Securities Litigation

$79.75 million recovery for class of United States investors in Philip Services Corp. securities

 

$100 million recovery for manipulation of natural gas commodity markets

 

$78.7 million recovery for major municipal pension funds which invested in WorldCom securities

 

$27.25 million for shareholder class of purchasers of CINAR securities

 

Won rights for U.S. shareholders to sue foreign companies who sell securities in the U.S. for Class of investors in Philip Services Corp. securities

 

$22.8 million for class of holders of MBNA credit cards

 

$106 million recovery for class of shareholders of Reliance Acceptance Group Inc.

 

Healthcare Litigation

Dismissal of class action lawsuit for Aetna, Inc.

 

$80 million class settlement for class of end-payers, led by our clients, Wisconsin BC/BS and Aetna, which puchased Cardizem CD

 

Won allocation of 82% of a $44 million Warfarin Sodium settlement for class of third party payers

 

Favorable (but confidential) Opt Out Settlement for TPPs which Purchased Augmentin including Humana, CIGNA, Aetna and United Healthcare

 

$55 million settlement for group of health insurers that overpaid for Lupron including Humana, CIGNA and others

 

$28.7 million class settlement for class of consumers and third party payers who purchased Hytrin

 

$15 million plus settlement for group of third party payers, including Aetna and CIGNA, who purchased Relafen

 

Private settlement (amount confidential) for TPPs, including GM, IBM, Verizon, GE, Aetna, CIGNA, WellPoint, and others who purchased Baycol

 

Intervened in class action and successfully protected contractual rights to recover from Medco for our clients Verizon, CIGNA, a group of Blue Cross plans and all class members

 

Won federal appeals court reversal recognizing third party payer right of recovery for overpayment for defective drugs for class of third party payers led by our client Blue Cross/Blue Shield of Louisiana

 

Shareholder and Board Actions

Increase in share price and change in voting rights to ensure fair review of proposal for Aramark shareholder class led by UFCW Tri-State Pension Fund

 

Settlement gaining board seats and reimbursement of litigation expenses from Delcath Systems, Inc. following victory in emergency appeal for Laddcap Value Partners

 

Blocked ratification of an unfavorable new management agreement for Salomon Brothers Asset Management by winning precedent setting opinion for Karpus Investment Management

 

Additional compensation for class of NYSE seatholders in Archipelago Merger

 

$99 million of additional merger compensation for class led by our client Dolphin Limited Partners

 

Won appraisal award after trial of $2.43 per share more than public shareholders who did not seek appraisal for clients holding Travelocity securities including an institutional investor and an investment advisor

 

Incumbent director elections invalidated, new election ordered and entire board of directors of MVC Capital replaced with our clients' slate for Millennium Partners

 

Successful opt-out strategy in DaimlerChrysler Litigation led to highly favorable (confidential) recovery for our clients relative to class settlement for Glickenhaus & Co. and corporate affiliates