Attorney Timothy L. Miles's Legal Cases

Securities and investment fraud

Garden City Emps.’ Ret. Sys. v. Psychiatric Solutions, Inc., No. 3:09-cv-00882-WJH (M.D. Tenn.) (Haynes, J.)

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OUTCOME: $65 million recovery

Firm served as Liaison Counsel in an action brought against Psychiatric Solutions, Inc., an operator of more than 95 psychiatric facilities for at-risk children and teens, and 4 of its former and curre ... nt executives. The firm was extensively involved in all aspects of the prosecution of the case including assisting Lead Counsel prepare the case for trial. The case was litigated for over 4 years and settled on the eve of trial for $65 million representing the largest securities recovery in the Middle District of Tennessee in almost a decade

Employee benefits

In re Global Crossing Ltd. Securities & ERISA Litigation, MDL Docket No. 1472 (S.D.N.Y.) (Lynch, J.)

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OUTCOME: $79 million recovery

Firm served as a member of the lead counsel committee in a class action brought against Global Crossing, Ltd. and its officers and directors. This action was brought on behalf of all participants and b ... eneficiaries of the Global Crossing Employees’ Retirement Savings Plan, a 401(k) plan operated and administered by Global Crossing Ltd., and alleges breaches of fiduciary duties and violations of ERISA disclosure requirements. The suit alleged that Global Crossing failed to disclose to plan participants adequate information about the true financial position of the company and even encouraged their employees to invest or maintain investments in company stock while placing restrictions on the employees’ ability to sell their company stock. The case resulted in a settlement valued at approximately $79 million.

Mergers and acquisitions

In re Dollar General Corp. S’holders Litig., No. 07MD-1 (Davidson County 6th Cir. Ct., Tenn.)

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OUTCOME: $40 million recovery

Firm served as Liaison Counsel in a class action on behalf of former Dollar General shareholders. The firm helped to secure a recovery of $40 million in cash for former Dollar General shareholders on t ... he eve of trial. The settlement represents the largest cash recovery for shareholders in merger-related litigation in Tennessee history and one of the largest in U.S history.

Securities and investment fraud

In re Questcor Pharmaceuticals, Inc. Securities Litigation, No. 8:12-cv-01623-DMG(JPRx) (C.D. Cal.) (Gee, J.)

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OUTCOME: $38 million recovery

Firm served as Plaintiffs’ Counsel in a securities class action which resulted in a settlement of $38 million.

Securities and investment fraud

Beach et al. v. Healthways, et al., Civil Action No. 3:08-00569 (M.D. Tenn. (Campbell, J.)

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OUTCOME: $23.6 million recovery

Firm served as Plaintiff’s Liaison Counsel in an action brought against Healthways and certain of its officers and directors in an action alleging violations of federal securities laws which resulted i ... n a settlement of $23.6 million.

Securities and investment fraud

In re America Service Group Litigation, Civ. No. 3:06-cv-00323 (M.D. Tenn.) (Haynes, J.)

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OUTCOME: $14.894 million recovery

Firm served as Liaison Counsel in a securities class action which resulted in a settlement of $14.895 million in cash and stock.

Securities and investment fraud

In re Direct General Corporation Securities Litigation, Civil Action No. 3:05-0077 (M.D. Tenn. (Campbell, J.)

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OUTCOME: $14.96 million recovery including $2.96 million recovered from the individual defendants

Firm served as Plaintiff’s Liaison Counsel in an action brought against Direct General Corporation and certain of its officers and directors in an action alleging violations of federal securities laws ... which resulted in a settlement of $14.96 million including $2.96 million recovered from the individual defendants.

Securities and investment fraud

In re Envoy Securities Litigation, Civ. No. 3-98-0760 (M.D. Tenn.) (Haynes, J.)

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OUTCOME: $11 million recovery

The firm served as Plaintiff’s Liaison Counsel in an action brought against Envoy Corporation and certain of its officers and directors in an action alleging violations of federal securities laws which ... resulted in a settlement of $11 million.

Employee benefits

In re Broadwing, Inc. ERISA Litigation, Case No. C-1-02-857 (S.D. Ohio) (Beckwith, J.)

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OUTCOME: $11 million recovery

Firm served as Plaintiffs’ Counsel in a class action brought against Broadwing, Inc. and its officers and directors. This action was brought on behalf of all participants and beneficiaries of the Broad ... wing Savings and Investment Plan, a 401(k) plan operated and established by Broadwing, and alleges breach of fiduciary duty and violations of ERISA disclosure requirements. The case resulted in a settlement of $11 million.

Securities and investment fraud

In Re Juniper Networks, Inc. Derivative Litigation, Lead Case No. 1:06CV064294 (Sup. Ct. Santa Clara, CA)

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OUTCOME: Substantive corporate governance reforms and a contribution of more than $22 million in stock options to the company from four executives and directors of the board

Firm served as Plaintiffs' counsel in shareholder derivative actiion involving backdating of stock options which resulted in substantive corporate governance reforms and a contribution of more than $22 ... million in stock options to the company from four executives and directors of the board

Timothy L. Miles's Legal Cases (13)

Garden City Emps.’ Ret. Sys. v. Psychiatric Solutions, Inc., No. 3:09-cv-00882-WJH (M.D. Tenn.) (Haynes, J.)

In re Global Crossing Ltd. Securities & ERISA Litigation, MDL Docket No. 1472 (S.D.N.Y.) (Lynch, J.)

In re Dollar General Corp. S’holders Litig., No. 07MD-1 (Davidson County 6th Cir. Ct., Tenn.)

In re Questcor Pharmaceuticals, Inc. Securities Litigation, No. 8:12-cv-01623-DMG(JPRx) (C.D. Cal.) (Gee, J.)

Beach et al. v. Healthways, et al., Civil Action No. 3:08-00569 (M.D. Tenn. (Campbell, J.)

In re America Service Group Litigation, Civ. No. 3:06-cv-00323 (M.D. Tenn.) (Haynes, J.)

In re Direct General Corporation Securities Litigation, Civil Action No. 3:05-0077 (M.D. Tenn. (Campbell, J.)

In re Envoy Securities Litigation, Civ. No. 3-98-0760 (M.D. Tenn.) (Haynes, J.)

In re Broadwing, Inc. ERISA Litigation, Case No. C-1-02-857 (S.D. Ohio) (Beckwith, J.)

In Re Juniper Networks, Inc. Derivative Litigation, Lead Case No. 1:06CV064294 (Sup. Ct. Santa Clara, CA)