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
Any startup has to have a clear go –to-market strategy from the beginning. Similarly, any data science project has to have a go to production strategy from its first days, so it could go beyond proof-of-concept. Machine learning and artificial intelligence in production would result in hundreds of training pipelines and machine learning models that are continuously revised by teams of data scientists and seamlessly connected with web applications for tenants and users.
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
With Cloud Foundry you can easily deploy and use apps utilizing websocket technology, but not everybody realizes that scaling them out is not that trivial. In his session at 21st Cloud Expo, Roman Swoszowski, CTO and VP, Cloud Foundry Services, at Grape Up, will show you an example of how to deal with this issue. He will demonstrate a cloud-native Spring Boot app running in Cloud Foundry and communicating with clients over websocket protocol that can be easily scaled horizontally and coordinate...
IT organizations are moving to the cloud in hopes to approve efficiency, increase agility and save money. Migrating workloads might seem like a simple task, but what many businesses don’t realize is that application migration criteria differs across organizations, making it difficult for architects to arrive at an accurate TCO number. In his session at 21st Cloud Expo, Joe Kinsella, CTO of CloudHealth Technologies, will offer a systematic approach to understanding the TCO of a cloud application...
"With Digital Experience Monitoring what used to be a simple visit to a web page has exploded into app on phones, data from social media feeds, competitive benchmarking - these are all components that are only available because of some type of digital asset," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Secure Channels, a cybersecurity firm, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Secure Channels, Inc. offers several products and solutions to its many clients, helping them protect critical data from being compromised and access to computer networks from the unauthorized. The company develops comprehensive data encryption security strategie...
In his session at 20th Cloud Expo, Chris Carter, CEO of Approyo, discussed the basic set up and solution for an SAP solution in the cloud and what it means to the viability of your company. Chris Carter is CEO of Approyo. He works with business around the globe, to assist them in their journey to the usage of Big Data in the forms of Hadoop (Cloudera and Hortonwork's) and SAP HANA. At Approyo, we support firms who are looking for knowledge to grow through current business process, where even 1%...
In his session at @ThingsExpo, Sudarshan Krishnamurthi, a Senior Manager, Business Strategy, at Cisco Systems, discussed how IT and operational technology (OT) work together, as opposed to being in separate siloes as once was traditional. Attendees learned how to fully leverage the power of IoT in their organization by bringing the two sides together and bridging the communication gap. He also looked at what good leadership must entail in order to accomplish this, and how IT managers can be the ...
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost ...
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, d...
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st 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 w...
The goal of Continuous Testing is to shift testing left to find defects earlier and release software faster. This can be achieved by integrating a set of open source functional and performance testing tools in the early stages of your software delivery lifecycle. There is one process that binds all application delivery stages together into one well-orchestrated machine: Continuous Testing. Continuous Testing is the conveyer belt between the Software Factory and production stages. Artifacts are m...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...