Berman Tabacco

Patrick T. Egan

Partner

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 18 years. Pat focuses his practice in the areas of federal securities, antitrust and ERISA litigation, particularly involving complex securities, market manipulation and healthcare frauds. Committed to a level playing field for all investors, Pat has litigated fraud actions that have recovered well over $1 billion for his institutional and individual clients and other affected investors.

Pat also has an active practice representing corporate whistleblowers. Whether assisting clients who provide information and assistance to the U.S. Securities and Exchange Commission, U.S. Commodity Futures Trading Commission, Internal Revenue Service or state regulators, Pat strives to ensure that his clients’ voices are heard and that they have an active role in assisting the regulators with their enforcement of the federal and state laws. Pat also represents 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, Pat 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.

Pat is a frequent lecturer on topics related to securities litigation and healthcare fraud.  He is also an Adjunct Faculty member of the Business Studies department at Assumption College, where he teaches a course on Corporate Governance and White-Collar Crime.  In 2018, he was ranked as a Recommended Attorney in Securities Litigation by The Legal 500 and was designated a Local Litigation Star by Benchmark Litigation in 2013-2015 and 2018-2019.

Experience

  • 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, the EuroYen Tibor, Euribor, Swiss franc Libor and the Canadian Dollar Offered Rate.
  • Currently, serves as one of the lead partners representing a class of EpiPen purchasers that have sued their pharmacy benefit managers (“PBMs”) under ERISA alleging that the PBMs bear responsibility for the massive increase in the amount EpiPen purchasers paid out-of-pocket for EpiPen.
  • 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.
  • Helped secure a $180 million settlement for former shareholders in a pair of cases tied to a massive accounting fraud scheme at Lernout & Hauspie Speech Products, N.V., a bankrupt Belgian software company

Publications, Presentations & Appearances

  • 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 by Patrick Egan, 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)
Patrick T. Egan Partner
Boston
One Liberty Square
Boston, MA 02109

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 18 years. Pat focuses his practice in the areas of federal securities, antitrust and ERISA litigation, particularly involving complex securities, market manipulation and healthcare frauds. Committed to a level playing field for all investors, Pat has litigated fraud actions that have recovered well over $1 billion for his institutional and individual clients and other affected investors.

Pat also has an active practice representing corporate whistleblowers. Whether assisting clients who provide information and assistance to the U.S. Securities and Exchange Commission, U.S. Commodity Futures Trading Commission, Internal Revenue Service or state regulators, Pat strives to ensure that his clients’ voices are heard and that they have an active role in assisting the regulators with their enforcement of the federal and state laws. Pat also represents 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, Pat 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.

Pat is a frequent lecturer on topics related to securities litigation and healthcare fraud.  He is also an Adjunct Faculty member of the Business Studies department at Assumption College, where he teaches a course on Corporate Governance and White-Collar Crime.  In 2018, he was ranked as a Recommended Attorney in Securities Litigation by The Legal 500 and was designated a Local Litigation Star by Benchmark Litigation in 2013-2015 and 2018-2019.

Education
  • Suffolk University Law School (J.D., cum laude, 1997)
  • Providence College (B.A., Political Science, cum laude, 1993)
Experience
  • 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, the EuroYen Tibor, Euribor, Swiss franc Libor and the Canadian Dollar Offered Rate.
  • Currently, serves as one of the lead partners representing a class of EpiPen purchasers that have sued their pharmacy benefit managers (“PBMs”) under ERISA alleging that the PBMs bear responsibility for the massive increase in the amount EpiPen purchasers paid out-of-pocket for EpiPen.
  • 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.
  • Helped secure a $180 million settlement for former shareholders in a pair of cases tied to a massive accounting fraud scheme at Lernout & Hauspie Speech Products, N.V., a bankrupt Belgian software company
Honors & Distinctions
  • Ranked as a Recommended Attorney in Securities Litigation by The Legal 500 (U.S. edition 2018)
  • Local Litigation Star by Benchmark Litigation in 2013-2015 and 2018-2019
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. Court of Appeals First Circuit
  • U.S. Court of Appeals Second Circuit
  • U.S. Court of Appeals Fourth Circuit
  • U.S. Supreme Court
Affiliations
  • American Bar Association, Business Law and Litigation Sections
  • Massachusetts Bar Association
  • Boston Bar Association
  • National Association of Public Pension Attorneys
Publications, Presentations & Appearances
  • 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 by Patrick Egan, 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)