ROCKVILLE, Md. (March 7, 2022) –Robbins Geller Rudman & Dowd ranked first
among plaintiffs’ firms with nearly $1.9 billion in total settlement funds recovered in North America during 2021, according to a report released today by Securities Class Action Services LLC (SCAS), a subsidiary of Institutional Shareholder Services.
The annual report, the SCAS Top 50, shows just one plaintiffs’ firm surpassing the $1 billion threshold, while six other law firms surpassed the $100 million mark. Robbins Geller’s top ranking includes $1.21 billion obtained from the Valeant Pharmaceuticals International, Inc. case, which ISS SCAS found to be the largest 2021 settlement in a report issued in January. Bernstein Litowitz Berger & Grossmann came in second place with more than $590 million in total settlement funds recovered. Notably, Robbins Geller and Bernstein Litowitz have both finished in the top three of the SCAS Top 50 report for nine straight years.
The report, issued each year, lists the top 50 plaintiffs’ law firms ranked by the dollar value of final North American class action settlements in which the law firm served as lead or co-lead counsel over the preceding year and also ranks the top 10 law firms based upon the number of settlements for which they provided representation. Leading this latter category is Robbins Geller with 21 settled cases followed by The Rosen Law Firm with 20 settled cases.
The SCAS Top 50 ranking is based upon North American settlement data from SCAS’ proprietary database, RecoverMax. The report is specific to North American securities class action cases only and does not include data on ERISA, derivative lawsuits, or antitrust litigation. Further, the SCAS Top 50 reflects only those final settlements that resulted in the creation of a cash settlement fund on behalf of shareholders, and it credits law firms that served as lead or co-lead counsel in a case with the entire settlement fund regardless of how many other firms served as lead or co-lead counsel in the case.
To learn more about the report and for further information on ISS’ Securities Class
Action Services division, please visit us at: http://www.issgovernance.com/scas.
Editors: Please note that any citation of information, rankings, and statistics contained within the SCAS Top 50 report should be attributed, in full, to “ISS Securities Class Action Services.”
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Analyst – Communications