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Bernstein Liebhard LLP
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Monetary Recoveries
The attorneys at Bernstein Liebhard LLP have established a national reputation as premier litigators with a record of recovering substantial monies in class action litigations. Since the Firm's founding in 1993, the Firm has recovered more than $2 billion for our clients and shareholders. The following monetary recoveries are among Bernstein Liebhard LLP's notable achievements:
• In re Royal Dutch/Shell Transport Securities Litigation, No. 04-374 (D.N.J. 2008) (minimum value to the class of U.S. shareholders of $122.5 million and a potential value of more than $183 million. As part of the settlement, the Firm also secured an additional $23.342 million for the members of a European class that settled with Shell in 2007 for more than $350 million. According to U.S. District Judge Joel A. Pisano, lead plaintiffs and the Firm were a “substantial factor” in creating the European settlement.);
• In re Deutsche Telekom AG Securities Litigation, No. 00 CV 9475 (S.D.N.Y. 2005) ($120 million)
• In re Cigna Corp. Securities Litigation, No. 2:02 CV 8088 (E.D. Pa. 2007) ($93 million)
• In re Bankers Trust Securities Litigation, No. 1:98-CV-08460 (S.D.N.Y. 2002) ($58 million; 100% recovery of loss)
• In re Bausch & Lomb, Inc. Securities Litigation, No. 6:94-CV-06270 (W.D.N.Y. 1998) ($42 million)
• In re Procter & Gamble Company Securities Litigation, No. 1:00-CV-00190 (S.D. Ohio 2001) ($49 million)
• In re BellSouth Corp. Securities Litigation, No. 1:02-CV-2142 (N.D. Ga. 2007) ($35 million)
• Di Giacomo v. Plains All American Pipeline, LP, No. 4:99-CV-4137 (S.D. Tex. 2001) ($24.1 million)
• In re Riscorp Inc. Securities Litigation, No. 8:96-02374 (M.D. Fla. 1998) ($21 million)
• In re Lumenis Securities Litigation, No. 02-CV-1989 (S.D.N.Y. 2008) ($20.1 million);
• In re TASER International Securities Litigation, No. C05-0115 (D. Ariz. 2006) ($20 million)
• In re Gilat Satellite Networks, Ltd. Securities Litigation, No. CV-02-1510 (E.D.N.Y. 2007) ($20 million)
• Rush v. Footstar, Inc., No. 02 CV 9130 (S.D.N.Y. 2005) ($19.3 million)
• In re Arco Chemical Company Shareholders Litigation, No. 16493-NC (Del. Ch. 2002) ($17.6 million; minority shareholders represented by the Firm received over 50% of claimed value left on table in merger
discussions, and actually received more than a controlling shareholder in the sale of the company)
• In re JDN Realty Corp. Securities Litigation, No. l:00-CV-01571 (N.D. Ga. 2002) ($16.8 million)
• In re Terayon Communication System, Inc. Securities Litigation, No. C-00-1967 (N.D. Cal. 2006) ($15 million);
• In re SeeBeyond Technologies Securities Litigation, No. 02-CV-5330 (C.D. Cal. 2004) ($13.1 million)
• In re Willbros Group. Inc. Securities Litigation, No. 05-CV-1778 (S.D. Tex. 2006) ($10.5 million)
• In re Cyberguard Corp. Securities Litigation, No. 0:98-CV-06879 (S.D. Fla. 2004) ($10 million)
• In re NTL, Inc. Securities Litigation, No. 02-CV-3013 (S.D.N.Y. 2006) ($9 million)
• In re Revlon Inc. Securities Litigation, No. 1:99-CV-10192 (S.D.N.Y. 2003) ($9.9 million)
• In re Mercator Software Inc. Securities Litigation, No. 3:00-CV-01610 (D. Conn. 2002) ($8.2 million)
• Meigs v. Quality Distribution, Inc., No. 8:04 CV 335 (M.D. Fla. 2005) ($8.15 million)
• In re Take-Two Interactive Software, Inc. Securities Litigation, No. 1:01-CV-09919 (S.D.N.Y. 2002) ($7.5 million)
• In re Turnstone Systems, Inc. Securities Litigation, No. 4:01-CV-01256 (N.D. Cal. 2003) ($7 million)
• In re NCI Building Systems, Inc. Securities Litigation, No. 4:01-CV-01280 (S.D. Tex. 2004) ($7 million)
• In re The St. Paul Companies, Inc. Securities Litigation, No. 02 Civ. 3825 (D. Minn. 2004) ($6.325 million)
• In re Abercrombie & Fitch Co. Securities Litigation, No. M21-83 (S.D.N.Y. 2006) ($6.5 million)
• In re Sipex Corp. Securities Litigation, No. 05-CV-00392 (N.D. Cal. 2006) ($6 million)
• Parnes v. Delta Financial Corp., No. 0:99-CV-07033 (E.D.N.Y. 2003) ($5.6 million)
• In re Housecall Medical Services Securities Litigation, No. 1:96-CV-02214 (N.D. Ga. 2000) ($5.49 million)
• In re Telik, Inc. Securities Litigation, No. 07cv4819 (CM) (S.D.N.Y. 2008) ($5 million, preliminarily approved by Court);
• In re Aetna, Inc, Securities Litigation, No. 01-CV-97 (S.D.N.Y. 2005) ($5 million)
• In re Plug Power, Inc. Securities Litigation, No. 1:00-CV-05553 (E.D.N.Y. 2005) ($5 million)
• In re Analytical Surveys, Inc. Securities Litigation, No. IP00-0201 (S.D. Ind. 2001) ($4 million cash and $1,256,000 in stock)
• In re Safety Components, Inc. Securities Litigation, No. 2:00-CV-00082 (D.N.J. 2001) ($4.5 million)
• In re Fidelity Holdings Securities Litigation, No. 1:00-CV-05078 (E.D.N.Y. 2003) ($4.45 million)
• In re Sunterra Corp. Securities Litigation, No. 6:00-CV-79 (M.D. Fla. 2005) ($4.45 million)
• In re Party City Corp. Securities Litigation, No. 2:99-CV-01353 (D.N.J. 2003) ($3.8 million)
• In re Schick Technologies Inc. Securities Litigation, No. 9:98-CV-07802 (E.D.N.Y. 2001) ($3.4 million)
• In re Westell Technologies, Inc. Securities Litigation, No. 1:00-CV-06735 (N.D. Ill. 2003) ($3.35 million)
• Bellocco v. Curd (Uniroyal Technology Corp.), No. 8:02-CV-1141 (M.D. Fla. 2006) ($2.65 million)
• In re MCSi, Inc. Securities Litigation, No. 3:03-cv-015 (WHR) (S.D. Ohio 2008) ($2.25 million, preliminarily approved by court).
