The Miller Law Firm, P.C., headquartered in Rochester, Michigan, is recognized throughout the United States as a leader in complex business lawsuits and securities and consumer class action litigation.
August 18, 2014 - The Miller Law Firm, P.C. is pleased to announce that the United States District Court, District of Minnesota granted final approval of a $62.5 million settlement in a class action against Wells Fargo Bank on behalf of participants in the Bank's securities lending program. The total settlement amount is among the largest recoveries achieved in a securities lending class action stemming from the 2008 financial crisis. The settlement was literally achieved on the courthouse steps the weekend before a jury trial was scheduled to commence. E. Powell Miller stated that, Wells Fargo had prevailed on a similar case just last year, but we were not about to back down. This settlement represents an outstanding result for the pensions and other investors. Our success was only possible after years of hard -fought litigation and intense trial preparation. The settlement proceeds will be shared by a class of approximately 100 pension funds, corporations, insurance companies and others who participated in Wells Fargo Bank's securities lending program from January 1, 2006 to present. The City of Farmington Hills Employees Retirement System v. Wells Fargo Bank, N.A., Civil No. 10-4372 DWF/JJG.
August 4, 2014 - The Miller Law Firm announces record $970.5 million settlement reached in In re AIG 2008 Securities Litigation, in which the firm was a lead counsel. Click here for more.
June 25, 2014 -One of the Miller Law Firms antitrust class action lawsuits has been featured in the Michigan Lawyers Weekly, Verdicts and Settlements column. In the case of In re: Refrigerant Compressors Antitrust Litigation, the plaintiffs, represented by the Miller Law Firm, alleged a conspiracy where several compressor manufactures engaged in anti-competitive practices which resulted in members of the class paying higher prices than they otherwise would. After an extensive investigation and years of litigation the Miller Law Firm reached separate settlement agreements with the defendants, resulting in a settlement award of $30 million. Click here to read the full article.
June 5, 2014 - The Miller Law Firm has successfully settled a class action lawsuit against Well Fargo Bank N.A.’s securities lending program. Representing nearly 100 institutional investors, the Miller Law Firm argued that the bank mischaracterized its securities lending program as being safe, but instead placed significant amounts of cash collateral in high-risk investments such as structured investment vehicles which resulted in significant losses for investors. Both parties are awaiting preliminary approval of the settlement in the amount of $62.5 million.
June 17, 2014 - E. Powell Miller joined the University of Michigan’s head basketball coach, John Beilein and other industry professionals to speak at the “BLB&G Seminar on Litigation and Michigan’s Pension Funds” in Ann Arbor. The seminar explored the changing regulatory and legal landscapes affecting pension fund holdings as well as instructed listeners of the best practices for protecting their funds’ portfolios. Mr. Miller focused his presentation on the perspectives of the shareholder litigation process. To learn more see: http://www.blbglaw.com/news/events/data/00147
June 26, 2014 - The Miller Law Firm is a proud sponsor of the fifth annual Danielle Karmanos’ Work It Out Motor City Bike Ride taking place on Belle Isle, July 19, 2014. Funds raised benefit the Danielle Karmanos’ Work It Out (DKWIO) campaign, which is a non-profit organization that works to promote a healthy lifestyle for children across Southeast Michigan. To learn more see http://dkwio.org/wordpress/.
April 7, 2014 - E. Powell Miller is lead counsel in a jury trial scheduled to start April 14, 2014 against Wells Fargo Bank involving its securities lending program. There have been two prior jury trials on this issue, one in which the jury ruled in favor of the plaintiff and one in favor of Wells Fargo. In the later trial, although the jury ruled in favor of Wells Fargo Bank, Judge Donovan Frank ruled that had he not been bound by the jury�s findings, he would have found that Wells Fargo breached its fiduciary duty. A copy of the opinion can be found here.
January 27, 2014 � The Miller Law Firm succeeded in earning two of the top five Class Action Settlement rankings in the Michigan Lawyer’s Weekly’s annual survey of “Million-Dollar Verdicts & Settlements 2013.” The firms’ securities fraud class-action lawsuit, In Re: Caraco Pharmaceutical Laboratories, Ltd. Securities Litigation in the Eastern District of Michigan, settled for $2,975,000. And, the firm’s class action relating to the sale of TechTeam Global Inc. to Stefanini International Holdings Ltd. and its subsidiary, Platinum Merger Sub Inc., In Re TechTeam Global Inc. Shareholder Litigation in Oakland County Circuit Court, settled for $1,775,000.
