|By Marketwired .||
|July 29, 2014 04:17 PM EDT||
NEW YORK, NY -- (Marketwired) -- 07/29/14 -- The law firm of Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") has once again been ranked the #1 securities class action firm in the United States.
According to data compiled by ISS's Securities Class Action Services ("SCAS"), BLB&G again topped the "SCAS 50" rankings, obtaining nearly $4 billion in recoveries for investors in 2013 -- more than any other firm in the nation.
SCAS has compiled the "SCAS 50," its annual report of the top firms prosecuting securities litigation in the U.S., for over a decade. Every year since the list's inception, BLB&G has been at or near the top of the rankings -- often with the highest total recoveries, the highest settlement average, or both.
BLB&G founding partner Max Berger on the "SCAS 50" recognition:
"We are very pleased to be atop the SCAS list again. It is particularly gratifying because the results reflect the rigorous investigation, analysis and commitment we dedicate to our cases and clients. Of course, we recognize that these achievements cannot be possible without the commitment of our clients, who are intricately involved in every step of the litigation process, and who demonstrate real leadership in stepping forward to prosecute these cases and hold corporate management accountable to its shareholders."
More Top Recoveries than Any Other Firm
SCAS also publishes the "SCAS Top 100 Settlements" which lists the 100 largest securities class action recoveries on record. BLB&G has prosecuted more than a third of all the recoveries on the list (34 -- far more than any other firm). The firm also has obtained 5 of the top 10 securities fraud recoveries in history -- WorldCom ($6.19 billion), Cendant ($3.3 billion), Bank of America ($2.425 billion), Nortel ($1.07 billion) and McKesson ($1.05 billion) -- more multi-billion dollar recoveries for investors than any other firm. BLB&G has also recovered 41% of all the money represented in the report (over $23 billion -- billions more than the nearest competitor).
Other Recent Recognitions
BLB&G is regularly recognized for its legal excellence and achievements and in the last several months, the firm has received several significant accolades from multiple industry observers:
- In its inaugural series profiling plaintiffs' firms that "strike fear in the hearts of counsel across the aisle," Law360 named BLB&G one of the "Most Feared Plaintiffs' Firms" in the nation.
- Law360 also selected the firm as one of the top six securities practices in the U.S., the only plaintiff firm selected and one of only six chosen among all plaintiff and defense securities litigation groups in the country.
- BLB&G was also selected as the top plaintiff firm in the country by Benchmark Litigation with its inaugural "Plaintiff Firm of Year" award at their annual ceremony in New York.
- Most recently, The National Law Journal selected BLB&G to its 2014 "Midsize Hot List," a select group of law firms recognized nationwide for "succeeding at a time when many of their bigger competitors are struggling amid high headcounts and overhead."
Widely respected legal ranking directories Chambers USA and Legal 500 US have awarded the firm their top ranking in plaintiff securities litigation every year since the category's inception nearly a decade ago, as has U.S. News-Best Lawyers in its "Best Law Firms" rankings.
Since its founding in 1983, BLB&G has built an international reputation for excellence and integrity. The firm is regularly entrusted by its clients and appointed as lead counsel by the courts in major securities actions. Specializing in securities fraud, corporate governance, shareholders' rights, employment discrimination and civil rights litigation, among other practice areas, BLB&G prosecutes class and private actions on behalf of institutional and individual clients worldwide. Unique among its peers, BLB&G has obtained several of the largest and most significant securities recoveries in history, recovering billions of dollars on behalf of defrauded investors.
More information about the firm can be found online at www.blbglaw.com.
Marketing and Communications Director
Bernstein Litowitz Berger & Grossmann LLP