WorldCom

BLB&G obtains over $6 billion in settlements from Citigroup, 17 investment banks, WorldCom's auditor Arthur Andersen and WorldCom's outside directors -- an unprecedented result. After three years of litigation and four weeks of trial, it is the largest securities recovery in history at the time. In addition, rulings in the case reinforce significant law ensuring Wall Street properly performs due diligence obligations to investors.