Berman Gets Lead In Online Education IPO Fraud Suit

Law360, New York (November 12, 2010, 5:52 PM EST) -- Berman DeValerio has won lead counsel status in a putative class action accusing Education Management Corp. of overcharging the government and engaging in other fraudulent practices during the run-up to its $414 million initial public offering in October 2009.

Berman, along with liaison counsel Chimicles & Tikellis LLP, was selected by the Oklahoma Police Pension & Retirement System, and was approved Wednesday when Magistrate Judge Robert C. Mitchell granted Oklahoma Police lead plaintiff status in the case pending in the U.S. District Court for the Western...
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