Berman Tabacco served as co-lead counsel in nationwide class action litigation brought on behalf of individuals who took out high interest rate loans from two tribal lenders affiliated with a Texas-based payday lender, Think Finance: Plain Green, an online lender that purports to be an arm of the Chippewa Cree Tribe of the Rocky Boy’s Reservation and Great Plains Lending (“GPL”), an online lender that purported to be an arm of the Otoe-Missouria Tribe. Plaintiffs alleged that Think Finance and other individuals and entities unaffiliated with the Tribes created Plain Green and GPL in a “rent-a-tribe” scheme designed to circumvent state and federal law, including RICO, usury laws, and other laws against high-interest “payday loans,” to make small-dollar loans that carried annual interest rates in excess of 360%. The loan agreements associated with plaintiffs’ loans purported to be governed by the laws of the Tribes (not the law of the borrower’s home state or federal law), and sought to force all disputes into arbitration that would be governed by tribal law only. Berman Tabacco and their co-counsel played a leading role in the development and prosecution of the litigation as nationwide RICO class actions – including at the U.S. Court of Appeals for the Second Circuit and the U.S. Supreme Court – and the successful resolution of claims against Think Finance and related entities that provided over $47 million in relief to consumer borrowers.
Jay Peak, EB-5 Fraud
Berman Tabacco served as co-counsel for plaintiffs in a class action brought on behalf of investors in limited partnerships associated with the Jay Peak Ski Resort in Vermont. Plaintiffs, foreign nationals whose investments were made through the federal EB-5 Immigrant Investor Program, alleged that over $200 million in investor funds were misappropriated and/or otherwise misused in an elaborate, Ponzi-like scheme. Defendants’ scheme was revealed in April 2016, when the U.S. Securities and Exchange Commission announced multiple securities fraud charges and an asset freeze against Jay Peak and related business entities, the resort’s Florida-based owner, and the resort’s principal officer. Plaintiffs alleged that those individuals and entities, as well as certain financial institutions and their employees, devised and executed a complex money laundering scheme wherein investor funds were improperly transferred from escrow accounts to investment accounts that were controlled by Jay Peak’s owner and used for purposes other than those specified in the limited partnership documents. Among other things, plaintiffs alleged the improper commingling of investor funds and the misappropriation of more than $50 million in investor funds by Jay Peak’s owner for his personal use. Plaintiffs asserted claims under Florida’s RICO Act and claims for common law fraud, breach of fiduciary duty, negligence, civil conspiracy and breach of contract.
On April 13, 2017, Defendant Raymond James & Associates, Inc. agreed to a $150 million settlement with plaintiffs and the court-appointed receiver for the Jay Peak Ski Resort. Additional funds have since been recovered for the benefit of the Jay Peak partnerships through the efforts of the court-appointed receiver.
Xerox
Representing the Louisiana State Employees’ Retirement System as co-lead counsel, Berman Tabacco negotiated a $750 million settlement, approved in January 2009, that, at that time, ranked 10th among all securities class action settlements. The international fraud case against Xerox Corp., certain of its top officers and auditor KPMG LLP included allegations that the company: (i) improperly recognized revenue from its worldwide leasing operations by prematurely booking lease payments attributable to future supplies and services; (ii) boosted short-term results by overstating the value of future payments from leases originated in developing countries; and (iii) failed to write off mounting bad debts and improperly classified transactions in its Mexico operation. The judge praised plaintiffs’ counsel for obtaining “a very large settlement” despite vigorous opposition in a case complicated by an alleged fraud that “involved multiple accounting standards that touched on numerous aspects of a multinational corporation’s business, implicated operating units around the world, and spanned five annual reporting periods. … [and] the rudiments of the accounting principles at issue in the case were complex, as were numerous other aspects of the case. … The class received high-quality legal representation and obtained a very large settlement in the face of vigorous opposition by highly experienced and skilled defense counsel.”
Toys “R” Us
As co-lead counsel, Berman Tabacco negotiated a $56 million settlement to answer claims that the retailer violated laws by colluding to cut off or limit supplies of popular toys to stores that sold the products at lower prices. The case developed the antitrust laws with respect to a “hub and spoke” conspiracy, where a downstream power seller coerces upstream manufacturers to the detriment of consumers. One component of the settlement required Toys “R” Us to donate $36 million worth of toys to needy children throughout the United States over a three-year period.
Oracle
In this coordinated derivative action, Oracle Corporation shareholders alleged that the company’s CEO, Lawrence J. Ellison, profited from illegal insider trading. Acting as co-lead counsel, Berman Tabacco reached an innovative settlement under which Mr. Ellison agreed to personally make a charitable donation of $100 million over five years in Oracle’s name to an institution or charity approved by the company and pay $22 million in attorneys’ fees and expenses associated with the prosecution of the case.
This innovative agreement benefited Oracle through increased goodwill and brand recognition, while minimizing concerns that would have been raised by a payment from Mr. Ellison to the company, given his significant ownership stake. This matter was significant as it stands as a rare private suit where an insider was held to account for alleged insider trading activities and remains one of the largest derivative settlements. It also led to a landmark decision regarding Special Litigation Committees under Delaware law. In re Oracle Corp. Derivative Litigation, 824 A.2d 917 (Del. Ch. 2003). This litigation also triggered the company to make important changes to its policies that decrease the chances that an insider will be able to trade in possession of material, non-public information.
Lernout and Hauspie
In these two related securities class actions, the firm and its co-lead counsel obtained settlements of more than $180 million, including $115 million from the auditors, one of the largest auditor settlements at the time. Both cases arose from a brazen, world-wide fraud at Lernout & Hauspie Speech Products, N.V., in which the software company allegedly booked fictitious revenues from shell companies that had been set up and financed by the company itself. In 2000, Lernout & Hauspie, a Belgium-based speech-recognition software developer, announced that it had overstated its revenues by a whopping 65%—$377 million. The company filed for bankruptcy protection in November of that year.
