Outstanding Recoveries

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Verdicts & Settlements

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  $110 Million Settlement – CVS Corp. Securities Litigation

  In re CVS Corp. Securities Litigation, No. 01-11464 (D. Mass.)

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  Milberg served as Co-Lead Counsel in this securities class action alleging that defendants issued false and misleading statements, which artificially inflated the price of CVS stock. In 2005, the court approved a $110 million settlement.
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  $500 Million Settlement – Managed Care Litigation

  In re Managed Care Litigation, MDL 1334 (S.D. Fla.)

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  This litigation involved a series of lawsuits by physicians and medical associations alleging that the defendant insurers engaged in a scheme to obstruct, reduce, delay, and deny payments and reimbursements to health care providers. The court approved a similar settlement between a nationwide class of physicians and defendant CIGNA Healthcare valued in excess of $500 million. The settlements produced sweeping changes in the health care industry.
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  $15.25 Million Settlement – Plantation Building of Wilmington, Inc. v. Brunswick County

  Plantation Building of Wilmington, Inc. v. Brunswick County, Brunswick Co. File No. 19-CVS-647 (NC)

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  $15.25 million class settlement on behalf of developers and home builders for illegally charged water and sewer capital recovery fees.
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  $90 Million Settlement – Royal Dutch/Shell Transport ERISA Litigation

  In re Royal Dutch/Shell Transport ERISA Litigation, No. 04-1398 (D.N.J.)

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  An ERISA breach of fiduciary duty class action against the Royal Dutch/Shell Oil Group of Companies on behalf of certain of the companies’ U.S. employee investment plan participants. The $90 million settlement included important provisions regarding the monitoring and training of individuals appointed to be ERISA fiduciaries.
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  $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)

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  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.