October 2009
The Plaintiffs' Hot List, an annual survey of firms that do "exemplary, cutting-edge work," is published by The National Law Journal ("NLJ"). The NLJ has once again named BLB&G one of the leading firms in the country practicing predominantly plaintiff law for the sixth year in a row. The firm is one of only four in the nation have been named to the NLJ "Hot List" in the past six consecutive years.
In its profile of the firm, NLJ states, "As a percentage of recoverable damages, BLB&G consistently achieves the highest returns for investors - multiples above the averages reflected in national studies by RiskMetrics Group, NERA Consulting and Cornerstone Research." It also cites three groundbreaking cases prosecuted and settled by the firm in 2009, including the case In re The Mills Corp. Securities litigation, in which the firm recovered $202.75 million for the class. This settlement is the largest recovery in a securities class action in Virginia and the second-largest within the 4th Circuit. In addition, BLB&G was also recognized for achieving a $150 million settlement in La. Sheriffs Pension & Relief Fund v. Merrill Lynch & Co. Inc., and $125 million in In re Bristol-Myers Squibb Co. Securities Litigation.