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 Wells Fargo & Company Securities Litigation Largest settlement in a securities class action not involving a restatement, an SEC action, or DOJ criminal charges. Top U.S. securities class action settlement of 2023, top six in the past decade, and top 17 of all time.
$1 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 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 Wachovia Corp. Securities Litigation $627 million recovery - second largest recovery for investors in a litigation arising from the financial crisis.
$627 million
In re Lucent Technologies, Inc. Securities Litigation Resolved for more than $600 million in cash, stock and warrants.
$610 million
Bear Stearns Mortgage Pass-Through Litigation $500 million recovery for investors in litigation arising from the financial crisis.
$500 million
Gary Hefler et al. v. Wells Fargo & Company et al. $480 million recovery for investors.
$480 million
In re Kraft Heinz Securities Litigation One of the top 50 securities class action settlements of all time.
$450 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
In re Cobalt International Energy, Inc. Securities Litigation Record recovery was the largest securities class action of 2019.
$335.3 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
In re Allergan, Inc. Proxy Violation Securities Litigation Settled for $250 million.
$250 million
In re Signet Jewelers Limited Securities Litigation Precedent-setting case that marks the first successful resolution of a securities fraud class action based on allegations of sexual harassment.
$240 million
In re MF Global Holdings Limited Securities Litigation Settled for $234 million.
$234 million
In re Genworth Financial Inc. Securities Litigation $219 million recovery for investors.
$219 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 $215.3 million recovery for WaMu shareholders.
$215.3 million
In re Salix Pharmaceuticals, Ltd. Securities Litigation Settled for $210 million.
$210 million
In re Wilmington Trust Securities Litigation Settled for $210 million.
$210 million
In re The Mills Corporation Securities Litigation Settled fSettled for $202.75 million - at the time, the largest securities class action recovery ever achieved in Virginia; second largest in Fourth Circuit
$202.75 million
(Wellcare) Eastwood Enterprises LLC, et al. v. Todd S. Farha, et al. $200 million settlement - largest federal securities settlement in Florida history
$200 million