ISS/SCAS Releases Top Securities Settlements Report: Institutional Investors Lead the Way; Bernstein Litowitz Responsible For More Top Recoveries Than Any Other Firm
February 12, 2018
For over a decade, ISS/Securities Class Action Services ("ISS/SCAS") has published its "Top 100 U.S. Settlements of All Time" report, a periodic compilation of the 100 largest securities recoveries in history. According to the report, over 90% of the top cases 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.
We are honored and privileged to represent our clients and the institutional investor community in so many of these high-profile matters. Since our founding, we have been grateful for the faith our clients have placed in us to serve them and the classes we represent, and this success could only have been achieved with their support and trust.
Click here to view the Top 100 Settlements Report.
"The Top 100 U.S. Settlements of All Time" - SCAS, February 2018"
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.