Facing twin obstacles of bankruptcy and foreign defendants, the firm and its co-lead counsel used innovative litigation strategies to achieve the excellent resolutions here. For example, the firm gained unprecedented access to the criminal files maintained by Belgian prosecutors, which provided additional testimony and support to bolster the class’ claims and overcame efforts by overseas defendants to use Belgian courts to hinder the fact-finding process, which required extensive cooperation with Belgian prosecutors, Belgian courts and foreign counsel.
IndyMac Mortgage-Backed Securities
Berman Tabacco was sole lead counsel in this class action, representing lead plaintiffs Wyoming Retirement System and Wyoming State Treasurer, and class representative Los Angeles County Employees Retirement Association. The case settled for $346 million, which is one of the largest mortgage-backed securities (“MBS”) class action settlements. The case involved the securitization and sale of 50 MBS offerings issued by now-defunct IndyMac Bank and related entities. The action was brought under the Securities Act of 1933 and alleged that statements in IndyMac’s offering materials for the sale of MBS in 2006-2008 were untrue because they mischaracterized the loan underwriting practices used to originate and acquire the loans that were pooled and securitized to form the MBS. This settlement is extraordinary not only because of its size but also because $340 million of the settlement amount was paid entirely by underwriters who had due diligence defenses. In most other MBS cases, plaintiffs were able to recover the settlement fund monies from the issuing entities who are held to a strict liability standard for which there is no due diligence defense – but the issuing bank here, IndyMac Bank, was no longer in existence when case as commenced.
Fannie Mae II
As co-lead counsel representing the Massachusetts Pension Reserves Investment Management Board, Berman Tabacco reached a settlement of $170 million to resolve claims that Fannie Mae failed to disclose a growing exposure to high-risk mortgages that led to federal conservatorship in 2008. Plaintiffs alleged that Fannie Mae embarked on a multi-year strategy to shift its focus away from investing in, guaranteeing and securitizing safe, “plain vanilla” loans, and toward risky subprime and “Alt-A” loans. Defendants allegedly hid this material shift from investors by failing to disclose the company’s inability to adequately gauge the risk of these subprime and Alt-A loans. The settlement, which was approved in March 2015, was reached after extensive and hard-fought document and deposition discovery. The case provided an exemplary recovery for shareholders, where the plaintiffs faced difficult case-specific impediments – most notably, Fannie Mae’s conservator, the Federal Housing Finance Agency, promulgated a rule (which plaintiffs would have challenged) stating that it could choose not to satisfy judgments against Fannie Mae; and the Second Circuit issued its opinion in Central States v. Federal Home Loan Mortgage Corp., et al., No. 12-4353 (2d Cir. Nov. 5, 2013), which significantly impacted plaintiffs’ ability to prove loss causation based on similar, if not identical, disclosures.
Digital Lightwave
As co-lead counsel, Berman Tabacco negotiated a settlement that included changing company management and strengthening the company’s internal financial controls. The class received 1.8 million shares of freely tradable common stock that traded at just below $4 per share when the court approved the settlement. At the time the shares were distributed to the members of the class, the stock traded at approximately $100 per share and class members received more than 200% of their losses after the payment of attorneys’ fees and expenses. The total value of the settlement, at the time of distribution, was almost $200 million.
De Beers Antitrust
Berman Tabacco represented a class of diamond resellers, such as diamond jewelry stores, in this case alleging that the De Beers group of companies unlawfully monopolized the worldwide supply of diamonds in a scheme to overcharge resellers and consumers. In May 2008, a federal judge approved a settlement, which included a cash payment to class members of $295 million. The settlement was significant because it included an agreement by De Beers to submit to the jurisdiction of the U.S. court to enforce the terms of the settlement and a comprehensive injunction limiting De Beers’ ability to restrict the worldwide supply of diamonds in the future. This case also led to an important Third Circuit decision providing a roadmap for obtaining settlement class certification in complex, nationwide class actions involving laws of numerous states. Sullivan v. DB Investments, Inc., 667 F.3d 273 (3d Cir. 2011). The firm’s work in this case – believed to be the first successful prosecution of De Beers under U.S. antitrust laws – serves as a template for corralling foreign monopolists.
Cardizem CD Antitrust
As co-lead counsel representing health insurer Aetna U.S. Healthcare and a class of insurers and individual consumers, Berman Tabacco brought the first action centered on so-called “reverse payments” between a brand name drug maker and a generic drug maker and obtained an $80 million settlement from French-German drug maker Aventis Pharmaceuticals and the Andrx Corporation of Florida. The payment to consumers, state agencies and insurance companies settled claims that the companies conspired to prevent the marketing of a less expensive generic version of the blood pressure medication Cardizem CD. This was the first time that consumers received direct compensation in a generic drug “pay for delay” case. The state attorneys general of New York and Michigan joined the case in support of the class.
In addition, the firm achieved a significant appellate victory in a pioneering ruling regarding the “reverse payment” by a generic drug manufacturer to the brand name drug manufacturer that held that the brand name drug manufacturer’s payment of $40 million per year to the generic company for the generic to delay bringing its competing drug to market was a per se unlawful market allocation agreement. In re Cardizem CD Antitrust Litigation, 332 F.3d 896 (6th Cir. 2003). This victory still shapes the ongoing antitrust battle over competition in the pharmaceutical market.
