According to data compiled by ISS's Securities Class Action Services ("SCAS"), BLB&G has once again topped its annual “SCAS 50” rankings, obtaining nearly $1.4 billion in recoveries in 2011 – more than any other firm in the nation. In the SCAS 50 for 2011, BLB&G achieved the highest total recoveries among all securities class action firms, as well as the highest settlement average – nearly $106 million – of any firm.
The "SCAS 50," an annual report of the top firms prosecuting securities litigation in the United States, has tracked and compiled these data and rankings for a decade and BLB&G has been at or near the top of the rankings every year since its inception in 2003 – often with the highest total recoveries, the highest settlement average, or both.
BLB&G founding partner Max Berger commented on the 2011 SCAS 50 list:
"Though metrics like this do not cover every important aspect of the work firms like ours do, it is a useful way for industry observers to get a sense of who is consistently prosecuting the most significant litigations. We are pleased to be atop the SCAS list for 2011. In the past, SCAS has also singled out our firm for having the highest overall composite ranking in the field. We are very proud to be among the leaders in our field – and to be recognized as such by SCAS."