October 30, 2013
BLB&G has again been named to The National Law Journal’s ("NLJ") 2013 “Plaintiffs' Hot List,” marking a full decade during which the firm has been recognized for its "exemplary, cutting-edge work" in plaintiff law every single year.
As one of only three firms in the nation named to the "Hot List" in the past ten years, this year’s edition praised BLB&G for its high-profile work in litigation arising from the global credit crisis, noting that the firm successfully prosecuted and recovered well over $5 billion for investors in recent years.
In its profile of BLB&G, the NLJ highlights the firm’s $2.43 billion recovery in In re Bank of America Securities Litigation, the largest recovery arising from the financial crisis. It also cites the class action brought against Citigroup Inc. for concealing exposure to toxic mortgage assets, which resulted in a $730 million settlement for bondholders. In addition, BLB&G was recognized for its ground-breaking prosecution of In re News Corp. Shareholder Derivative Litigation, which resulted in a variety of corporate governance and oversight enhancements, and an unprecedented settlement in which News Corp. will recoup $139 million for the company coffers.