Sean Coffey Quoted in Numerous Publications Regarding $2.4 Billion Nortel Settlement
February 8, 2006
The $2.4 billion settlement in the Nortel securities class action, in which BLB&G was lead counsel, has received widespread coverage from several major media outlets such as USA Today, Bloomberg Markets and The New York Times. Nortel was charged with making false and misleading statements with respect to their financial results during 2003 through 2004. This is the fifth largest class action settlement in history.
Former partner Sean Coffey, commenting in Bloomberg Markets, said the settlement "is a result of our careful and in depth scrutiny of Nortel's proprietary financial information, which was analyzed by our investment banking team." The New York Times additionally quoted Mr. Coffey as saying, "The lead plaintiff team came away impressed with the new management's vision and integrity. It's our view that the company is very interested in good corporate governance."
The Nortel Settlement is now one of the ten largest settlements in history, six of which were recoveries where Bernstein Litowitz Berger and Grossmann served as Lead Counsel in the case.
View Significant Recoveries.
Also of Interest
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
BLB&G Tops SCAS List With More Top Recoveries Than Any Other Firm in the Country
Law360 Highlights BLB&G’s Top Ranking in Review of ISS/SCAS All-Time Top Settlements Report
June 14, 2017
Historic Settlement Establishes Landmark Fox News Workplace Professionalism and Inclusion Council to Remedy Workplace Harassment Issues
November 20, 2017
Volkswagen Investor Settlement Foundation Established for Investors in Volkswagen Securities Trading Outside the US
February 10, 2016
Benchmark Again Names Hannah Ross One of the Top Women Litigators in U.S.
June 30, 2016
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 Ranked a Top Tier Firm by Chambers for Eleventh Consecutive Year
Law360 Once Again Names BLB&G Among the Nation’s “Most Feared Plaintiffs’ Firms”
September 28, 2015