Berman Tabacco

Nationwide Financial

In re Nationwide Financial Services Inc. Consolidated Shareholders Litigation, C.A. No. 3690-VCN (Del. Ch.)

Berman Tabacco represented a co-lead plaintiff, the Massachusetts Laborers’ Pension Fund, in a class action on behalf of shareholders of Nationwide Mutual Life Insurance Company, which arose out of Nationwide’s merger with a subsidiary, Nationwide Financial Services, Inc., and settled after the insurance company agreed to increase its original offer by 11%, resulting in a $232.8 million benefit to Nationwide’s shareholders.

Case Information

  • Settlement Amount:
    Increased offer by 11%, benefiting shareholders by $232.8 million