NEW YORK, NY--(Marketwire - November 17, 2010) - The law firm of Bernstein Litowitz Berger and Grossmann LLP ("BLB&G") has again been recognized as one of the nation's most highly regarded litigation boutiques by both Benchmark: Litigation - The Definitive Guide to America's Leading Litigation Firms & Attorneys ("Benchmark") and The National Law Journal ("NLJ").
"Highly-Recommended" Litigation Firm
For the fourth year in a row, Benchmark -- compiled by publishers of leading financial news magazines Institutional Investor and Euromoney -- has recognized BLB&G as one of a select group of firms and attorneys "most capable of handling complex cases." Honored as a "highly recommended" firm, BLB&G is credited for its "impressive achievements and excellent reputation." Particularly noteworthy is the fact that, of the 50 New York firms honored, BLB&G is the only firm selected which exclusively represents its clients as plaintiffs on a contingency fee basis. Prosecution of claims on contingency allows BLB&G to avoid conflicts of interest by perfectly aligning the firm's interests with those of its clients, as the firm is compensated only for the results achieved, not the hours billed.
Firm partners Max Berger, Salvatore Graziano, Chad Johnson, Blair Nicholas, Gerald Silk and David Stickney were singled out for praise by their clients and peers for their work in the field.
Obtaining the Highest Recoveries for Investors
BLB&G was also selected for the seventh consecutive year to the NLJ's "Plaintiffs' Hot List." One of only three firms so honored, BLB&G is recognized for performing "cutting edge work" and representing "the plaintiffs' bar at its best." NLJ highlights BLB&G's involvement in the "most significant securities class actions, having recovered more than $13 billion for its clients during the past seven years, and obtaining nearly 40% of the top 50 securities class action settlements in history" -- more than any other firm in the field.
Continued Professional Recognition for the Firm
NLJ and Benchmark represent only the most recent accolades for BLB&G. As further testament to the firm's accomplishments and reputation, earlier this year BLB&G again received top rankings in securities class action litigation by both Chambers and Partners' Guide to America's Leading Lawyers for Business and the Legal 500 United States, a guide to the best law firms in the country. BLB&G has been featured as a leading firm in the securities litigation field on both of these annual rankings since their inception.
Prosecuting High-Profile, Precedent-Setting Litigations on Behalf of Investors
The firm represents institutional investors in many of the largest and most important litigations to emerge from the financial crisis, including actions arising from the Bank of America/Merrill Lynch merger, the demise of Lehman Brothers, the mortgage scandals at Countrywide and Washington Mutual, and the losses sustained by the bondholders of Citigroup and Merrill Lynch. In addition, among other prominent and high-profile matters, the firm is sole lead counsel on behalf of Toyota shareholders damaged by the Company's failure to disclose safety problems with its automobiles.
BLB&G's prosecution of securities fraud claims against Merck & Co., Inc., for misstatements concerning the painkiller VIOXX, recently led to a groundbreaking victory for investors in the U.S. Supreme Court. In its unanimous April 27, 2010 decision, the Supreme Court ruled in favor of investors, clarifying the standard governing the statute of limitations in securities fraud suits.
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 for defrauded investors worldwide. Obtaining innovative corporate governance reforms on behalf of its clients, the firm's advocacy has brought about real change in corporate boardrooms and executive suites.
To read more about the firm's experience and remarkable litigation track record, visit www.blbglaw.com.
Contact Information:
Contact:
Alexander Coxe
Bernstein Litowitz Berger & Grossmann LLP
(212) 554-1423
alex@blbglaw.com