SOURCE: Bernstein Litowitz Berger & Grossmann LLP

Bernstein Litowitz Berger & Grossmann LLP

September 17, 2009 16:01 ET

Bernstein Litowitz Berger & Grossmann LLP Only Firm in the Nation Consistently Awarded Top Rankings in Securities Class Action Litigation by Both Chambers and Legal 500 Announces the Firm

NEW YORK, NY--(Marketwire - September 17, 2009) - Once again, the law firm of Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") was given top rankings in the field of plaintiff securities litigation by both Chambers and Partners' USA Guide to America's Leading Lawyers for Business ("Chambers") and the Legal 500 USA Guide ("Legal 500"). BLB&G has been consistently recognized as a leading firm in the field since the inception of these rankings and is the only firm in the nation to hold this honor.

This is the fourth year in a row Chambers praises BLB&G as one of "a select number of firms who do high-profile work in the area," focusing on prominent securities and shareholder class actions and derivative claims regarding corporate governance, shareholder rights, executive compensation, breaches of fiduciary duty and subprime-related litigation.

Individually, Chambers lauds senior partners Max Berger and Sean Coffey as "leaders in the field," citing Mr. Berger's successful representation of pension funds in many of the largest securities fraud recoveries in history, and Mr. Coffey's record as a "formidable advocate with plenty of common sense."

Similarly, for the third year in a row, Legal 500 highlights BLB&G's excellence in securities fraud litigation, citing the firm's groundbreaking achievements on behalf of shareholders, and its lead role in actions stemming from the subprime collapse. According to Legal 500, the firm has left a lasting impression on clients with Mr. Berger providing "wise counsel to colleagues and clients," and Mr. Coffey being referred to as a "heavyweight litigator." Partners Chad Johnson and Steven Singer are also cited for their important ongoing prosecution of subprime related securities class actions against Washington Mutual, Citigroup, American Home and MBIA, Inc., among others. Additionally, partners Gerald Silk, Salvatore Graziano, Blair Nicholas and David Stickney were recognized in the 2009 Benchmark: Litigation Guide (published by Euromoney/Institutional Investor) as attorneys consistently recommended by peer partners, competitors and clients, and likely to become the top litigators in their field.

Earlier this year, BLB&G was also recognized as the "Class Action Law Firm of the Year" for 2009 by Global Pensions for "excellence in service" to the pensions industry. The firm has received this honor for the last three consecutive years.

Further, BLB&G outperformed all other securities class action firms in the country by obtaining the highest total recoveries for its clients in 2008, as reported by Securities Class Action Services (SCAS), a subsidiary of RiskMetrics Group, which tracks securities class action settlements and ranks the law firms prosecuting those cases in the United States. According to SCAS, "BLB&G has been in the top five each year we have compiled the rankings and they are the only firm [in the nation] to achieve that distinction."

Since its founding in 1983, BLB&G has obtained over $20 billion in recoveries for investors and achieved precedent-setting corporate governance reforms on behalf of its institutional investor clients. Over the last several years, the firm has received substantial media recognition from the many high profile cases it has resolved and is currently prosecuting. In addition to obtaining unprecedented monetary recoveries, the firm has litigated numerous seminal cases establishing precedents which have increased market transparency, held wrongdoers accountable, and changed corporate business practices in groundbreaking ways.

To read more about our experience in representing investors in securities class action litigation and subprime related litigation, please visit www.blbglaw.com.

Contact Information

  • Contact:
    Bernstein Litowitz Berger & Grossmann LLP
    New York, N.Y.
    Alexander Coxe
    Marketing Director
    (212) 554-1423
    alex@blbglaw.com