December 27, 2013 - United States District Court Judge Stephen Murphy has approved an $11 million class-action settlement in the lawsuit brought against Comerica by participants in its securities lending program. The Miller Law Firm was Co-Lead Counsel for the plaintiffs, who included both ERISA plans and non-ERISA entities. Judge Murphy noted the case’s uniqueness: “The prosecution of any complex financial class action presents inherently complex and novel legal issues�. counsel had only a limited body of law addressing securities lending claims to work with here compared to the established corpus of securities fraud law, which is still considered to be very intricate.” Birmingham Employees' Retirement System v. Comerica Bank, Case No. 09-cv-13201, Dkt. No. 137 at 14. Judge Murphy concluded that “[c]ounsel here have practiced at the highest levels of professional competency.” Id.
December 16, 2013 � The Miller Law Firm won another class action settlement in Macomb County Circuit Court that secured valuable disclosures relating to the merger of defendant Asset Acceptance Capital Corporation with defendant Encore Capital Group Inc. The supplemental disclosures included, among other things, critical information about core business projections (which was previously omitted) that provided information to shareholders about the intrinsic value of AACC.
November 1, 2013 - The Miller Law Firm is proud to announce three of its lawyers have been named Best Lawyers in Michigan for 2014: E. Powell Miller, Marc L. Newman, and Richard (Tony) Braun. Mr. Miller has been named in Best Lawyers since 2006.
November 1, 2013 - The Miller Law Firm has been ranked as a 2014 Tier 1 law firm in the Detroit area for Commercial Litigation by “Best Lawyers” and the U.S. News and World Report. Firms included in the 2014 “Best Law Firms” list are recognized for professional excellence with persistently impressive ratings from clients and peers. Achieving a tiered ranking signals a unique combination of quality law practice and breadth of legal expertise. Click here for more information.
September 27, 2013 - E. Powell Miller was recently featured in Best Lawyers: “Where the Love of Baseball Meets a Passion for the Law.” Click here for full article.
September 19, 2013 - E. Powell Miller and Kevin O’Shea have established The Patrick O’Neill Memorial Award in memory of an outstanding friend and former high school debate colleague who died in 2011 after a long struggle with bone cancer. Powell, Kevin, and Pat were all high school debaters in the late 1970s. The Patrick O’Neill Memorial Award will be presented each fall at The Glenbrooks High School Debate Tournament in suburban Chicago to a student who exemplifies Pat’s qualities as a creative, hard-working, successful high school debater with a unique ability to forge lasting friendships with colleagues and opponents alike. The first award will be presented in November 2013.
September 10, 2013 - After a successful mediation, a client said this about E. Powell Miller: “Not only do you display an amazing knowledge of the law, but I noticed that you observed absolutely everything. Nothing gets past you, which is a big advantage for the client that you are representing and, no doubt, very daunting for the opposing counsel.”
September 9, 2013 - Five attorneys, E. Powell Miller, Martha Olijnyk, Devon Allard, Casey Fry, and Rick Merpi, are now participating in the 2013-2014 term of the Oakland County Bar Association’s chapter of the American Inns of Court. Mr. Miller serves as a Master and Ms. Olijnyk serves as a Barrister. American Inns of Court are designed to improve the skills, professionalism and ethics of the bench and bar.
September 6, 2013 - Sixteen attorneys at The Miller Law Firm have been named to Michigan Super Lawyers for 2013. For the fifth consecutive year, E. Powell Miller has been named to the exclusive Super Lawyers Top 10 list and Marc Newman has been named to the Top 100 Super Lawyers list. Sharon Almonrode was recognized as one of the Top 50 Women Lawyers in Michigan. The following attorneys were also recognized as Michigan Super Lawyers for 2013: Jayson E. Blake, Tony Braun, Brian Etzel, Ann Miller, Martha Olijnyk, Kevin F. O’Shea, and Adam Schnatz. And, these attorneys have been named as Rising Stars for 2013: Devon Allard, Casey Fry, Emily Hughes, Ryan Jarnagin, Lauren Northrop, and Melissa Wojnar-Raycraft.