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Results Achieved
Securities Litigation
$169.5 Million Settlement of Options Backdating Fraud Litigation Against Juniper Networks and Others Led By New York City pension funds Preliminarily Approved
The Lowey Firm and Co-Lead Counsel, Recover $69 million for Stockholders of Affiliated Computer Services on the Eve of Trial, in Settlement of their Challenge to the Terms of the ACS Merger With Xerox
Lowey Dannenberg Obtains Temporary Restraining Order for Mutual Funds Managed by Federated Investors, Enjoining the Republic of Argentina From Cancelling $60 Million Face Value of Bonds Erroneously Tendered, Resulting in Return of Those Bonds
Lowey Dannenberg Cohen & Hart P.C., Lead Counsel for the New York State Common Retirement Fund, Receives Final Approval of Settlement
Lowey Dannenberg Cohen & Hart, P.C. Announces Final Approval of Luminent Mortgage Capital, Inc. Securities Class Action Settlement
Lowey Dannenberg Pierces Claims of Privilege Regarding Juniper Audit Committee Investigation
$79.75 million recovery for class of United States investors in Philip Services Corp. securities
$100 million recovery for manipulation of natural gas commodity markets
$78.7 million recovery for major municipal pension funds which invested in WorldCom securities
$27.25 million for shareholder class of purchasers of CINAR securities
Won rights for U.S. shareholders to sue foreign companies who sell securities in the U.S. for Class of investors in Philip Services Corp. securities
$22.8 million for class of holders of MBNA credit cards
$106 million recovery for class of shareholders of Reliance Acceptance Group Inc.
Healthcare Litigation
Lowey Dannenberg Counsel to Third Party Payers in $350 Million McKesson Settlement
Lowey Dannenberg Third Party Payer Allocation Counsel for $89 Million Bextra Settlement
$65 Million Settlement with Merck after Lowey Dannenberg Prosecutes Claims for Fraudulent Marketing of Vioxx
Lowey Dannenberg Prosecutes and Settles Reimbursement Liens on Behalf of More than 40 Health Insurers vs. $4.85 Billion Vioxx Settlement Fund
Lowey Dannenberg Wins Dismissal of Class Action against Aetna, Inc., Rawlings & Co., and Coach, Inc. Alleging Violations of ERISA and the Fair Debt Collection Practices Act
Dismissal of class action lawsuit for Aetna, Inc.
$80 million class settlement for class of end-payers, led by our clients, Wisconsin BC/BS and Aetna, which puchased Cardizem CD
Won allocation of 82% of a $44 million Warfarin Sodium settlement for class of third party payers
Favorable (but confidential) Opt Out Settlement for TPPs which Purchased Augmentin including Humana, CIGNA, Aetna and United Healthcare
$55 million settlement for group of health insurers that overpaid for Lupron including Humana, CIGNA and others
$28.7 million class settlement for class of consumers and third party payers who purchased Hytrin
$15 million plus settlement for group of third party payers, including Aetna and CIGNA, who purchased Relafen
Private settlement (amount confidential) for TPPs, including GM, IBM, Verizon, GE, Aetna, CIGNA, WellPoint, and others who purchased Baycol
Intervened in class action and successfully protected contractual rights to recover from Medco for our clients Verizon, CIGNA, a group of Blue Cross plans and all class members
Won federal appeals court reversal recognizing third party payer right of recovery for overpayment for defective drugs for class of third party payers led by our client Blue Cross/Blue Shield of Louisiana
Shareholder and Board Actions
Increase in share price and change in voting rights to ensure fair review of proposal for Aramark shareholder class led by UFCW Tri-State Pension Fund
Settlement gaining board seats and reimbursement of litigation expenses from Delcath Systems, Inc. following victory in emergency appeal for Laddcap Value Partners
Blocked ratification of an unfavorable new management agreement for Salomon Brothers Asset Management by winning precedent setting opinion for Karpus Investment Management
Additional compensation for class of NYSE seatholders in Archipelago Merger
$99 million of additional merger compensation for class led by our client Dolphin Limited Partners
Won appraisal award after trial of $2.43 per share more than public shareholders who did not seek appraisal for clients holding Travelocity securities including an institutional investor and an investment advisor
Incumbent director elections invalidated, new election ordered and entire board of directors of MVC Capital replaced with our clients' slate for Millennium Partners
Successful opt-out strategy in DaimlerChrysler Litigation led to highly favorable (confidential) recovery for our clients relative to class settlement for Glickenhaus & Co. and corporate affiliates
Commercial Litigation
Lowey Dannenberg Wins Preliminary Approval of Pennsylvania Best Buy Class Action Settlement
Lowey Dannenberg Wins Preliminary Approval of New York Best Buy Class Action Settlement
Claims Against Sears for False "Made in USA" Advertising Upheld