Significant Recoveries

In re Worldcom, Inc. Securities Litigation Settled for over $6.19 billion after three years of litigation and four weeks of trial; recovered over 65% of bond damages.

$6.19 billion

In re Cendant Corporation Securities Litigation Settled for more than $3.3 billion in cash (approximately 40% of damages).

$3.3 billion

In re Bank of America Securities Litigation (Merrill Lynch Merger) By far the largest recovery for investors in a litigation arising from the financial crisis.

$2.425 billion

In re Nortel Networks Corporation Securities Litigation Settled for over $1.07 billion in cash and stock.

$1.07 billion

In re Merck & Co., Inc. Securities Litigation Settled for over $1.06 billion after 12 years of litigation and a successful appeal at the United States Supreme Court; largest securities recovery ever achieved against a pharmaceutical company.

$1.06 billion

In re McKesson HBOC, Inc. Securities Litigation Settlements totaling over $1.05 billion after seven years of litigation; largest securities recovery in Ninth Circuit history.

$1.05 billion

In re HealthSouth Bondholder Litigation $230 million for bondholders (part of $804 million total for investors) in litigation arising from longest running financial fraud in U.S. history.

$804.5 million

Washington Public Power Supply System Litigation Settled for $750 million (50% of damages) after seven years of litigation and three months of trial.

$750 million

In re Lehman Brothers Equity/Debt Securities Litigation $735 million recovery for investors in Lehman Brothers.

$735 million

In re Citigroup, Inc. Bond Action Litigation $730 million recovery for Citigroup bondholders.

$730 million

Schering-Plough Corporation/ Merck & Co., Inc. (Vytorin/Zetia Securities Litigation) Combined $688 million settlement in coordinated litigation against Merck and Schering-Plough

$688 million

In re Lucent Technologies, Inc. Securities Litigation Resolved for more than $667 million in cash, stock and warrants.

$667 million

In re Wachovia Corp. Securities Litigation $627 million recovery - second largest recovery for investors in a litigation arising from the financial crisis.

$627 million

Ohio Public Employees Retirement System, et al. v. Freddie Mac, et al. Settled for $410 million.

$410 million

In re Refco, Inc. Securities Litigation Multiple settlements with defendants which total more than $407 million.

$407 million

Merrill Lynch Mortgage Pass-Through Litigation $315 million recovery – the first ever obtained for purchasers of mortgage-back securities.

$315 million

In re Williams Securities Litigation Settled for $311 million on eve of trial.

$311 million

New York State Teachers' Retirement System v. General Motors Company Third largest securities class action recovery within the Sixth Circuit.

$300 million

In re DaimlerChrysler, Inc. Securities Litigation Settled on eve of trial for $300 million.

$300 million

In re Bristol-Myers Squibb Securities Litigation Settled for $300 million.

$300 million

In re El Paso Corporation Securities Litigation Settled for $285 million.

$285 million

In re JPMorgan Mortgage Pass-Through Litigation Settled for $280 million.

$280 million

In re 3Com Corporation Securities Litigation Settled for $259 million (50% of class’ recognized losses).

$259 million

BFA Liquidation Trust v. Arthur Andersen Settled, after six days of trial, for $217 million (70% recovery of damages for investors and retirees).

$217 million

In re Washington Mutual, Inc., Securities Litigation $208 million recovery for WaMu shareholders.

$208 million