CalPERS v. Moody’s
Berman Tabacco was sole counsel representing California Public Employees’ Retirement System (“CalPERS”) in this individual action alleging that several major credit ratings agencies made negligent misrepresentations in issuing “Aaa” ratings for certain Structured Investment Vehicles. The firm negotiated a total of $255 million in settlements with Moody’s (defendants Moody’s Corp. and Moody’s Investors’ Services, Inc.) and McGraw Hill Companies, Inc. (“S&P”) on CalPERS’ behalf. This case was groundbreaking for two reasons. First, the settlements rank as the largest known recoveries from Moody’s and S&P in a private lawsuit for civil damages. Second, the case resulted in a published appellate court opinion finding that rating agencies can, in certain circumstances, be liable for negligent misrepresentations under California law for their ratings of privately placed securities. Cal. Pub. Empls.’ Ret. Sys. v. Moody’s Inv’rs Serv., Inc., 226 Cal. App. 4th 643 (2014).
Bristol-Myers II
Berman Tabacco represented the Fresno County Employees’ Retirement Association and Louisiana State Employees’ Retirement System as co-lead plaintiffs and negotiated a settlement of $300 million in July 2004, when the case was on appeal from an order dismissing the claims. At that time, the settlement was the largest by a drug company in a U.S. securities fraud case. In this case, plaintiffs charged that Bristol-Myers and several of its top officers reported false financial results during the class period, failing to adhere to the standard accounting practices the company claimed to follow.
Bear Stearns Companies
As co-lead counsel representing the sole lead plaintiff State of Michigan Retirement Systems, Berman Tabacco negotiated a $294.9 million settlement, including $19.9 million from the auditor, Deloitte & Touche. The action alleged that Bear Stearns embarked on a business plan that left it extraordinarily vulnerable to volatility in the housing market by purchasing and originating an enormous number of unusually risky mortgages to securitize and sell, and by maintaining billions of dollars of these assets on its books. As alleged, the company then used these assets as collateral to purchase even larger quantities of debt and to finance the ballooning costs of its daily operations. Unknown to the investing public, the action asserted that the company had secretly abandoned any meaningful effort to manage the huge risks it faced, even before the class period began. In 2005 and again in 2006, the U.S. Securities and Exchange Commission privately warned the company of crucial deficiencies in the models it used to value mortgage-backed securities and to assess risk. Instead of revising its models to accurately reflect a rapidly accelerating downturn in the housing market, the company bolstered the value of its stock by persisting in using its misleading mortgage valuation and value-at-risk models in an effort to conceal the extent of its exposure to loss. The case resolved after Berman Tabacco conducted four years of vigorously contested litigation, which included successfully defeating the defendants’ motions to dismiss and interviewing 95 former Bear Stearns employees and other persons with relevant knowledge. At the time, the eventual settlement for $294.9 million represented one of the 40 largest securities class action settlements under the Private Securities Litigation Reform Act (PSLRA). This is particularly significant in light of the fact that no government entity had pursued actions or claims against Bear Stearns or its former officers and directors related to the same conduct complained of in the firm’s action.
Sears Home Services
Berman Tabacco, a national law firm dedicated to protecting the rights of consumers and investors, is currently investigating Sears Home Services biometric data exposure.
About the Investigation
Berman Tabacco, a national law firm dedicated to protecting the rights of consumers and investors, is currently investigating the recent announcement that Sears Home Services allegedly made public customer conversations with AI chat bots containing customers’ personal and biometric information. Sears Home Services brands itself as the “largest appliance repair service provider” in the United States and claims to perform more than seven million repairs each year. This public exposure of customer information allegedly contained 3.7 million chat logs, 1.4 million audio files, and plain text transcripts dating from 2024 through this year. Biometric and personal information exposed included customers’ voices, names, phone numbers, home addresses, appliances owned, and information on delivery appointments and repairs.
Contact
If you believe you are a victim of this incident involving Sears Home Services and would like to share your experience, or discuss your legal rights, please call +1 (800) 516-9926 or +1 (617) 542-8300 or fill out and submit the form herein.
About Berman Tabacco
Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Benchmark Litigation, which ranked the firm as a Top Plaintiffs’ Firm and as Highly Recommended. Chambers USA recognized the firm as a leading securities litigation firm in its Securities Litigation–Mainly Plaintiff category. The Legal 500 has also ranked the firm as recommended in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California.
This Notice May Constitute Attorney Advertising. Cases Not Accepted in Florida.
Past Results Do Not Guarantee Future Outcomes.
Berman Tabacco
Christina Fitzgerald, Esq.
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
US Mortgage Corporation
Berman Tabacco, a national law firm dedicated to protecting the rights of consumers and investors, is currently investigating a cybersecurity incident recently announced by US Mortgage Corporation.
About the Investigation
US Mortgage Corporation is a direct mortgage lender specializing in residential home loans. According to US Mortgage Corporation, the data breach purportedly involved the following categories of personal information: name, birthdate, contact information, Social Security numbers, financial account details (such as mortgage account information), and medical information.
Contact
If you believe you are a victim of the US Mortgage Corporation security incident and would like to share your experience, or discuss your legal rights, please call +1 (800) 516-9926 or +1 (617) 542-8300 or fill out and submit the form herein.
About Berman Tabacco
Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Benchmark Litigation, which ranked the firm as a Top Plaintiffs’ Firm and as Highly Recommended. Chambers USA recognized the firm as a leading securities litigation firm in its Securities Litigation–Mainly Plaintiff category. The Legal 500 has also ranked the firm as recommended in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California.
This Notice May Constitute Attorney Advertising. Cases Not Accepted in Florida.
Past Results Do Not Guarantee Future Outcomes.
Berman Tabacco
Christina Fitzgerald, Esq.
