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 over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.