APPALOOSA INVESTMENT L.P. I, ET AL. V. J.P. MORGAN SECURITIES, INC., ET AL.

We are lead trial counsel for 14 institutional investors seeking to recover over $50 million in damages they suffered as a result of what has been described as the largest gold fraud in history, Bre-X.  We were retained to file claims for these investors in New Jersey state court after earlier counsel were unable to obtain an order certifying a class action to recover damages for these and other investors who purchased stock in Bre-X.  Defendants include JP Morgan Chase, Bank of Montreal, and Nesbitt Burns, whom Plaintiffs allege knew or should have known that, far from being the largest gold strike in history, Bre-X was “salting” its mines with gold from foreign sources to create the appearance of gold where none existed.  We have won a number of key decisions in the trial court and have held on to all of them on interlocutory appeal.