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
Infutor
Berman Tabacco, a national law firm dedicated to protecting the rights of consumers and investors, is currently investigating an alleged wide-spread data breach at Infutor, a Verisk owned company (“Infutor”).
About the Investigation
Infutor operates as a consumer identity management and resolution provider and maintains databases containing consumer information for identity verification and marketing purposes. The data breach purportedly affected over 676 million consumers and exposed: full names, dates of birth, physical addresses, phone numbers and social security numbers.
Contact
If you believe you are a victim of the alleged Infutor breach and would like to share your experience, or discuss your legal rights, please call +1 (800) 516-9926 or +1 (617) 542-8300 or fill out and submit the form below.
About Berman Tabacco
Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Benchmark Litigation, which ranked the firm as a Top Plaintiffs’ Firm and as Highly Recommended. Chambers USA recognized the firm as a leading securities litigation firm in its Securities Litigation–Mainly Plaintiff category. The Legal 500 has also ranked the firm as recommended in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California.
This Notice May Constitute Attorney Advertising. Cases Not Accepted in Florida.
Past Results Do Not Guarantee Future Outcomes.
Berman Tabacco
Christina Fitzgerald, Esq.
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
Roblox Corporation (NYSE: RBLX)
Berman Tabacco, a national law firm representing investors, announces that it is investigating potential claims on behalf of stockholders of Roblox Corporation (“Roblox” or the “Company”) regarding the Company’s failures to protect its minor users from harm.
About the Investigation
Roblox, a virtual world initially designed for a child audience, claims to provide children with a “safe place to build, give them the requisite tools, and let them play.” However, for many years, prosecutions of alleged child predators included allegations that child predators used Roblox to contact and exploit minors. More recently, several state Attorneys General have initiated civil litigation and criminal investigations against the Company. In addition, purported victims have filed lawsuits against Roblox. These suits may lead to significant penalties against the Company.
Berman Tabacco is investigating whether the Company’s board of directors or senior management breached their fiduciary duties by failing to address serious concerns over the safety of the Company’s predominantly minor user base.
Contact
If you would like more information concerning our investigation, please fill out the form on this page.
About Berman Tabacco
Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Benchmark Litigation, which ranked the firm as a Top Plaintiffs’ Firm and as Highly Recommended. Chambers USA recognized the firm as a leading securities litigation firm in its Securities Litigation–Mainly Plaintiff category. The Legal 500 has also ranked the firm as recommended in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California.
This Notice May Constitute Attorney Advertising. Cases Not Accepted in Florida.
Past Results Do Not Guarantee Future Outcomes.
Berman Tabacco
Quentin J. Morgan, Esq.
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
BlackRock TCP Capital Corp. (Nasdaq: TCPC)
Berman Tabacco, a national law firm representing investors, announces that it is investigating potential claims on behalf of stockholders of BlackRock TCP Capital Corp. (“TCPC” or the “Company”), following recent company disclosures regarding its Net Asset Value (“NAV”) and portfolio performance.
About the Investigation
On January 23, 2026, after the market closed, TCPC disclosed that its estimated Net Asset Value (NAV) per share declined as much as 19% from just one quarter prior. Following this news, TCPC common stock plummeted approximately 13%, closing at $5.10 per share the following day. The stock price has not recovered from this shocking news. Commenters have suggested that TCPC was not promptly or properly marking down declining credit investments and that it restructured its portfolio by modifying, extending, or recapitalizing troubled loans in ways that masked underlying credit deterioration rather than resolving it. Berman Tabacco is investigating whether the Company’s board of directors or senior management breached their fiduciary duties in relation to these disclosures.
Contact
If you would like more information concerning our investigation, please fill out the form on this page.
About Berman Tabacco
Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Benchmark Litigation, which ranked the firm as a Top Plaintiffs’ Firm and as Highly Recommended. Chambers USA recognized the firm as a leading securities litigation firm in its Securities Litigation–Mainly Plaintiff category. The Legal 500 has also ranked the firm as recommended in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California.
This Notice May Constitute Attorney Advertising.
Past Results Do Not Guarantee Future Outcomes.
Cases not accepted in Florida.
Berman Tabacco
Quentin J. Morgan, Esq.
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
GMOT Trust (GYEN)
Berman Tabacco serves as co-class-counsel in this class action arising from GMO‑Z.com Trust Company, Inc.’s issuance and marketing of its proprietary GYEN crypto asset. Plaintiffs allege that although GMO Trust represented GYEN as a yen‑pegged, low‑volatility “stablecoin” backed 1‑to‑1 by Japanese yen—including on “partner” exchanges, such as Binance and Coinbase—GYEN in fact exhibited extreme volatility, fluctuating over 200% against the U.S. dollar during periods when the Japanese yen moved only about 7%. Plaintiffs allege that they and the proposed class purchased GYEN in reliance on these representations and were damaged when GYEN failed to maintain its stability.
On February 17, 2025, the Court denied GMO’s motion to dismiss the state‑law claims, allowing plaintiffs’ New York and California consumer‑protection causes of action to proceed. At the same time, the Court granted dismissal of the federal‑securities claim, holding that the GYEN token was not offered or sold as an unregistered security. During discovery, the parties reached an agreement to resolve the action for $6.75 million. Settlement and claims information can be found here, and a hearing on final approval is scheduled for May 27, 2026.
Corcept Therapeutics Incorporated (Nasdaq: CORT)
Berman Tabacco, a national law firm representing investors, announces that it is investigating potential securities law violations by Corcept Therapeutics Incorporated (Nasdaq: CORT) (“Corcept” or the “Company”), a company based in Redwood City, California.
