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.

Contact:
Alexander Coxe
Marketing and Communications Director
Bernstein Litowitz Berger & Grossmann LLP
212-554-1423
[email protected]

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 more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
CI/CD is conceptually straightforward, yet often technically intricate to implement since it requires time and opportunities to develop intimate understanding on not only DevOps processes and operations, but likely product integrations with multiple platforms. This session intends to bridge the gap by offering an intense learning experience while witnessing the processes and operations to build from zero to a simple, yet functional CI/CD pipeline integrated with Jenkins, Github, Docker and Azure...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.