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
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
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
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The National Law Journal Profiles BLB&G as Winner of Securities Litigation Elite Trial Lawyers Award
BLB&G Named National Tier 1 Firm for Securities and M&A Litigation by Legal 500
Law360 Names John Browne a 2018 “Class Action MVP”
December 7, 2018
Benchmark Names Three BLB&G Partners to Its "40 & Under Hot List"