Benjamin Galdston, Berger Montague.Eyeing Another Recession, Berger Montague Expands West, Bulks Up Securities Practice
The new office is headed by securities litigator Benjamin Galdston, who said a number of economic factors are indicating that another financial crisis might be on its way. Berger Montague is gearing up to help clients deal with the potential legal issues that would arise from such a crisis, he said.
July 24, 2019 at 02:39 PM
3 minute read
The original version of this story was published on The Recorder
Philadelphia-based plaintiffs class action and commercial litigation firm Berger Montague has opened an office in San Diego, expanding its footprint to the West Coast.
The new office is headed by Benjamin Galdston, who has joined the firm as a shareholder from Bernstein Litowitz Berger & Grossmann. The San Diego office is Berger Montague's fourth nationwide.
“My focus is really going to be on institutional investor clients, because California has some of the largest—if not the largest—public pension funds in the country, and other institutional investors, private equity, money managers, etc.” Galdston said in an interview. “It is critical to have boots on the ground and a presence to work with those kinds of clients.”
Galdston began working with Berger Montague in April to help the firm plot out it San Diego office. He said the California office will focus on bolstering the securities litigation practice and representing clients in commercial, antitrust and other complex litigation matters.
Galdston, who has with more than 18 years of experience representing institutional investors in complex class and individual actions, said a number of economic factors are indicating that another financial crisis might be on its way. Berger Montague is gearing up to help clients deal with the potential legal issues that would arise from such a crisis, he said.
“We want to be poised and prepared to meet those challenges when the litigation ramps up, and it will,” he said.
The San Diego office is the third new location Berger Montague has opened since 2016, when it added a presence in Minneapolis. It also has an office in Washington, D.C.
Galdston added that opening in California “is part of the overall growth strategy that the new leadership is implementing.” Berger Montague announced in January that it elected Eric Cramer to succeed Sherrie Savett as its chair as the firm looked to transition from the founding partners to the next generation of leadership.
“It is a growth strategy that is both perspectives and based on our expectations and also based on the current trends and demands from our clients,” Galdston said.
According to the firm's website, Berger Montague has more than 60 lawyers representing clients in civil litigation, with a focus on complex matters and class actions.
|Read More
Berger Montague Gets New Chair as Next Generation Takes Reins
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Child Welfare Agency, Hotel Agree to $9.4M Settlement With Trafficking Victim
3 minute read
Federal Judge Rejects Lyft's 'Competitive Harm' Claims in Attempt to Seal Safety Procedures, Storage Information
4 minute read
Pittsburgh's Rothman Gordon Set to Close at End of Month After 70 Years
2 minute readTrending Stories
Who Got The Work
Dechert partners Andrew J. Levander, Angela M. Liu and Neil A. Steiner have stepped in to defend Arbor Realty Trust and certain executives in a pending securities class action. The complaint, filed July 31 in New York Eastern District Court by Levi & Korsinsky, contends that the defendants concealed a 'toxic' mobile home portfolio, vastly overstated collateral in regards to the company's loans and failed to disclose an investigation of the company by the FBI. The case, assigned to U.S. District Judge Pamela K. Chen, is 1:24-cv-05347, Martin v. Arbor Realty Trust, Inc. et al.
Who Got The Work
Arthur G. Jakoby, Ryan Feeney and Maxim M.L. Nowak from Herrick Feinstein have stepped in to defend Charles Dilluvio and Seacor Capital in a pending securities lawsuit. The complaint, filed Sept. 30 in New York Southern District Court by the Securities and Exchange Commission, accuses the defendants of using consulting agreements, attorney opinion letters and other mechanisms to skirt regulations limiting stock sales by affiliate companies and allowing the defendants to unlawfully profit from sales of Enzolytics stock. The case, assigned to U.S. District Judge Andrew L. Carter Jr., is 1:24-cv-07362, Securities and Exchange Commission v. Zhabilov et al.
Who Got The Work
Clark Hill members Vincent Roskovensky and Kevin B. Watson have entered appearances for Architectural Steel and Associated Products in a pending environmental lawsuit. The complaint, filed Aug. 27 in Pennsylvania Eastern District Court by Brodsky & Smith on behalf of Hung Trinh, accuses the defendant of discharging polluted stormwater from its steel facility without a permit in violation of the Clean Water Act. The case, assigned to U.S. District Judge Gerald J. Pappert, is 2:24-cv-04490, Trinh v. Architectural Steel And Associated Products, Inc.
Who Got The Work
Michael R. Yellin of Cole Schotz has entered an appearance for S2 d/b/a the Shoe Surgeon, Dominic Chambrone a/k/a Dominic Ciambrone and other defendants in a pending trademark infringement lawsuit. The case, filed July 15 in New York Southern District Court by DLA Piper on behalf of Nike, seeks to enjoin Ciambrone and the other defendants in their attempts to build an 'entire multifaceted' retail empire through their unauthorized use of Nike’s trademark rights. The case, assigned to U.S. District Judge Naomi Reice Buchwald, is 1:24-cv-05307, Nike Inc. v. S2, Inc. et al.
Who Got The Work
Sullivan & Cromwell partner Adam S. Paris has entered an appearance for Orthofix Medical in a pending securities class action arising from a proposed acquisition of SeaSpine by Orthofix. The suit, filed Sept. 6 in California Southern District Court, by Girard Sharp and the Hall Firm, contends that the offering materials and related oral communications contained untrue statements of material fact. According to the complaint, the defendants made a series of misrepresentations about Orthofix’s disclosure controls and internal controls over financial reporting and ethical compliance. The case, assigned to U.S. District Judge Linda Lopez, is 3:24-cv-01593, O'Hara v. Orthofix Medical Inc. et al.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
