Welcome!

News Feed Item

SCAS Again Ranks Bernstein Litowitz Berger & Grossmann as Top Securities Litigation Firm in the Nation; Nearly $4 Billion in Recoveries for Investors in 2013

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."

View the report at http://www.issgovernance.com/library/securities-class-action-services-top-50-2013/

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.

About BLB&G

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Pentaho has announced orchestration capabilities that streamline the entire machine learning workflow and enable teams of data scientists, engineers and analysts to train, tune, test and deploy predictive models. Pentaho’s Data Integration and analytics platform ends the ‘gridlock’ associated with machine learning by enabling smooth team collaboration, maximizing limited data science resources and putting predictive models to work on big data faster – regardless of use case, industry, or languag...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.