Settlements and Verdicts

Settlements and Verdicts: A Record of Success

More than $36,000,000 Recovered for Victims of Fraud
Mr. Meyers was one of three lead plaintiffs attorneys in a class action on behalf of victims of a fraudulent tax shelter program involving U.S. Postal Buildings. In Adams, et al. v. Alameda Investors, et al., tried in the United States District Court for the Central District of California, Mr. Meyers fought for a class of approximately 900 investors. More than $36,000,000 was recovered.

Largest Products Liability Verdict of the Year
Mr. Meyers obtained the largest jury verdict in a products liability action in New Jersey in 1997, in the amount of $9.9 million, in the case of Molinaro v. Harley Davidson, Inc. Mr. Meyers’ experts determined that a defect in the manual thumbscrew cruise control made it prone to getting stuck. The case was featured in the New Jersey Law Journal. The case was later settled on a confidential basis.

A Class Action Investor Fraud Settlement
Mr. Meyers represented the plaintiffs in the case of Gunter, et al. v. Ridgewood Energy Corp., et al, in the U.S. District Court for the District of NJ where a federal judge approved a $9.5 million settlement for 800 investors who bought limited partnership interests in 23 oil and gas companies sponsored by Ridgewood Energy Corp. The case was featured in the NJ Law Journal.

$7 Million Recovery in Real Estate Partnership Fraud
Mr. Meyers brought a Group Action in Federal court for the victims of a fraudulent real estate limited partnership investment. The case of Afonya et al. v. Adams, et al. was tried in the US District Court for the District of New Jersey. More than $7,000,000 was recovered.

Class Action Settlement for Investment Fraud Victims
Mr. Meyers won $2.1 million for 25 defrauded investors, victims of Ravi Kothare, a Registered Investment Advisor, CPA, and tax attorney who stole from their savings and retirement funds. Mr. Meyers obtained the settlements from TDAmeritrade, the brokerage company where the investors’ accounts were maintained, and from a group of accounting and law firms associated with Kothare during the time he was perpetrating his fraudulent schemes.

Pregnancy Discrimination Verdict
Mr. Meyers represented the plaintiff in the case of Dean v. EBI Medical Systems, Inc. The plaintiff was engaged in a highly sophisticated form of sales for medical supply company, EBI Medical Systems, Inc. She contended that she was denied promotions, retaliated against, and eventually fired in violation of New Jersey Law Against Discrimination, by reason of her pregnancy and her status as the mother of a young child. Jury verdict was $1.15 million. This case was featured in the NJ Employment Law Letter and NJ Law Journal.

Sears Roebuck Failed to Warn Consumers
A Federal jury in Newark, New Jersey, agreed with Mr. Meyers that Sears should have warned consumers that the plastic guard on its power lawnmowers became weak and brittle over time. Mr. Meyers’ client, a suburban mother of two, suffered serious injuries when a stone was propelled through the deflector at two times the speed of a bullet from a 357 Magnum. The Jury awarded her nearly $500,000. The case was later settled on a confidential basis.

Jury Verdict in a Retaliation Case
Mr. Meyers represented plaintiff Dr. Lynn Siebert in the retaliation case Siebert v. Drew University. On November 12, 2004 the jury awarded Siebert a $325,000 verdict against Drew University, as compensation for the retaliatory harassment conducted by the University against Siebert. Dr. Lynn Siebert, a professor of Music at Drew University for 28 years, first experienced retaliatory harassment after she filed a sex discrimination lawsuit in 1999. This case was featured in The Star-Ledger. The case was later settled on a confidential basis.

Jury Verdict in a Breach of Contract Case.
Mr. Meyers won a $2.7 million jury verdict in March of 2012 for breach of contract against a medical equipment manufacturer, in Kahanovitz v. EBI Medical Systems, for research work performed on the company’s behalf by a prominent physician.  The verdict was upheld on appeal by the Appellate Division of the New Jersey Superior Court, and later settled on a confidential basis, while a petition for certification was pending before the New Jersey Supreme Court.

Arbitration Award in a Breach of Contract Case.
Mr. Meyers won an arbitration award in the amount of $99,355, in January of 2011, in the case of Giller v. Oracle USA., Inc., on behalf of an Oracle sales representative who an arbitrator of the American Arbitration Association agreed was cheated out of sales commissions in that amount by Oracle.

OTHER CASES

  • Adams, et al. v. Alameda Investors, et al. US District Court for the Central District of California – $36,000,000+ recovered.
  • Aaberg v. Equitec Financial Group, et al. US District Court for the Northern District of California – $35,500,000 global settlement – $2,000,000+ for Aaberg plaintiffs.
  • VMS Ltd. Partnership Securities Litigation, US District Court for the Notthern District of Illinois – $24,600,000 recovered
  • Afonya et al. v. Adams, et al. US District Court for the District of NJ – $7,000,000+ recovered.
  • Arrighi, et al. v. BankAtlantic, et al. US District Court for the Southern District of Florida – $3,100,000 recovered.

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