By Cara Salvatore
Law360, New York (July 20, 2017, 8:33 PM EDT) — Berman DeValeriofounding partner Glen DeValerio has left the firm to start a new one, taking a name synonymous with the securities and antitrust arena into new areas of law, including the trial work he recently found an affinity for.
DeValerio, who co-founded the former Berman DeValerio & Pease LLP in 1982, is once again co-founding a firm, this time with Daryl Andrews, who was at Berman DeValerio for nine years and is DeValerio’s daughter. The two will maintain the securities and antitrust specialty they’ve cultivated but will also make general business litigation part of their foundation, they said. The Boston-based firm, Andrews DeValerio, opened its doors July 14.
“I found myself feeling very stale and doing the same things over again and just getting bored, frankly. And a couple of years ago Daryl and I tried a case together — very different from our prior experiences — and we had a great time,” DeValerio said. “We enjoyed different subject matter. And we kind of started talking.”
Those initial musings morphed into a serious plan this spring, at a time when a number of matters were wrapping up at the same time, particularly a large securities class action against BP PLC, “a major part of my life for the last couple of years,” DeValerio said. “Daryl and I talked about it and said, ‘Well, if we’re going to do it, now’s the time to do it.’”
DeValerio was co-lead counsel in that suit, in which investors reached a $175 million deal with BP last year after accusing it of downplaying the magnitude of the Deepwater Horizon oil spill in the weeks following the 2010 blowout.
In February, U.S. District Judge Keith P. Ellison awarded $20.25 million in attorneys’ fees and $4 million in expenses.
A couple of years ago, the two had the rare chance to work together on a trial in which a recording artist said her career was ruined by record producers, and ended up winning the trial.
“It was an entertainment litigation outside of the general practice that we normally do, and it was really fun,” and it sparked interest in branching out, Andrews said.
DeValerio has represented end payors in an antitrust suit involving Allergan PLC over ulcerative colitis drugs Delzicol and Asacol, as well as end payors in a suit involving Sandoz Inc. and Lupin Ltd. in which they recently agreed to pay a combined $6.7 million to end accusations that they struck a deal with a Valeant Pharmaceuticals Corp. unit to delay launching generic versions of the acne medication Solodyn.
Some of Andrews’ clients are coming along to the new firm, she noted. Andrews happens to be DeValerio’s daughter; her brother Kyle DeValerio will remain at his post as a partner in Berman’s Palm Beach Gardens, Florida, office.
Glen and Kyle worked together representing plaintiffs in an Ohio trucking company’s proposed class action against Eaton Corp., Volvo Truck North America and others over allegedly anti-competitive agreements.
–Additional reporting by Michelle Casady, Brian Amaral, Kat Greene and Matthew Guarnaccia. Editing by Brian Baresch.