M Norman Goldberger

M. Norman Goldberger


M. Norman Goldberger co-leads the firm's Municipal Securities Regulation and Enforcement Team. He concentrates on complex commercial matters, including securities litigation, consumer fraud class actions, restrictive covenants, derivative actions, internal investigations, False Claims Act litigation, RICO litigation, and issues relating to the availability of insurance coverage for commercial litigation matters.

Norman has represented clients ranging from start-ups to Fortune 500 public clients in industries including financial institutions, stock brokerages, investments/securities, accounting, cable and telecommunications, real estate investment trusts, real estate partnerships, construction, engineering, equipment leasing, semiconductors, chemicals, retail, manufacturing, and hospitals and health care facilities.

Professional Highlights

Professional Activities

American Bar Association

Pennsylvania Bar Association

Philadelphia Bar Association

Recognition & Accomplishments

Chambers USA, Litigation: Securities Law (Pennsylvania), 2009-2024

The Best Lawyers in America, Commercial Litigation, Mergers and Acquisitions Litigation, Regulatory Enforcement Litigation, and Securities Litigation (Philadelphia), 2006-2024

The Legal 500, Securities Litigation: Defense, 2020-2024

The Best Lawyers® Annual Guide To Commercial Litigation, 2009

Speaking Engagements

"Finding the Pea: Who Has the Privilege in Corporate Investigations?" ACC Greater Philadelphia's 2019 In-House Counsel Conference, Philadelphia, April 24, 2019

"MCDC Self-Reporting: Proving Materiality under Federal Securities Law," Ballard Spahr webinar, August 7, 2014

"After the Issuance of Bonds: Continuing Disclosure and SEC Municipal Enforcement," Ballard Spahr event, Wilmington, DE, June 5, 2014

Panelist, "Securities Litigation Today: Navigating the New Enforcement Regime and Plaintiff’s Actions," Ballard Spahr CLE seminar, Philadelphia, October 19, 2011

"What Constitutes the Right Settlement Predictors, Blow Provisions, and Coverage Disputes," NERA's Thirteenth Finance, Law and Economics Conference, July 5, 2010


Co-author, "Damage in ERISA Stock Drop Cases: Drop Preconceived Notions," Bloomberg BNA Benefit Practitioners' Strategy Guide, February 2015 

Co-author, "Pennsylvania's Strong Protections for Corporate Boards," Insights Magazine: Corporate Governance, February 2012

"Responding to Enforcement and Disclosure Requirements in the Securities Law Realm," Recent Developments in Securities Law, 2011 ed., 7-29, Aspatore Books (West), 2011



University of Pennsylvania Law School (J.D., cum laude, 1978)
Editor, University of Pennsylvania Law Review
Order of the Coif

University of Pennsylvania (B.A., magna cum laude, 1975)