SOURCE: Bernstein Litowitz Berger & Grossmann LLP

Bernstein Litowitz Berger & Grossmann LLP

March 24, 2011 11:26 ET

Bernstein Litowitz Berger & Grossmann LLP Earns Top Ranking in SCAS Report on Securities Litigation Firms

NEW YORK, NY--(Marketwire - March 24, 2011) - The law firm of Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") obtained nearly $1 billion dollars in recoveries for investors in 2010, more than any other securities litigation firm in the nation, according to data compiled by ISS's Securities Class Action Services ("SCAS"), a subsidiary of MSCI, Inc. 

Consistently Leading the Field

Independent research and analytics firm SCAS publishes an annual report of the top firms prosecuting securities litigation in the United States -- the "SCAS 50." BLB&G has been at or near the top of the rankings every year since the inception of the SCAS 50 in 2003 -- often with the highest total recoveries, the highest settlement average, or both. In addition, SCAS data indicates that BLB&G has obtained 28 of the top 100 securities recoveries in history -- more than any other firm in the nation.

BLB&G senior founding partner Max Berger commented on the 2010 SCAS 50 list:

"Though metrics like this do not cover every important aspect of the work firms like ours do, it is a useful way for industry observers to get a sense of who is consistently prosecuting the most significant litigations. We are pleased to be atop the SCAS list for 2010. In the past, SCAS has also singled out our firm for having the highest overall composite ranking in the field. We are very proud to be among the leaders in our field -- and to be recognized as such by SCAS."

Continued Professional Recognition for the Firm

This important industry recognition continues to reinforce the firm's longstanding position as one of the leading law firms worldwide advising institutional investors on issues related to securities litigation, corporate governance, and shareholder rights.

In addition to this most recent accomplishment, BLB&G was the only plaintiffs' litigation boutique to earn the ranking of "highly recommended" by peers and industry observers in Benchmark: Litigation - The Definitive Guide to America's Leading Litigation Firms, published by Euromoney/Institutional Investor and is proud to have received acknowledgment of its professional excellence by the following organizations:

  • Chambers Guide to America's Leading Lawyers for Business;
  • The National Law Journal's "Plaintiff's Hot List";
  • Legal 500 USA Litigation guide; and
  • Law360's "Top Plaintiff Securities Litigation Firms."

The firm is also honored to have the privilege of representing many of the largest public and private institutional investors in the world in some of the most high-profile and important securities litigations in the United States. As well as leading the prosecution of many of the most significant cases to emerge from the recent financial crisis, including In re Bank of America Corp. Securities; In re Citigroup, Inc. Bond Litigation; In re Lehman Brothers Equity/Debt Securities Litigation; and Dexia Holdings, Inc. & New York Life Insurance Company, et al. v. Countrywide Financial Corporation, BLB&G is lead counsel in numerous other major securities matters on behalf of investors such as In re Toyota Motor Corp. Securities Litigation; In re Merck & Co., Inc. Securities Litigation (VIOXX); and In re BP Derivative Litigation.

About BLB&G

Since its founding in 1983, BLB&G has prosecuted claims against some of the world's biggest companies, banks and audit firms, and has achieved record-setting recoveries -- over $20 billion -- for defrauded investors worldwide. In addition, the firm has created important new law in the areas in which it litigates. The firm has 55 lawyers with offices in New York, California and Louisiana.

To read more about the firm's experience and litigation track record, we invite you to visit www.blbglaw.com.

Contact Information

  • Contact:
    Alexander Coxe
    Bernstein Litowitz Berger & Grossmann LLP
    (212) 554-1423
    alex@blbglaw.com