Patrick T. Egan

Patrick T. Egan, a partner in the Boston office of Berman Tabacco, has prosecuted high-profile securities fraud cases with the firm for more than 26 years. Patrick focuses his practice in the areas of federal securities and antitrust litigation, particularly involving complex securities, market manipulation and healthcare frauds. Committed to a level playing field for all investors, Patrick has litigated fraud actions that have recovered well over $2 billion for his institutional and individual clients and other affected investors.

Patrick also has represented corporate whistleblowers who provide information and assistance to the U.S. Securities and Exchange Commission as well as whistleblowers in bringing qui tam actions under federal and state false claims act statutes seeking to expose fraud by financial institutions, large taxpayers and health care providers.

Prior to joining the firm in 1999, Patrick worked at the U.S. Department of Labor, where he served as an attorney advisor for the Office of Administrative Law Judges. While in law school, he served on the editorial board of the Suffolk University Law Review.

Patrick is a frequent lecturer on topics related to securities litigation.  He has also served as an Adjunct professor on topics related to Corporate Governance, White Collar Crime, and Business Law.  He has been ranked by Benchmark Litigation as a Local Litigation Star (2013-2015, 2018-2026) and as a Massachusetts State Litigation Star (2018-2026) in Competition, Securities.  He was also recognized as a Recommended Attorney by The Legal 500 (U.S. edition) in Securities Litigation (2018-2019) and Antitrust (2019-2025).  Patrick was also named a Super Lawyer by Massachusetts Super Lawyers (2022-2025).

Education

• Suffolk University Law School (J.D., cum laude, 1997)
• Providence College (B.A., Political Science, cum laude, 1993)

Experience

• Represents Oklahoma Firefighters Pension and Retirement System in a securities fraud action against Integral Ad Science Holding, Corp., certain of its top executives and a controlling shareholder.
• Currently serves as a core member of the litigation teams bringing bid-rigging/market manipulation cases alleging that several major banks colluded to manipulate numerous financial benchmark rates, including Yen Libor (partial settlements of $364.5 million), Euribor (partial settlements of $651.5 million), Swiss franc Libor (partial settlements of $73.95 million) and the Australian Dollar (partial settlements of $185.875 million).
• Represented Oklahoma Police Pension and Retirement System in a securities fraud action against Inotiv, Inc. and certain of its top executives, which settled for $8.75 million.
• Served as one of the lead attorneys in a securities fraud class action against Healthcare Services Group, Inc., which settled for $16.8 million.
• Served as a team member representing California Public Employees’ Retirement System against credit ratings agencies Moody’s and Standard & Poor’s based on Moody’s misrepresentations regarding the creditworthiness of three structured investment vehicles.
• Served as lead attorney securing a $6.5 million settlement in a False Claims Act case brought against eight former executives and employees of Aegerion Pharmaceuticals, Inc.
• Served as one of the firm’s lead attorneys representing the Wyoming State Treasurer and Wyoming Retirement System in the IndyMac Mortgage-Backed Securities Litigation, which settled for $346 million.
• Served as one of the firm’s lead attorneys representing the Michigan State Retirement Systems in the Bear Stearns Companies litigation stemming from the 2008 collapse of the company. Plaintiffs successfully recovered $294.9 million for former Bear Stearns shareholders.

Honors & Distinctions

• Ranked by Benchmark Litigation as a Local Litigation Star (2013-2015, 2018-2026) and Massachusetts State Litigation Star (2018-2026) in Competition, Securities
• Recognized as a Recommended Attorney by The Legal 500 (U.S. edition) in Securities Litigation (2018-2019) and Antitrust (2019-2025)
• Named a Super Lawyer by Massachusetts Super Lawyers (2022-2025)

Admissions

• State Bar of Massachusetts
• State Bar of Connecticut
• State Bar of New York
• U.S. District Court for the District of Massachusetts
• U.S. District Court for the Southern District of New York
• U.S. District Court for the Eastern District of New York
• U.S. District Court for the Eastern District of Michigan
• U.S. Court of Appeals First Circuit
• U.S. Court of Appeals Second Circuit
• U.S. Court of Appeals Fourth Circuit
• U.S. Supreme Court

Affiliations

• Massachusetts Bar Association
• Boston Bar Association
• National Association of Public Pension Attorneys

Education

• Trustee, Reading Public Library
• President and Director of the Reading Public Library Foundation
• Member, St. Vincent de Paul Society

Publications, Presentations & Appearances

• Panel presenter on The Societal Benefits of Litigation that Protects and Preserves Public Pension Plan Assets, National Institute on Retirement Security’s 15th annual Retirement Policy Conference (Feb. 27, 2024)
• Securities Litigation: Do You Need To Be In It To Win It?, National Association of Public Pension Attorneys (June 29, 2023)
• Swimming In Shark Infested Waters, Association of Corporate Counsel-Northeast Chapter (Dec. 5, 2017)
• A View from the Courthouse: Lawsuits Targeting PBMs, Coalition of State Rheumatology Organizations, 2017 State Society Advocacy Conference, September 9, 2017
• Legal Panel Update, Opal Public Funds Summit (Jan. 2016)
• Fraud on the Market after Halliburton, Boston Bar Association Presentation (Sept. 2014)
• Supreme Court Decision in IndyMac MBS Case Could Have Big Impact on Investors, NCPERS PERSist, Spring 2014
• Closing the Court Room Doors on Shareholders, National Conference on Public Employee Retirement Systems Annual Conference (April 2014)
• Foreign Currency Exchange Fees: What you Don’t Know Can Hurt You, Oklahoma Public Fund Trustee Education Conference (Sept. 2011)
• Amendments to the Federal Rules of Civil Procedures on Experts, Boston Bar Association Presentation (Nov. 2010)
• Market Efficiency and Class Action Certification, Boston Bar Association Presentation (Sept. 2003)
• Speaking Safely On the Web, Massachusetts Investor’s Digest (Jan. 2000)
• Virtual Community Standards: Should Obscenity Law Recognize the Contemporary Community Standard of Cyberspace, 30 Suffolk University L. Rev. 117 (1996)