Major Cases

Lite DePalma Greenberg obtained a $193 million settlement in a nationwide securities fraud class action against Motorola, Inc. Lite DePalma Greenberg served as Co-Lead Counsel for the Class, and for the court-appointed Lead Plaintiff, the State of New Jersey, Division of Investment. The settlement was reached shortly before trial was scheduled to begin, after four years of hotly contested litigation, in the United States District Court for the Northern District of Illinois. The settlement is one of the largest securities fraud settlements ever in the Seventh Circuit.

Lite DePalma Greenberg won $281.5 million in settlements in a nationwide securities class action against Tenet Healthcare Corporation. Lite DePalma Greenberg served as Co-Lead Counsel for the Class. The case was filed in 2003 in the United States District Court for the Central District of California. $215 million of that settlement came from Tenet, and the $1.5 million was paid by the former officers. The Class reached a separate settlement with KPMG for $65 million, which is one of the largest securities fraud settlements with an accountant defendant ever obtained.

Lite DePalma Greenberg won final approval of a $768 million settlement in a nationwide insurance sales practices class action against Massachusetts Mutual Life Insurance Company. Lite DePalma Greenberg served as Co-Lead Counsel for the Class. The settlement, is the third largest insurance sales practices settlement in history. It represents the culmination of nearly ten years of litigation in courts around the country. Varacallo v. Massachusetts Mutual Life Ins. Co., 226 F.R.D. 207 (D.N.J. 2005).

Lite DePalma Greenberg obtained a $185 million settlement of a nationwide securities class action against Bristol-Myers Squibb. Lite DePalma Greenberg served as liaison counsel for the Class. The settlement was granted final approval by the United States District Court for the District of New Jersey.

Lite DePalma Greenberg won final approval of a settlement in a consumer fraud case involving model year 2000 and 2001 Ford F-150 vehicles. The settlement covers four states, New Jersey, Pennsylvania, California, and South Carolina. Lite DePalma Greenberg obtained certifications of New Jersey and Pennsylvania classes and was named Co-Lead Counsel for those classes. The plaintiffs alleged that Ford had charged extra for towing packages on the F-150 vehicles, that part of that extra charge was for an upgraded radiator, and that, as Ford later admitted, Ford did not equip any of those vehicles with the upgraded radiator. The settlement provides every class member with the right to make a claim for what discovery revealed was the full value of the difference between the standard and upgraded radiators, or for 50% of the actual cost that a class member paid to have the upgraded radiator installed.

Lite DePalma Greenberg helped achieve three partial settlements in In re Insurance Brokerage Litigation, a multi-district litigation that is pending in the United States District Court for the District of New Jersey. Lite DePalma Greenberg serves as Liaison Counsel for the Commercial Case in that matter. The Zurich Defendants have agreed to pay at least $121.8 million, the Marsh Defendants agreed to pay over $62 million, and the Gallagher Defendants have agreed to pay $28 million.