BLB&G Earns Top Benchmark Ranking
For the eighth consecutive year, BLB&G has once again received Benchmark Litigation’s top ranking of “highly recommended.” The firm is the only plaintiff litigation firm based in New York and one of the only plaintiff firms in the country to be given this recognition. The rankings are published in the 2015 Benchmark Litigation Guide to America's Leading Litigation Firms and Attorneys, which is compiled by the publishers of leading financial news magazines Institutional Investor and Euromoney and identifies the leading U.S. trial attorneys and firms at the local and national levels.
Focused exclusively on the U.S. litigation market, the publication's rankings and editorials are the result of extensive interviews with private practice lawyers and in-house counsel.
Benchmark describes BLB&G as one of a few plaintiff firms that “command the level of recognition and respect from lawyers on both sides of the ‘V’” and as “nearly always the first to be name-checked by competitors and opponents when mentioning securities plaintiffs.” It also recognizes BLB&G’s “continuum of record-setting verdicts and settlements,” including its mega settlement of $2.425 billion with Bank of America in connection with the bank’s acquisition of Merrill Lynch. According to the publication, “‘This was another landmark win for the Bernstein Litowitz team. They seem to have at least one a year,’ surmises a peer.” Also noted was BLB&G’s $730 million settlement in Citigroup, “the second-largest recovery ever in a securities class action brought on behalf of purchasers of debt securities, as well as the second-largest settlement arising out of the subprime meltdown and financial crisis;” and its massive $688 million combined settlements in the coordinated cases against Merck and Schering-Plough, stemming from allegations that the companies inflated their earnings by making false statements about the efficacy of the blockbuster anti-cholesterol drugs Zetia and Vytorin.
“No firm has the equivalent depth and experience that Bernstein Litowitz has,” remarks a client, “and no other firm gets the kind of results that they do.”
According to defense counsel, BLB&G brings “serious cases that are pursued with conviction by people who know what they’re talking about. They don’t bring the weak ‘junk’ that other plaintiffs try to sleepwalk their way through just to shake down deep-pocketed corporations. This is what earns them the respect from us [defense lawyers] and judges. Even when they lose, their arguments have merit.”
Individually, firm partners Max Berger, Salvatore Graziano, Mark Lebovitch, Gerald Silk, and David Stickney were recognized as "Litigation Stars" in New York and California. Hannah Ross was recognized as a “Future Star.”
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