About the Investigation
On December 31, 2025, Corcept issued a press release announcing that “U.S. Food and Drug Administration (FDA or the Agency) has issued a Complete Response Letter (CRL) regarding the New Drug Application (NDA) for relacorilant as a treatment for patients with hypertension secondary to hypercortisolism.” The press release stated, among other things, “We are surprised and disappointed by this outcome.” Corcept common share fell $35.40 per share to close at $34.80 per share on December 31, 2025.
On January 30, 2026, Reuters reported that “shares of Corcept Therapeutics fell 16% on Friday after a corrected ‘complete response letter’ from the U.S. Food and Drug Administration showed the agency had warned the company ‘on several occasions’ not to submit its drug application.”
Contact
If you have information concerning this investigation, please fill out the form on this page.
About Berman Tabacco
Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Benchmark Litigation, which ranked the firm as a Top Plaintiffs’ Firm and as Highly Recommended. Chambers USA recognized the firm as a leading securities litigation firm in its Securities Litigation–Mainly Plaintiff category. The Legal 500 has also ranked the firm as recommended in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California.
This notice may constitute attorney advertising.
Past results do not guarantee future outcomes.
Berman Tabacco
Jay Eng, Esq.
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
Missouri Higher Education Loan Authority (MOHELA) Litigation
Berman Tabacco represents plaintiffs in an action against Missouri Higher Education Loan Authority (MOHELA), a national federal student loan servicer. The complaint alleges that MOHELA breached its contracts and violated certain state consumer protection statutes in connection with the Saving on a Valuable Education (SAVE) student loan repayment plan. The SAVE plan was rolled out while student loan payments were paused during the COVID-19 pandemic in July 2023. A year later, it was curtailed by a federal court injunction, though borrowers’ loans were not to accrue interest between July 18, 2024, and July 31, 2025.
The SAVE plan contained significant benefits, including nonaccrual of interest and lower monthly payments. Thousands of student loan borrowers applied for the SAVE plan but MOHELA: (1) failed to automatically provide borrowers on the Revised Pay As You Earn (REPAYE) plan with the benefits of the SAVE plan; (2) failed to process SAVE plan applications within 60 days of submission or place applicants into forbearance; and (3) improperly continued to charge and collect interest from SAVE plan borrowers. These borrowers missed out on significant student debt relief because of MOHELA’s servicing failures.
The complaint was filed on January 8, 2026, in the United States District Court for the Eastern District of Missouri and is available HERE.
OneStream, Inc.
Berman Tabacco, a national law firm representing investors, announces that it is investigating potential stockholder claims on behalf of investors in OneStream, Inc. (“OneStream” or the “Company”) regarding a take-private transaction by Hg Capital, General Atlantic, and Tidemark.
About the Investigation
On January 6, 2026, OneStream announced that it had entered into a take-private transaction to be acquired by Hg for approximately $6.4 billion in cash with OneStream shareholders to receive $24.00 per share. Hg is partnering with minority investors General Atlantic and Tidemark while majority stockholder Kohlberg Kravis Roberts & Co. LP (“KKR”) will be liquidating its stake in the Company. As part of its investigation, Berman Tabacco is examining whether certain OneStream insiders are positioned to benefit more than the average shareholder through the transaction. Berman Tabacco is investigating whether this transaction is fair to shareholders, and whether the board of directors and/ or officers breached their fiduciary duties pursuing this transaction.
Contact
If you would like more information concerning our investigation, please fill out the form on this page.
About Berman Tabacco
Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Benchmark Litigation, which ranked the firm as a Top Plaintiffs’ Firm and as Highly Recommended. Chambers USA recognized the firm as a leading securities litigation firm in its Securities Litigation–Mainly Plaintiff category. The Legal 500 has also ranked the firm as recommended in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California.
This Notice May Constitute Attorney Advertising.
Past Results Do Not Guarantee Future Outcomes.
Quentin J. Morgan, Esq.
Berman Tabacco
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
Live Nation Entertainment, Inc.
Berman Tabacco, a national law firm representing investors, announces its investigation into potential stockholder claims involving Live Nation Entertainment, Inc. (“Live Nation”) (NYSE:LYV) allegedly deceiving consumers and violating federal law.
About the Investigation
On September 18, 2025, the Federal Trade Commission (“FTC”), along with seven states, filed a civil complaint alleging that Live Nation and its wholly-owned subsidiary Ticketmaster, LLC (“Ticketmaster”) earned hundreds of millions of dollars in revenue by systematically violating federal law, displayed deceptively low ticket prices, and deceptively represented that they impose strict ticket limits for individual events. The complaint alleges one broker, using hundreds of accounts, purchased 9,000 tickets for one night of a Beyonce concert and in turn resold 2,500 of those tickets on the secondary market, earning Live Nation and Ticketmaster additional fees on each re-sale and causing fans to pay inflated resale prices for high-demand tickets.
The complaint further alleges that senior officers of Live Nation and Ticketmaster were personally involved in the deception by directing management to “turn[] a blind eye” to ticket brokers circumventing Live Nation and Ticketmaster enforcement measures. Upon the filing of the FTC’s complaint, shares of Live Nation declined approximately 3%.
Berman Tabacco is investigating whether Live Nation’s board of directors had a role in this scheme and whether its officers and/or directors breached their fiduciary duties.
Contact
If you would like more information concerning our investigation, please fill out the form on this page.
About Berman Tabacco
Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Benchmark Litigation, which ranked the firm as a Top Plaintiffs’ Firm and as Highly Recommended. Chambers USA recognized the firm as a leading securities litigation firm in its Securities Litigation–Mainly Plaintiff category. The Legal 500 has also ranked the firm as recommended in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California.
This Notice May Constitute Attorney Advertising.
