ROCKVILLE, Md. (February 28, 2023) – Robbins Geller Rudman & Dowd ranks first among plaintiffs’ firms with $1.75 billion in total securities class action settlement funds recovered during 2022, according to a new report released today by Securities Class Action Services LLC, a subsidiary of Institutional Shareholder Services.
The SCAS Top 50 analysis shows that just Robbins Geller surpassed the $1 billion threshold, while 13 additional law firms surpassed the $100 million mark. Of the total settlement funds recovered by Robbins Geller during 2022, $809.5 million was obtained from the settlement involving Twitter, Inc. which was the largest securities class action settlement during the year. Bernstein Litowitz Berger & Grossmann came in second with $920 million in total settlement funds recovered. Notably, for 10 straight years of this report from ISS SCAS, Bernstein Litowitz has finished in the top two, while Robbins Geller has finished in the top three.
Law firms rounding out the top five rankings in total settlement funds procured during 2022 include Motley Rice, Bleichmar Fonti & Auld, and Kessler Topaz Meltzer & Check:
- Motley Rice was co-lead counsel in the aforementioned Twitter case
- Bleichmar Fonti & Auld was lead counsel in the second largest resolution of 2022, the $420 million Teva Pharmaceuticals settlement
- Kessler Topaz served as lead counsel (or co-lead counsel) in two significantly sized settlements: Luckin Coffee at $175 million and Walgreens at $105 million
The annually published report, which lists the top 50 plaintiffs’ law firms ranked by the dollar value of final North American class action settlements occurring in the prior calendar year and in which the law firm served as lead or co-lead counsel, also ranks the top 10 law firms based on the number of settlements represented for the year. Leading this latter category are two firms: Robbins Geller with 27 settled cases, and The Rosen Law Firm with 19 settled cases.
To download a copy of the report, go to https://www.issgovernance.com/library/the-top-50-of-2022/; 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 report should be attributed, in full, to “ISS Securities Class Action Services.”
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About ISS
Founded in 1985, Institutional Shareholder Services group of companies (ISS) empowers investors and companies to build for long-term and sustainable growth by providing high-quality data, analytics and insight. ISS, which is majority owned by Deutsche Börse Group, along with Genstar Capital and ISS management, is a leading provider of corporate governance and responsible investment solutions, market intelligence, fund services, and events and editorial content for institutional investors and corporations, globally. ISS operates on an arm’s-length basis and Deutsche Börse has adopted Principles protecting the independence and integrity of ISS’ research offerings. ISS’ 3,000 employees operate worldwide across more than 30 global offices in 15 countries. Its more than 4,000 clients include many of the world’s leading institutional investors who rely on ISS’ objective and impartial ESG and governance research, market intelligence and fund services and data and analytics, as well as public companies focused on ESG and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS’ expertise to help them make informed investment decisions.
Media Contact:
Corey Whipple
Analyst, Communications
press@issgovernance.com
Robbins Geller Notches Top Spot for 2022 Class Actions by Dollar Value
ROCKVILLE, Md. (February 28, 2023) – Robbins Geller Rudman & Dowd ranks first among plaintiffs’ firms with $1.75 billion in total securities class action settlement funds recovered during 2022, according to a new report released today by Securities Class Action Services LLC, a subsidiary of Institutional Shareholder Services.
The SCAS Top 50 analysis shows that just Robbins Geller surpassed the $1 billion threshold, while 13 additional law firms surpassed the $100 million mark. Of the total settlement funds recovered by Robbins Geller during 2022, $809.5 million was obtained from the settlement involving Twitter, Inc. which was the largest securities class action settlement during the year. Bernstein Litowitz Berger & Grossmann came in second with $920 million in total settlement funds recovered. Notably, for 10 straight years of this report from ISS SCAS, Bernstein Litowitz has finished in the top two, while Robbins Geller has finished in the top three.
Law firms rounding out the top five rankings in total settlement funds procured during 2022 include Motley Rice, Bleichmar Fonti & Auld, and Kessler Topaz Meltzer & Check:
The annually published report, which lists the top 50 plaintiffs’ law firms ranked by the dollar value of final North American class action settlements occurring in the prior calendar year and in which the law firm served as lead or co-lead counsel, also ranks the top 10 law firms based on the number of settlements represented for the year. Leading this latter category are two firms: Robbins Geller with 27 settled cases, and The Rosen Law Firm with 19 settled cases.
To download a copy of the report, go to https://www.issgovernance.com/library/the-top-50-of-2022/; 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 report should be attributed, in full, to “ISS Securities Class Action Services.”
###
About ISS
Founded in 1985, Institutional Shareholder Services group of companies (ISS) empowers investors and companies to build for long-term and sustainable growth by providing high-quality data, analytics and insight. ISS, which is majority owned by Deutsche Börse Group, along with Genstar Capital and ISS management, is a leading provider of corporate governance and responsible investment solutions, market intelligence, fund services, and events and editorial content for institutional investors and corporations, globally. ISS operates on an arm’s-length basis and Deutsche Börse has adopted Principles protecting the independence and integrity of ISS’ research offerings. ISS’ 3,000 employees operate worldwide across more than 30 global offices in 15 countries. Its more than 4,000 clients include many of the world’s leading institutional investors who rely on ISS’ objective and impartial ESG and governance research, market intelligence and fund services and data and analytics, as well as public companies focused on ESG and governance risk mitigation as a shareholder value enhancing measure. Clients rely on ISS’ expertise to help them make informed investment decisions.
Media Contact:
Corey Whipple
Analyst, Communications
press@issgovernance.com
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