March 14, 2016
For the twelfth time, The National Law Journal (“NLJ”) has once again named BLB&G to its 2016 “Plaintiffs Hot List”,” an annual listing of the top plaintiff’s law firms in the country. BLB&G is one of only three firms nationally to be so recognized.
In its profile, NLJ highlights BLB&G’s “atypical” year, during which the firm recovered $1.06 billion for investors in an action against Merck & Co. related to a pain reliever it pulled from the market; $300 million from General Motors in an action regarding ignition switch defects; and $150 million from JPMorgan Chase & Co. in an action related to the “London Whale” trading activities.
NLJ also featured BLB&G’s over $200 million recovery from the now defunct brokerage firm – MF Global Inc. According to partner Salvatore Graziano, MF Global was particularly challenging given that even though the company was a “poster child for disclosures that can be misleadingly incomplete,” the company did have “very good arguments,” which his team had to overcome. In addition, the case “also ran parallel to disputes in bankruptcy and other courts, so Bernstein Litowitz had to negotiate with the class for the investment firm's former customers and with its bankruptcy trustees.”
Praising Mr. Graziano for his role in prosecuting the case, co-counsel Dominic Auld remarked that Mr. Graziano was “one of the top securities litigation attorneys in the country.”