Past Results Do Not Guarantee Future Outcomes.
Quentin J. Morgan, Esq.
Berman Tabacco
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
SelectQuote, Inc.
Berman Tabacco, a national law firm representing investors, announces its investigation into potential stockholder claims involving SelectQuote, Inc. (“SelectQuote”) (NYSE:SLQT) allegedly receiving illegal payments from health insurance providers.
About the Investigation
Allegations that SelectQuote received illegal payments and other claims were unsealed in May 2025 after the U.S. Attorney’s Office for the District of Massachusetts intervened to join claims pending in the District of Massachusetts first raised by a whistleblower. The complaint alleges that between 2016 and 2021, SelectQuote received illegal payments in the tens of millions of dollars—possibly amounting to more than 80 million dollars—from insurance carriers Humana and Aetna so that SelectQuote would steer insurance customers into Medicare offerings from Humana or Aetna. The complaint further alleges that the most senior officers of SelectQuote were personally involved in the scheme. Shares of SelectQuote subsequently declined approximately 20% upon the filing of the Department of Justice’s complaint.
Berman Tabacco is investigating whether SelectQuote’s board of directors had a role in this scheme and whether its officers and/or directors breached their fiduciary duties.
Contact
If you would like more information concerning our investigation, please fill out the form on this page.
About Berman Tabacco
Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Benchmark Litigation, which ranked the firm as a Top Plaintiffs’ Firm and as Highly Recommended. Chambers USA recognized the firm as a leading securities litigation firm in its Securities Litigation–Mainly Plaintiff category. The Legal 500 has also ranked the firm as recommended in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California.
This Notice May Constitute Attorney Advertising.
Past Results Do Not Guarantee Future Outcomes.
Quentin J. Morgan, Esq.
Berman Tabacco
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
Humana, Inc.
Berman Tabacco, a national law firm representing investors, announces its investigation into potential stockholder claims involving Humana, Inc (“Humana”) (NYSE:HUM) allegedly paying illegal kickbacks to insurance brokers.
About the Investigation
Allegations that Humana paid illegal kickbacks and other claims were unsealed in May 2025 after the U.S. Attorney’s Office for the District of Massachusetts intervened to join claims first raised by a whistleblower pending in the District of Massachusetts. The complaint alleges that between 2016 and 2021, Humana paid illegal kickbacks in the tens of millions of dollars—possibly totaling as much as $250 million—to SelectQuote and other insurance brokers, so that they would steer insurance customers into Humana’s Medicare offerings. The complaint further alleges that the most senior officers of Humana were personally involved in the scheme. Shares of Humana subsequently declined approximately 3% upon the filing of this complaint.
Berman Tabacco is investigating whether Humana’s board of directors had a role in this scheme and whether its officers and/or directors breached their fiduciary duties.
Contact
If you would like more information concerning our investigation, please fill out the form on this page.
About Berman Tabacco
Since 1982, our firm has prosecuted hundreds of securities cases on behalf of investors. The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Benchmark Litigation, which ranked the firm as a Top Plaintiffs’ Firm and as Highly Recommended. Chambers USA recognized the firm as a leading securities litigation firm in its Securities Litigation–Mainly Plaintiff category. The Legal 500 has also ranked the firm as recommended in securities litigation. The firm has offices in Boston, Massachusetts and San Francisco, California.
This Notice May Constitute Attorney Advertising.
Past Results Do Not Guarantee Future Outcomes.
Berman Tabacco
Quentin J. Morgan, Esq.
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
Missouri Higher Education Loan Authority (MOHELA)
Berman Tabacco, a national law firm representing consumers, is investigating potential violations of state and federal law by Missouri Higher Education Loan Authority (“MOHELA” or the “Company”).
About the Investigation
From March 2020 through September 2023, Congress imposed a COVID-19-related payment pause on all federal student loans. During that time, MOHELA’s loan portfolio grew rapidly, and it became one of the largest student loan servicers in the United States. Before monthly payments resumed, the Saving on a Valuable Education (SAVE) plan became available to borrowers – and remained available until it was blocked by a federal court injunction in July 2024. The SAVE plan was advertised as the most affordable student loan repayment option in history. However, many federal student loan borrowers have reported major servicing failures in MOHELA’s implementation of the SAVE plan between the post-pandemic “return to repayment” and the July 2024 injunction. These failures have allegedly led to significant financial harm for borrowers.
Berman Tabacco is investigating reports of unlawful practices by MOHELA in connection with the Saving on a Valuable Education (SAVE) plan. These practices allegedly include, but are not limited to: excessive delays or denials of applications to the SAVE plan; overcharged interest; failure to place loan accounts in forbearance; unjustified placements in the wrong student loan plan; and improper increases in monthly payments.
Contact
If you have information concerning this investigation or any questions, please fill out the form on this page.
About Berman Tabacco
For nearly four decades, Berman Tabacco has represented and recovered millions of dollars on behalf of consumers injured by corporate misconduct, including false advertising and deceptive marketing, product defects, data breaches, and unfair billing and lending practices. Most recently, Berman Tabacco applied its extensive complex class action experience to fight against unlawful and predatory lending practices. We served as lead counsel in several class action lawsuits brought on behalf of individuals who were alleged to have been exploited by illegal online payday lending schemes. The cases alleged that payday lenders issued loans in the name of companies established by Native American tribes, including American Web Loan, Plain Green and Great Plains Lending, in a brazen attempt to dodge usury laws and charge unlawful triple-digit interest rates.
The firm and its attorneys have been recognized for their work on behalf of plaintiffs, including by Chambers USA, Benchmark Litigation, which has ranked the firm as Highly Recommended and a Top Ten Plaintiffs; The Legal 500; U.S. News & World Report-Best Lawyers; The Daily Journal; Lawdragon; Who’s Who Legal; and Super Lawyers.
