Kalpish K. Mehta is a staff attorney at Cohen Milstein and a member of the Antitrust practice. He assists in discovery and evidentiary-related aspects of litigation and deposition preparation. He has extensive discovery experience in antitrust class action litigation, including Department of Justice Antitrust Division and Federal Trade Commission investigations.
Kalpish served in the U.S. Army for six years as an Infantry/Signal Officer, starting as a Paratrooper with the 82nd Airborne Division stationed at Fort Bragg, NC and finishing his final year as a Signal Officer with Eighth Army stationed in South Korea.
Before military service, Kalpish worked in various private practice settings. His litigation experience includes medical malpractice and criminal defense.
- District of Columbia
- Santa Clara University, B.S., cum laude, 1997
- Brooklyn Law School, J.D., 2002
Current Cases
Stock Loan Antitrust Litigation
Iowa Public Employees Retirement System et al. v. Bank of America Corp. (S.D.N.Y.): Cohen Milstein is co-counsel in this groundbreaking putative class action, in which investors accuse Morgan Stanley, Goldman Sachs, Credit Suisse, UBS, J.P. Morgan, and other Wall Street banks of conspiring to thwart the modernization of and preserve their dominance over the $1.7 trillion stock loan market. On September 1, 2023, the court granted preliminary approval of a historic settlement of $499 million in cash along with injunctive relief against defendants Morgan Stanley, Goldman Sachs, UBS, JP Morgan, and EquiLend, bringing total settlements to $580 million thus far. Litigation against Bank of America continues.
Past Cases
UFCW & Employers Benefit Trust v. Sutter Health, et al.
Sutter Health Antitrust Litigation (Sup. Ct., San Fran. Cty., Cal.): On August 27, 2021, the Court granted final approval of a $575 million eve-of-trial settlement, which includes significant injunctive relief, in this antitrust class action against Sutter Health, one of the largest healthcare providers in California, for restraining hospital competition through anticompetitive contracting practices with insurance companies. Cohen Milstein was one of five firms that litigated this case since 2014 on behalf of a certified class of self-insured employers and union trust funds. California’s Attorney General joined the suit in March 2018.
July 1, 2022
Judge Says Stock Loan Antitrust Class Should Be Certified
A federal magistrate judge has called for the partial certification of a proposed class of investors who accused major banks including JPMorgan and Goldman Sachs of colluding to kill competition in the stock loan market, saying that the class meets all the necessary requirements, but the class period should not be expanded. U.S. Magistrate Judge […]
In the News | Law360
July 1, 2022
Stock-Loan Case Against Goldman, Other Banks Takes Step Toward Class Certification
Pension funds allege “group boycott” of startup platforms in stock loan market Manhattan federal judge in 2018 declined to dismiss case Credit Suisse in February first to settle, for $81 million A Manhattan federal judge on Thursday recommended the certification of a class of investors who have alleged Goldman Sachs Group Inc, JPMorgan Chase & […]
In the News | Reuters
February 11, 2022
Credit Suisse to Pay $81M to Exit Stock Loan Antitrust Suit
Credit Suisse has agreed to pay investors $81 million to be the first bank to exit a putative New York federal court class action accusing banks of colluding to kill competition in the stock loan market, the investors said in a bid for preliminary approval of the so-called icebreaker deal Friday. As a part of […]
In the News | Law360
August 30, 2021
Sutter Health’s $575M Antitrust Settlement Is Final: 4 Things to Know
San Francisco Superior Court Judge Anne-Christine Massullo granted final approval of Sutter Health’s $575 million antitrust settlement Aug. 27. Four things to know: 1. The settlement was initially reached in December 2019 by Sutter and the parties that sued the Sacramento, Calif.-based system, including then-California Attorney General Xavier Becerra, unions and other employers. Ms. Massullo […]
In the News | Becker’s Hospital Review
August 30, 2021
Federal Judge Grants Final Approval of $575M Settlement Against Sutter Health
A federal judge has granted final approval for a $575 million settlement with Northern California-based hospital system Sutter Health that settles allegations of price gouging. The settlement judgment, announced late Friday, requires Sutter to not only pay $575 million but also to adopt several reforms aimed at curbing anti-competitive practices. “Sutter will no longer have […]
In the News | Fierce Healthcare
August 28, 2021
Judge Approves Sutter Health Antitrust Deal. What That Means for California Health Care
Sutter Health is $575 million poorer — and now must operate under new rules designed to curb its ability to dictate the price of health care in Sacramento and Northern California. A judge late Friday approved a landmark antitrust settlement agreement between the Sacramento-based hospital chain, the state of California and a group of health […]
In the News | The Sacramento Bee
December 13, 2020
How a Hospital System Grew to Gain Market Power and Drove Up California Health Care Costs
Sutter Health is in the midst of a lawsuit for business practices that drove up health care prices for Californians The coronavirus pandemic has unleashed more than a flood of disease in this country. It’s also expected to accelerate a wave of hospital mergers and acquisitions – with big hospitals buying up smaller ones. This […]
In the News | 60 Minutes