BLB&G’s Record Subprime Recoveries the Subject of Feature Coverage by The AmLaw Litigation Daily
March 19, 2013
In its feature article, “Deal Puts Bernstein Litowitz over $5 Billion Mark in Subprime-Era Settlements,” The AmLaw Litigation Daily profiles several of BLB&G’s recent recoveries, crediting the firm for obtaining “a whopping $5 billion in recoveries related to the subprime mess.”
According to the article, the nearly $5.5 billion in combined recoveries from 19 crisis-era settlements is “a good measure beyond any other securities class action plaintiffs firm,” and over three times its nearest competitor. With its recent $730 million bondholder settlement with Citigroup, BLB&G has the top three subprime recoveries ever achieved - having already obtained two other mega-settlements - including the $2.43 billion shareholder settlement in Bank of America and the $627 million settlement in Wachovia.
In the past five months alone, BLB&G has recovered nearly $4 billion of its total recoveries on behalf of investors. In addition to the Citigroup settlement, BLB&G has also recently obtained $688 million in two actions: In re Schering-Plough Corporation/ENHANCE Securities Litigation, ($473 million); and In re Merck & Co., Inc. Vytorin/Zetia Securities Litigation ($215 million). These settlements are subject to Court approval.
Also of Interest
Daily Journal Names David Stickney Among “Top Plaintiff Lawyers” in California
June 15, 2016
SCAS Again Ranks Bernstein Litowitz Among Top Securities Litigation Firms in the Nation With Over $2 Billion Recovered and Highest Average Recovery
April 20, 2017
BLB&G Again Tops SCAS All-Time List With More Top Recoveries Than Any Other Firm
Benchmark Again Names Hannah Ross One of the Top Women Litigators in U.S.
June 30, 2016
ISS/SCAS and BLB&G Webinar: Protecting Securities Fraud Recoveries from Expiring Under the Statute of Repose
December 5, 2017
BLB&G Maintains Top Status on SCAS List With More Top Recoveries Than Any Other Firm
BLB&G Leads SCAS All-Time List Scoring More Top Recoveries Than Any Other Firm
Law360 Highlights BLB&G’s Top Ranking in Review of ISS/SCAS All-Time Top Settlements Report
June 14, 2017
Hannah Ross Named a Titan of the Plaintiffs Bar by Law360
May 7, 2019
The National Law Journal Profiles BLB&G – Winner of Financial Litigation Elite Trial Lawyers Award
December 19, 2016