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Significant Recoveries
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In re WorldCom, Inc. Securities Litigation
Settled for over $6.19 billion after three years of litigation and four weeks of trial; recovered over 65% of bond damages.
$6.19 billion
In re Cendant Corporation Securities Litigation
Settled for more than $3.3 billion in cash (approximately 40% of damages).
$3.3 billion
In re Bank of America Securities Litigation (Merrill Lynch Merger)
By far the largest recovery for investors in a litigation arising from the financial crisis.
$2.425 billion
In re Nortel Networks Corporation Securities Litigation
Settled for over $1.07 billion in cash and stock.
$1.07 billion
In re Merck & Co., Inc. Securities Litigation
Settled for over $1.06 billion after 12 years of litigation and a successful appeal at the United States Supreme Court; largest securities recovery ever achieved against a pharmaceutical company.
$1.06 billion
In re McKesson HBOC, Inc. Securities Litigation
Settlements totaling over $1.05 billion after seven years of litigation; largest securities recovery in Ninth Circuit history.
$1.05 billion
In re HealthSouth Bondholder Litigation
$230 million for bondholders (part of $804 million total for investors) in litigation arising from longest running financial fraud in U.S. history.
$804.5 million
Washington Public Power Supply System Litigation
Settled for $750 million (50% of damages) after seven years of litigation and three months of trial.
$750 million
In re Lehman Brothers Equity/Debt Securities Litigation
$735 million recovery for investors in Lehman Brothers.
$735 million
In re Citigroup, Inc. Bond Litigation
$730 million recovery for Citigroup bondholders.
$730 million
Schering-Plough Corporation/ Merck & Co., Inc. (Vytorin/Zetia Securities Litigation)
Combined $688 million settlement in coordinated litigation against Merck and Schering-Plough
$688 million
In re Wachovia Corp. Securities Litigation
$627 million recovery - second largest recovery for investors in a litigation arising from the financial crisis.
$627 million
In re Lucent Technologies, Inc. Securities Litigation
Resolved for more than $600 million in cash, stock and warrants.
$610 million
Bear Stearns Mortgage Pass-Through Litigation
$500 million recovery for investors in litigation arising from the financial crisis.
$500 million
Gary Hefler et al. v. Wells Fargo & Company et al.
$480 million recovery for investors.
$480 million
Ohio Public Employees Retirement System, et al. v. Freddie Mac, et al.
Settled for $410 million.
$410 million
In re Refco, Inc. Securities Litigation
Multiple settlements with defendants which total more than $407 million.
$407 million
In re Cobalt International Energy, Inc. Securities Litigation
Record recovery was the largest securities class action of 2019.
$335.3 million
Merrill Lynch Mortgage Pass-Through Litigation
$315 million recovery – the first ever obtained for purchasers of mortgage-back securities.
$315 million
In re Williams Securities Litigation
Settled for $311 million on eve of trial.
$311 million
New York State Teachers' Retirement System v. General Motors Company
Third largest securities class action recovery within the Sixth Circuit.
$300 million
In re DaimlerChrysler, Inc. Securities Litigation
Settled on eve of trial for $300 million.
$300 million
In re Bristol-Myers Squibb Securities Litigation
Settled for $300 million.
$300 million
In re El Paso Corporation Securities Litigation
Settled for $285 million.
$285 million
In re JPMorgan Mortgage Pass-Through Litigation
Settled for $280 million.
$280 million
In re 3Com Corporation Securities Litigation
Settled for $259 million (50% of class’ recognized losses).
$259 million
In re Allergan, Inc. Proxy Violation Securities Litigation
Settled for $250 million.
$250 million
In re Signet Jewelers Limited Securities Litigation
Precedent-setting case that marks the first successful resolution of a securities fraud class action based on allegations of sexual harassment.
$240 million
In re MF Global Holdings Limited Securities Litigation
Settled for $234 million.
$234 million
In re Genworth Financial Inc. Securities Litigation
$219 million recovery for investors.
$219 million
BFA Liquidation Trust v. Arthur Andersen
Settled, after six days of trial, for $217 million (70% recovery of damages for investors and retirees).
$217 million
In re Washington Mutual, Inc., Securities Litigation
$215.3 million recovery for WaMu shareholders.
$215.3 million
In re Salix Pharmaceuticals, Ltd. Securities Litigation
Settled for $210 million.
$210 million
In re Wilmington Trust Securities Litigation
Settled for $210 million.
$210 million
In re The Mills Corporation Securities Litigation
Settled fSettled for $202.75 million - at the time, the largest securities class action recovery ever achieved in Virginia; second largest in Fourth Circuit
$202.75 million
(Wellcare) Eastwood Enterprises LLC, et al. v. Todd S. Farha, et al.
$200 million settlement - largest federal securities settlement in Florida history
$200 million
In re SCANA Corporation Securities Litigation
Creative settlement included for $160 million in cash and $32.5 million in stock.
$192.5 million
In re Bank of New York Mellon Corp. Forex Transactions Litigation
$180 million settlement for investors.
$180 million
Our Firm
Diversity, Equity & Inclusion Commitment
Significant Recoveries
Leadership in Corporate Governance Reform
Praise From the Courts
Praise From the Market
Proven Trial Experience
A Tradition of Public Service
Events
BLB&G Celebrates Women’s International Legal Efforts at NCYBA’s 5th Annual International Law Conference on the Status of Women
March 15, 2024
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Events
BLB&G’s Hannah Ross and Catherine van Kampen to Speak at NYCBA’s 5th Annual International Law Conference on the Status of Women
March 7, 2024
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Awards
BLB&G Partner Rebecca Boon to Receive Lifetime Achievement Award at NYCBA’s 5th Annual International Law Conference on the Status of Women
March 4, 2024
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Events
BLB&G Partner Greg Varallo to Serve as Panelist at Tulane’s 36th Annual Corporate Law Institute
February 29, 2024
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News
BLB&G Profiled as a
Law360
“Securities Group of the Year”
February 27, 2024
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Publications
“Save your messages: SEC's focus on document retention continues into 2024” by Jonathan D. Uslaner and Mathews R. de Carvalho Published in
Reuters
February 21, 2024
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Events
BLB&G Associate McGillivray to Guest Lecture at Villanova University Charles Widger School of Law
February 20, 2024
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Awards
BLB&G Partner Jeroen van Kwawegen Joins 2024
Lawdragon
Legends List
February 13, 2024
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Awards
BLB&G Again Tops ISS SCAS “Top 100 Securities Class Action Settlements of All-Time” List
February 13, 2024
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