Berg, Ian D.
- Of Counsel
Mr. Berg concentrates his practice in the area of securities litigation on behalf of public and private institutional investors, and has helped obtain significant recoveries on behalf of class members in several nationwide securities class actions, including In re Tyco, International Securities Litigation ($3.2 billion), In re Initial Public Offering ($586 million) and In re Delphi Corporation Securities Litigation ($325 million). Prior to joining Abraham, Fruchter & Twersky, LLP to open the firm’s San Diego, California office, Mr. Berg was associated with preeminent shareholder litigation firms Bernstein, Litowitz, Berger & Grossmann, LLP and Barroway, Topaz, Kessler, Meltzer & Check, LLP. Mr. Berg has also helped resolve individual direct action claims on behalf of institutional funds, many of whom elected to opt-out of class action settlement recoveries. Recently, Mr. Berg helped several prominent mutual funds and a respected investment advisor resolve individual claims against Marsh & McLennan Companies, at a substantial premium to what they otherwise would have recovered by participating in the $400 million class action settlement.
Mr. Berg has published several articles advising institutional investors regarding securities class action litigation. Recently, Mr. Berg has authored or co-authored the following articles: “Other People’s Money: The Unrealized Conflicts of Securities Lending” (Wall Street Lawyer, July 2010); “Why Institutional Investors Opt-Out of Securities Fraud Class Actions and Pursue Direct Individual Actions” (PLI Securities Litigation and Enforcement Institute, July 23, 2009); “Credit Rating Agencies: Out of Control and in Need of Reform” (Securities Litigation & Regulation Reporter, June 30, 2009); “Ruling Warns Funds to Follow Class Actions” (Pensions & Investments, December 8, 2008); and “The 7th Circuit Sends a Strong Message: Institutions Must Monitor Securities Class Actions Claims” (The NAPPA Report, August 2008).
- (858) 764-2580
- J.D., Northwestern University School of Law
- B.A., Northwestern University
- Bar Admission(s):
- U.S. District Court, Northern District of California
- U.S. District Court, Southern District of California
- U.S. District Court, Central District of California
- U.S. District Court, District of Colorado
- U.S. Court of Appeals, First Circuit
- U.S. Court of Appeals, Second Circuit
- U.S. Court of Appeals, Third Circuit
- U.S. Court of Appeals, Ninth Circuit