million class settlement on behalf of developers and home builders for illegally charged water and sewer capacity fees. -
$1 Billion Settlement – W.R. Grace & Co
In re W.R. Grace & Co., Nos. 02-2210 and 02-2211 (D. Del.)In this case, Milberg acted as Lead Counsel for the asbestos personal injury and property damage committees in two separate fraudulent conveyance actions within the W.R. Grace bankruptcy. Two settlements were achieved, consisting of cash and stock valued at approximately $1 billion.