$600 million
2021: In re Flint, Mich. Water Crisis Litigation, 16-CV-10444 (E.D.Mi.). Plaintiff Exec. Comm. Member. Global settlement with the State of Michigan for approx. $600 million.
$93 million
2012: Great Wolf Resorts, Inc. Shareholder Litig., Case No. 7328-VCN (Del. Ch. 2012). BG&G served as co-counsel and obtained a $93 million increase in merger consideration – representing a 57% premium over the original deal price. BG&G also improved the deal terms by negotiating for a waiver of standstill agreements that precluded potential bidders from making a topping bid for the company.
$45 million
2016: Groupon Inc. Securities Litigation, Case No. 12-CV-02450. BG&G served as co-counsel in this class action in the U.S. District Court for the Northern District of Illinois. The complaint alleged that the online coupon company misled them in the prospectus and registration statement. Judge Norgle approved a $45 million settlement for Groupon shareholders.
$29.7 million
2016: Hayes v. Magnachip Semiconductor Corp., Case No. 12-CV-1160 (Partial Settlement). BG&G served as co-counsel in this certified class action pending in the U.S. District Court for the Northern District of California. The complaint alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act arising out of the company’s issuance of false financial statements. The parties agreed to a partial settlement of the action for $29.7 million in cash.
$37 million
2022: In Re 2U, Inc. Securities Class Action, Case No. 03455-TDC (D. Md.). BG&G served as co-counsel and obtained a $37 million settlement. The complaint alleged violations of §§10b and §§20a of the Securities Exchange Act arising out of the company’s issuance of materially false and misleading financial information.
$24 million
2011: Force Protection, Inc. Sec. Litig., Case No. 08-CV-845 (D.S.C.). BG&G served as co-counsel in a securities class action and helped obtain a $24 million settlement on behalf of the investor class, which was represented by the firm’s class representative client.
$26.3 million
2021: Deutsche Bank AG Sec. Litigation, Case No. 1:22-cv-02854 (S.D.N.Y.). BG&G served as co-counsel and helped obtain a $26.3 million settlement. The action alleged that Deutsche Bank made materially false and misleading statements about its anti-money-laundering (“AML”) deficiencies and did not properly monitor customers it considered high risk, such as financier and accused sex offender Jeffrey Epstein.
$22 million
2012: MannKind Corporation Securities Litigation, Case No. 11-CV-00929 (C.D. Cal.). BG&G served as co-counsel in a securities class action and helped obtain a $22 million settlement. The action alleged that the defendants falsely represented the prospects for its AFREZZA product for the treatment of adult patients with Type 1 and Type 2 diabetes.
$20 million
2022: Apple Inc., iPhone 4s Litigation, Case No. 15-CV-7381 (E.D.N.Y.).BG&G served as co-lead counsel and obtained a $20 million settlement by New York and New Jersey iPhone 4S owners alleging system slow down due to system upgrade. This case was on behalf of a consumer class represented by the firm’s class representative client.
$20 million
2018: Duncan et. al v. Joy Global Inc., 2:16-cv-1229-pp (E.D. Wisc.). BG&G served as co-lead counsel in this securities class action case. The complaint alleged violations of Sections 14(a) and 20(a) of the Exchange Act, and the firm secured a $20 million settlement for the class.
$18 million
2011: Medicis Pharm. Corp. Sec. Lit., Case No. 08-CV-1821 (D.Az.). BG&G served as co-counsel and secured a favorable settlement agreement, which provided an $18 million payment to the shareholder class.
$14 million
2015: Silvercorp Metals, Inc. Securities Litigation, Case No. 12-CV-9456. $14 million settlement. BG&G served as co-counsel in this class action in the U.S. District Court for the Southern District of New York. The complaint alleged violations of §§10b of the Securities Exchange Act arising out of the company’s issuance of materially false and misleading financial information.
$7 million
2014: Blitz v. AgFeed Industries, Case No. 11-CV-0992. BG&G served as co-counsel in this consolidated class action in the U.S. District Court for the Middle District of Tennessee. The complaint alleged violations of §§10(b) and 20(a) of the Securities Exchange Act arising out of the company’s issuance of materially false and misleading financial information. The parties agreed to settle this action for $7 million in cash.
$6,193,750
2015: Cole v. Duoyuan Printing, Inc., Case No. 10-CV-7325. BG&G served as co-counsel in this class action in the U.S. District Court for the Southern District of New York. The complaint alleged violations of §§ 11, 12(a)(2) of the Securities Act of 1933 and §§10(b) of the Securities Exchange Act arising out of the company’s issuance of materially misleading statements about the company’s financial condition and internal controls. This case was settled for $6,193,750.
$3 million
2020: In re Spectrum Pharm., Inc. Inc. Sec. Lit., 16-CV-02279 (D.Nev.). BG&G served as co-lead counsel. This case was settled for approx. $3 million.
Favorable settlement
2017: In re CBD Energy Limited Securities Litig., 4:15-cv-01668 (S.D. Tex.). BG&G served as co-lead counsel in this securities class action case. The complaint alleged violations of Sections 10(b) and 20(a) of the Exchange Act, and the firm secured a favorable settlement for the class.
Favorable settlement
2018: M&M Hart Living Trust, et al. v. Global Eagle Entertainment, Inc., et al., 2:17-cv-1479-PA (C.D. Cal.). BG&G served as co-lead counsel in this securities class action case. The complaint alleged violations of Sections 10(b) and 20(a) of the Exchange Act, and the firm obtained a favorable settlement for the class.
