The National Law Journal Names BLB&G to its Annual “Plaintiffs’ Hot List” for the Seventh Year in a Row
October 4, 2010
The “Plaintiffs' Hot List” is an annual survey of the top plaintiff firms published by The National Law Journal ("NLJ"). For the seventh year in a row, the NLJ has named BLB&G to its “Hot List” as one of the leading firms in the country practicing predominantly plaintiff law, doing "exemplary, cutting-edge work," and representing “the plaintiffs’ bar at its best.” BLB&G is one of only three firms in the nation selected for the past seven consecutive years.
In its profile of the firm, NLJ gives mention to 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.” It also cites three groundbreaking cases prosecuted and settled by the firm in 2010, includingIn re HealthSouth Bondholder Litigation, stemming from the massive accounting fraud at HealthSouth, in which the firm recovered more than $230 million for the class. BLB&G was also recognized for achieving a $125 million settlement in In re New Century Securities Litigation, as well as $173 million in the stock options backdating action In re Maxim Integrated Products Inc. Securities Litigation, which is the largest backdating settlement reached in the Ninth Circuit, and the third-largest backdating settlement in history.