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$15.3 Million Settlement – Upright Builders, Inc. v. Town of Apex
Upright Builders, Inc. v. Town of Apex, Wake Co. File No. 18-CVS-3720 (NC)$15.3 million class settlement on behalf of developers and home builders for illegally charged water and sewer capacity replacement fees and transportation fees. -
See More$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. -
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$200 Million Settlement – CMS Energy Corp. Securities Litigation
In re CMS Energy Corp. Securities Litigation, No. 02-72004 (E.D. Mich.)Milberg served as Co-Lead Counsel for the class in this securities fraud case arising out of CMS Energy’s alleged “round-trip” trading practices. The court approved a cash settlement of more than $200 million. -
See More$1 Billion+ Trial Verdict – Vivendi Universal, S.A. Securities Litigation
In re Vivendi Universal, S.A. Securities Litigation, No. 02-CV-5571 (S.D.N.Y.)Milberg was one of two Lead Trial Counsel in this securities fraud case tried to a jury over four months in 2009-2010. The jury found Vivendi liable for dozens of false or misleading statements and awarded damages valued at well over a billion dollars. Six months later, in an unrelated case, the Supreme Court ruled that purchasers on foreign securities exchanges could not recover under U.S. law. Our case against Vivendi continued with post-verdict proceedings under the new standard, and damages have been distributed to U.S. class members totaling over $100 million.
