With a sizable presence in California and Massachusetts, Berman Tabacco has, since it was established over 40 years ago, gained an excellent reputation for its ability to cater to institutional investors across a range of securities and antitrust class actions. Founder of the firm’s San Francisco office Joseph Tabacco and office managing partner Nicole Lavallee have excellent ties with state-wide public pension plans. Tabacco and Lavallee recently successfully settled a high-profile securities fraud case, complicated by the fact that the defendants were based in Greece and the trustee in bankruptcy for the defendant company attempted to release all the class members’ securities fraud claims through the bankruptcy proceedings. Boston-based Leslie Stern co-heads the overarching team alongside Lavallee, and as well as litigating matters is also responsible for evaluating new cases for clients.
Legal 500 Editorial commentary

Accolades

Client satisfaction

Testimonials

Collated independently by Legal 500 research team.

  • 'Excellent work product and communication with client.'
  • 'The client portal and its auto-generated alerts for pending securities class action cases/settlements is excellent and very user friendly.'
  • 'Excellent practitioners. Experts in their field, and their work product is amongst the best I've seen.'

Key clients

  • California Public Employees’ Retirement System
  • California State Teachers’ Retirement System
  • Alameda County Employees’ Retirement Association
  • Oklahoma Police Pension and Retirement System
  • Orange County Employees Retirement System
  • West Palm Beach Firefighters’ Pension Fund
  • State Universities Retirement System of Illinois
  • Norfolk County Retirement System
  • Employees’ Retirement System of the City of Providence
  • Employee Retirement System of Rhode Island

Work highlights

  • Settled a securities fraud class action for $41.749m on behalf of a state pension fund and the class in In re Aegean Marine Petroleum Network, Inc. Securities Litigation, No. 18-cv-04993-NRB (S.D.N.Y.).
  • Settled a securities fraud class action for $17.5m on behalf of Lead Plaintiff Alameda County Employees’ Retirement Association and the class in Hayden v. Portola Pharmaceuticals Inc., et al., No. 3:20-cv-00367-VC (N.D. Cal.).
  • Settled a securities fraud class action for $12.5m on behalf of Lead Plaintiff Oklahoma Police Pension & Retirement System and the class in Oklahoma Police Pension & Retirement System v. Sterling Bancorp, Inc, et al., No. 5:20-cv-10490-JEL-EAS (E.D. Mich.).

Lawyers

Practice head

Nicole Lavallee; Leslie Stern

Other key lawyers

Joseph Tabacco; Daniel Barenbaum; Patrick Egan; Kristin Moody; Nathaniel  Orenstein; Steven Buttacavoli; Jeffrey Rocha