The firm has offices in San Francisco, California and Boston, Massachusetts.
This notice may constitute attorney advertising.
Past results do not guarantee future outcomes.
Berman Tabacco
Caitlyn Barresi
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
Walmart Opioid Derivative Litigation
Berman Tabacco is proud to announce that on October 13, 2024, the parties filed a Stipulation and Agreement of Settlement, Compromise, and Release (“Stipulation”) with the Delaware Court of Chancery. The Stipulation, subject to the Court’s approval, provides for the settlement of this derivative action in return for a payment to Walmart of $123,000,000, less Court-awarded attorneys’ fees and expenses and any applicable taxes, and for Walmart to maintain certain corporate governance practices for a period of at least five years.
Links to key case filings can be found below:
- Stipulation and Agreement of Settlement, Compromise, and Release
- Exhibit A: Proposed Scheduling Order (granted with modifications)
- Exhibit B: Notice of Pendency of Derivative Action, Proposed Settlement of Derivative Action, Settlement Hearing, and Right to Appear
- Exhibit C: Summary Notice
- Exhibit D: Proposed Final Order and Judgment Approving Derivative Action Settlement
- Exhibit E: Corporate Governance Practices
- Amended Complaint
- Motion to Dismiss Opinion, Laches
- Motion to Dismiss Opinion, Demand Futility
PennyMac Preferred Shares Litigation
Berman Tabacco and its co-counsel brought this novel action against PennyMac Mortgage Investment Trust and PNMAC Capital Management, LLC (“PennyMac”) on behalf of a nationwide class for violations of California’s Unfair Competition Law, California Business and Professions Code § 17200 et seq. (“UCL”) seeking injunctive relief and restitution. The class consists of all persons and entities who own or owned two series of PennyMac’s fixed-to-floating rate Preferred Shares (“Preferred Shares”) at any time between August 25, 2023 and the conclusion of the action.
The Preferred Shares were issued to initially have a fixed rate dividend, set to transition later to a floating rate based on the three-month London Interbank Offered Rate (“LIBOR”). LIBOR was a key benchmark interest rate between major global banks, where the value of financial products referencing USD LIBOR was $223 trillion as of the end of 2020. In late 2017—after the Preferred Shares were issued—the LIBOR panel banks announced that, because of accusations of manipulation, they would stop publishing LIBOR at the end of 2021 (later extended to June 2023 for USD LIBOR only). In 2022, the Adjustable Interest Rate (LIBOR) Act (the “LIBOR Act”), 12 U.S.C. § 5801 et seq., and the Federal-Reserve-promulgated Regulation ZZ, 12 C.F.R. § 253.4(b) (2023) (“LIBOR Rule”), were created to decree an orderly and sure process for providing a fair replacement for LIBOR in contracts that referenced the LIBOR benchmark and yet continued past LIBOR’s cessation.
Plaintiffs allege that PennyMac unlawfully and unfairly replaced the LIBOR-based benchmark rate with the initial fixed rate instead of transitioning to the replacement benchmark under the LIBOR Act and LIBOR Rule, the Secured Overnight Financing Rate (“SOFR”).
On February 26, 2025, the Court denied defendants’ motions to dismiss in their entirety. The case is currently stayed, pending interlocutory appeal filed by the defendants in the Ninth Circuit.
Inotiv, Inc. Securities Litigation
Berman Tabacco is sole Lead Counsel representing Oklahoma Police Pension and Retirement System in a securities fraud class action lawsuit against Inotiv, Inc. (“Inotiv”) and certain of its executive officers on behalf of all persons who (1) purchased or acquired publicly traded Inotiv securities between September 21, 2021 and May 26, 2022, inclusive (the “Section 10(b) Class”); and/or (2) held Inotiv common stock as of November 4, 2021 and were entitled to vote at a special meeting of shareholders (the “Section 14(a) Class”). The Section 10(b) Class claims focus on Defendants’ alleged materially false and misleading statements and omissions concerning the Company’s business, operations, and regulatory compliance policies, specifically as related to its acquisition of Envigo RMS, LLC (“Envigo”) and the alleged existence of flagrant violations of federal animal welfare regulations at an Envigo dog breeding facility located in Cumberland, Virginia that led the U.S. Department of Justice, with federal and state law enforcement agents, to conduct a search and seizure, which eventually led to the rescue of more than 4,000 animals and shuttering of the Cumberland Facility. The Section 14(a) Class claims focus on Defendants’ material misrepresentations and omissions in Proxy Materials concerning Envigo’s dog breeding facility, as well as Proxy misrepresentations and omissions concerning material threats to Envigo’s research primate importing business.
On March 29, 2023, the Honorable Philip P. Simon of the U.S. District Court for the Northern District of Indiana denied the Defendants’ motion to dismiss.
