Year: 2020
American Antitrust Institute Recognizes Dr. Russell Lamb, Mr. Christopher Jackman, and Mrs. Adrienne Sexton for Outstanding Antitrust Litigation Achievement in Economics
American Antitrust Institute Recognizes Dr. Russell Lamb, Mr. Christopher Jackman, and Mrs. Adrienne Sexton for Outstanding Antitrust Litigation Achievement in Economics Today, November 12, 2020, the American Antitrust Institute (“AAI”) is awarding Monument Economics Group’s Dr. Russell Lamb, Mr. Christopher Jackman, and Mrs. Adrienne Sexton with the 2020 Antitrust Enforcement Award for Outstanding Antitrust Litigation Achievement in Economics for their work on the In re Namenda Direct Purchaser Antitrust Litigation (“Namenda”) matter.
Verizon Employees Win Class Certification in ERISA Action
On Tuesday, U.S. District Judge Paul G. Gardephe certified a class of participants in Verizon’s 401(k) Plan pursuant to the Employee Retirement Income Security Act (“ERISA”), finding that Plaintiff Melina N. Jacobs has standing by virtue of her indirect investment in the Global Opportunity Fund through the Plan’s Target Date Funds. Verizon challenged her standing, saying she had no direct investment and did not demonstrate a loss. However, the Court disagreed, saying that it was sufficient that she realized “a more modest gain” by virtue of the inclusion of the Global Opportunity Fund in the Plan’s Target Date Funds.
Valeant Pharma Securities Fraud Case Settled for $1.2 Billion
A securities case filed against Valeant Pharmaceuticals International, Inc. (now Bausch Health
Companies, Inc.) on behalf of both shareholders and bondholders has settled for $1.2 billion.
Monument’s Cynthia Jones served as plaintiffs’ expert for holders of the eleven Senior Notes
that will participate in the settlement, with total par value of $17.8 billion.
J.P. Morgan Chase Agrees to Settle Lawsuit on Behalf of 401(k) Plan Participants
An ERISA action filed against J.P. Morgan Chase on behalf of participants in the company’s Defined Contribution Plan was settled in principal, with terms to be disclosed by May 22, 2020.
MEG Expands Operations to Boston, MA; Jamie Donovan to Head New Office
Monument Economics Group, a leading provider of economic consulting services and expert testimony, is pleased to announce it has expanded operations to Boston, MA. Monument’s Boston office is led by Jamie Donovan, MBA, who joins Monument as a Principal.