Hagens Berman is one of the country's leading securities litigation firms and advises clients in both individual and class-action cases. The firm has experience, dedication and a team with the horsepower required to drive complex cases to exemplary outcomes. Our attorneys are authorities in a wide array of issues unique to federal and state securities statutes and related laws. We also use a variety of highly experienced experts as an integral part of the prosecution team.
Some of the firm's noteworthy successes on behalf of our investor clients are highlighted below.
Charles Schwab – The firm was lead counsel in this action alleging fraud in the management of the Schwab YieldPlus mutual fund. A $235 million class settlement has been approved by the court.
Enron – Hagens Berman was co-lead counsel in this ERISA litigation, which recovered more than $250 million, the largest ERISA settlement in history.
Tremont – Hagens Berman filed suit against Tremont Group Holdings on behalf of investors who alleged Tremont neglected its fiduciary duties by turning capital over to Bernard Madoff Investment Securities. The court has approved a $100 settlement for investors.
Oppenheimer – The firm was additional counsel in a case against Oppenheimer Funds that alleged Oppenheimer failed to disclose the risk associated with its Core Bond and Champion Income Funds. A $100 million settlement is pending final approval.
Boeing – This case uncovered critical production problems with the 777 airliner that were documented internally by Boeing, but swept under the rug until a pending merger with McDonnell Douglas was completed. Hagens Berman worked to uncover evidence demonstrating that the company knew of the concealed problems, eventually pressing Boeing into a record-breaking settlement of more than $92.5 million.
Morrison Knudsen – After the company took a significant write off, Hagens Berman filed a shareholder class action, alleging that MK’s senior officers had concealed hundreds of millions in losses. After bitterly fighting the suit, MK ousted the CEO and admitted the true extent of the losses. The firm recovered more than $63 million for investors.
Raytheon/Washington Group – This suit charged Raytheon with deliberately misrepresenting the true financial condition of its Raytheon Engineers & Constructors (RE&C) division in order to sell this division to the Washington Group at an artificially inflated price. The case resulted in a $39 million settlement.
U.S. West – The firm represented shareholders of U.S. West New Vector in a challenge to the proposed buyout of minority shareholders by U.S. West. As a result of this litigation, the proposed buyout was stayed, and a settlement was achieved that resulted in a $63 million increase in the price of the buyout.