BLB&G Widens its Margin as Leader on SCAS’s Top 100 Settlement List with Bank of America Mega-Settlement

August, 2013

According to ISS’s Securities Class Action Services (“SCAS”) recent release of the “Top 100 Settlements Semi-Annual Report,” BLB&G remains alone at the top in obtaining the highest number of top recoveries.

The report’s inclusion of the $2.425 billion mega-settlement obtained by BLB&G in In re Bank of America Securities litigation, has widened the margin between BLB&G and its competitors. Having recovered well over a third of all the money represented in the report (nearly $21.5 billion – billions more than the nearest competitor), and having prosecuted nearly a third of all the recoveries on the list (32 – far more than any other firm), BLB&G remains the clear leader in the field. 

The Top 100 Settlements Semi-Annual Report identifies the largest securities class action settlements filed after the passage of the Private Securities Litigation Reform Act of 1995 that have obtained final approval, and provides detailed information on the law firms prosecuting those cases.