For the twelfth consecutive year, Chambers and Partners has again named BLB&G as one of the top plaintiff securities litigation firms in the nation in its 2017 USA Guide to America's Leading Lawyers for Business. Chambers ranks BLB&G a “Band 1” firm in its Nationwide, New York and California categories for the practice area "Litigation: Securities Mainly Plaintiff,” a position it has held every year since the publisher first created the category to recognize a select number of firms who do this high-profile work.
Chambers acknowledges BLB&G as a “market-leading firm” with “considerable strength in securities fraud litigation and shareholder rights work.” Touting a “dominant track record in achieving high-value awards for clients,” BLB&G is praised by market sources as a “top-notch firm” and by fellow practitioners as “the standard bearer in the securities plaintiff practice.” According to Chambers, peers praise BLB&G as “the best” and “a respected and formidable competitor. We have great regard for their lawyering and their accomplishments, which speak for themselves.”
Chambers’ BLB&G profile highlights several of the firm’s recent achievements, including the $1.06 billion settlement in Merck, the $219 million settlement in Genworth, the $180 million settlement in Bank of New York Mellon, and the $150 million settlement in the class action against JPMorgan Chase arising from the “London Whale” affair. The profile also highlights BLB&G’s achievement in obtaining $127 million more for investors in the successful “petition for appraisal in connection with the merger of Safeway and Albertson’s to determine fair value of Safeway shares.”
Individually, Chambers recognized partner Max Berger as a “Star Individual” nationally and in the state of New York. Partners Salvatore Graziano, Gerald Silk, and Mark Lebovitch were also named among an elite group of notable practitioners in the field. Acknowledging that Mr. Berger is “revered by peers for his outstanding track record in bringing high-level securities actions against defendants,” Chambers cites sources that praise Mr. Berger as “terrific” and as “the dean of the securities class action bar.” According to one source, “I don’t use that word lightly, but [Mr. Berger] is a legend of the plaintiffs’ bar. He is one of the pioneers.”
Chambers also notes that Mr. Graziano “continues to win recognition from the market as a leading plaintiffs’ attorney” and is held in “high regard for his experience in litigating large-scale class actions.” The profile also recognizes Mr. Lebovitch as “well respected for his handling of corporate governance litigation,” while Mr. Silk is recommended “for his ‘excellent’ securities litigation practice.”
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