BLB&G Ranks First Among Top 50 Plaintiffs Law Firms With Highest Average Settlement For Active Firms
January 1, 2004In 2003, BLB&G recovered nearly $1 billion for investors, the second largest total of any plaintiff firm in the nation.
According to a study of the top 50 plaintiff law firms in 2003 by Securities Class Action Services (SCAS), a subsidiary of Institutional Shareholder Services (ISS), BLB&G recovered over $950 million in settlements for defrauded investors. Ranking second in total recoveries in 2003, BLB&G ranked # 1 with the highest average settlement (over $105 million) among firms with at least 5 settlements.
According to Bruce Carton, Executive Director of SCAS: “The average settlement amount is an important measure because it is an indicator of which law firms are consistently bringing and settling high-impact cases.”
The "SCAS 50" lists the top plaintiffs' law firms ranked by the total dollar amount of final securities class action settlements occurring in 2003 in which the law firm served as lead or co-lead counsel.