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, […]

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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.

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