NEW YORK, Feb. 14, 2018 /PRNewswire/ -- Today, Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") announces the details of the"Top 100 U.S. Settlements of All Time" report published by ISS/Securities Class Action Services ("ISS/SCAS").
For over a decade, ISS/SCAS has published this report, a periodic compilation of the 100 largest securities recoveries in history. According to the report, over 90% of the top cases of all-time have been led by institutional investors. The institutional investor community should be applauded for its dedication and commitment to prosecuting meritorious securities cases and securing billions of dollars of recoveries for investors while holding wrongdoers accountable.
The ISS/SCAS report also recognizes BLB&G's exceptional track record as the law firm responsible for the most top recoveries and the most monies recovered for defrauded shareholders since 1995.
As detailed in the report, BLB&G has served as lead or co-lead counsel in 33 of the top 100 U.S. securities fraud settlements, recovering nearly $25 billion for investors in those cases.
BLB&G is honored and privileged to represent its clients and the institutional investor community in so many of these high-profile matters. Since the firm's founding, BLB&G has been grateful for the faith its clients have placed in the firm to serve them and the classes it represents, and this success could only have been achieved with their support and trust.
The Top 100 Settlements Report is available at https://www.issgovernance.com/library/the-top-100-u-s-settlements-of-all-time-as-of-december-2017/
Private Recoveries Outpace SEC Recoveries for Investors by 5-1
The ISS/SCAS report also outlines several other metrics worth noting. Since the passage of the PSLRA, the top 50 SEC recoveries total less than $10 billion, whereas the top 50 private securities actions have recouped over $50 billion dollars for investors – more than five times the result obtained by the SEC. The data demonstrates that the institutional investor community is critical to enforcing our nation's securities laws and preserving the integrity of our capital markets.
Since its founding in 1983, BLB&G has obtained over $31 billion in recoveries for investors and achieved precedent-setting corporate governance reforms on behalf of its institutional investor clients. Regularly entrusted by its clients and appointed as lead counsel by the courts in major securities class actions, the firm is routinely recognized by industry observers for its legal excellence and achievements ("consistently achieving the highest returns for investors" - The National Law Journal; "the best advice in the field" - Chambers USA; "Battle proven…" – The Wall Street Journal; "one of the best bar none...impressive achievements and excellent reputation… the plaintiff securities shop everyone else aspires to be like…" - Benchmark Litigation; "One of the most powerful securities class action firms in the U.S... the biggest star in the firmament of securities litigation" - Financial Times).
SOURCE Bernstein Litowitz Berger & Grossmann LLP