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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$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. -
See More$330+ Million Settlement – Rite Aid Corp. Securities Litigation
In re Rite Aid Corp. Securities Litigation, No. 99-1349 (E.D. Pa.)Milberg served as Co-Lead Counsel in this case, in which plaintiffs asserted federal securities fraud claims based on Rite Aid’s alleged failure to disclose material problems with its store expansion and modernization program resulting in artificially inflated earnings. The court-approved settlements totaled over $330 million. -
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 MoreConfidential Settlement – Adkisson v. Jacobs Engineering Group
Adkisson et al v. Jacobs Engineering Group, Inc. (TV3), No. 3:2013cv00505 (E.D. Tenn. 2018)Milberg attorneys represented a group of hundreds of workers and their families who were injured when cleaning up a large coal ash spill in Kingston, Tennessee. The workers alleged, among other things, that the defendant had denied them essential personal protection equipment. After several rulings, the parties reached a confidential settlement agreement in 2023. -
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.