Veradigm Inc. Securities Litigation
Berman Tabacco is sole Lead Counsel representing sole lead plaintiff Alameda County Employees’ Retirement Association in a securities fraud class action lawsuit against Veradigm Inc. (“Veradigm”), certain of its executive officers, and auditor Grant Thornton on behalf of all persons and entities who purchased or otherwise acquired Veradigm common stock during the period May 8, 2020 to [February] 26, 2024, inclusive (the “Class Period”). Veradigm is a healthcare technology company that offers electronic health records, financial management, population health management, and consumer solutions to hundreds of thousands of healthcare providers. The case, which was brought under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as SEC Rule 10b-5, alleges that the company made materially false and misleading statements during the Class Period regarding its revenues, gross margins, and earnings growth. More specifically, Plaintiffs allege that Veradigm (a) failed to maintain effective internal controls over its financial reporting; (b) overstated its historical revenues; (c) artificially inflated its revenue by recording duplicate transactions, among other things, over a more-than-two-year period; (d) artificially inflated its earnings and margins and materially misrepresented demand for the company’s products and services during the Class Period; and (e) failed to comply with Generally Accepted Accounting Principles (“GAAP”), including with regard to appropriate revenue recognition practices; and that as a result of the foregoing, the Company’s financial projections were materially false and misleading and lacked any reasonable basis. On February 29, 2024, Veradigm was delisted by NASDAQ after failing to cure identified issues by that NASDAQ-imposed deadline. And despite first identifying the issue in February 2023, the company only restated its 2022 SEC Form 10-K over two years later in March 2025, and has still yet to file all quarterly and annual financial statements with the SEC since Q1 2023.
The amended and consolidated complaint was filed on April 30, 2025.
M&A/Deal Investigations
Are you concerned about an unfair merger or acquisition? Did your investment perform poorly after a corporate transaction? Do you have concerns about what the board of directors did—and did not—tell you? Did you lose money from your investment and want to learn more about your options? Please reach out to discuss your legal rights.
What We Do
Berman Tabacco
Berman Tabacco is a highly-ranked class action law firm dedicated to protecting the rights of investors and consumers. Since 1982, our firm has prosecuted hundreds of securities, antitrust, and complex consumer cases, recouping billions of dollars for our clients and the investors and others they represent.
From unfair corporate transactions to one-sided public securities offerings to violations of the federal securities laws, our corporate governance and securities attorneys are here to protect the rights of investors harmed by companies that commit fraud, fail to disclose important information, engage in corporate or board misconduct, or breach their fiduciary duties to their shareholders.
Our Services
Shareholder Rights and Corporate Governance Investigations.
Berman Tabacco is investigating potential violations of state law by corporations and corporate officers and directors. Berman Tabacco works with investors impacted by mergers, acquisitions, and other transactions to understand their rights, obtain more information about the merger or acquisition, and take legal action when appropriate.
State corporate laws provide robust protection against corporate officers and directors breaching their fiduciary duties to the corporation and its stockholders. Stockholders have an important role to play in accountability. Berman Tabacco is investigating whether certain mergers or acquisitions took place without treating investors fairly.
Berman Tabacco is investigating potential breaches of fiduciary duty and failures to disclose critical merger information in connection with several pending corporate transactions and mergers. Berman Tabacco attorneys work with shareholders impacted by pending mergers to investigate the circumstances surrounding the transactions and determine how the transactions may impact their rights.
If you invested in a company that merger or was acquired, we can help you determine if the board disclosed all of the information you needed to make a fully informed investment decision. If you are interested in helping to hold these directors accountable, please contact us by providing your information below.
Typically, Berman Tabacco represents individuals and entities in shareholder lawsuits on a contingency fee basis, meaning we advance all attorneys’ fees and expenses in the litigation. If the case is successful, the firm will ask the court to award the firm attorneys’ fees and the reimbursement of expenses from any settlement fund. The court will approve the attorneys’ fee award only if it finds that the award is reasonable. If we are not successful, you will not be responsible for the reimbursement of attorneys’ fees or expenses.
This notice may constitute attorney advertising.
Past results do not guarantee future outcomes.
Contact:
Berman Tabacco
Nathaniel L. Orenstein
Justin N. Saif
One Liberty Square
Boston, Massachusetts
(800) 516-9926
Email: law@bermantabacco.com
Bayer Securities Litigation
Berman Tabacco is liaison counsel for the class in this securities fraud class action brought under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 on behalf of all persons or entities that purchased or otherwise acquired Bayer Aktiengesellschaft’s (“Bayer”) publicly traded American Depositary Receipts from May 23, 2016 and July 6, 2020, inclusive, and were damaged as a result. The case relates to Bayer’s $63 billion acquisition of The Monsanto Company in 2018. Plaintiffs allege that Bayer, a multi-national pharmaceutical and life sciences corporation, and certain of its current and former executives made false and misleading statements to investors about the extent of their pre-merger due diligence related to Monsanto, a provider of agricultural and other chemicals, and the litigation risks relating to its top-selling Roundup herbicide product. As further alleged, following the merger, Bayer faced numerous defeats in court related to a large toxic-tort dispute involving Roundup and was ultimately forced to establish a more than $10.9 billion settlement fund to address current and future Roundup claims.
On May 19, 2023, the Honorable Richard Seeborg of the United States District Court for the Northern District of California granted class certification in full.
California Gasoline Spot Market Antitrust
Berman Tabacco is Chair of Plaintiffs’ Executive Committee in the consolidated action In re California Gasoline Spot Market Antitrust, No. 3:20-cv-03131-JSC (N.D. Cal.) against multinational energy companies Vitol Inc.; SK Energy Americas, Inc.; and SK Trading International Co. Ltd., as well as individual defendants Brad Lucas and David Niemann. The firm represents California gasoline purchasers plaintiffs who allege that defendants, including lead traders on the spot market at defendant companies (Lucas and Niemann), conspired to fix and stabilize gasoline prices at artificially high levels after a February 2015 explosion at the Torrance Refinery, a refinery supplying a significant portion of the state’s gas, by manipulating the spot market for gasoline formulated for use in California and in certain gasoline blending components used in that gasoline from least February 18, 2015, the date of the explosion. After the Torrance Refinery explosion, prices for spot market gasoline contracts for deliveries to San Francisco and Los Angeles went up almost immediately. The suit follows an action brought by California’s Attorney General in San Francisco Superior Court.