Securities Class Action Services
Securities Class Action Services (SCAS), a wholly-owned subsidiary of Institutional Shareholder Services that maintains the leading database on securities class action litigation, is pleased to present the “SCAS 50” for the year 2006. The SCAS 50 lists the top 50 plaintiffs’ law firms ranked by the total dollar amount of final securities class action settlements occurring in 2006 in which the law firm served as lead or co-lead counsel.
|
RANK
|
LAW FIRM
|
SETTLEMENT TOTAL
|
# OF SETTLEMENTS
|
AVERAGE
|
|
1
|
Lerach Coughlin Stoia Geller Rudman
& Robbins LLP
|
$7,307,050,000
|
30
|
$243,568,333
|
|
2
|
Bernstein Litowitz Berger &
Grossmann
|
$2,634,765,298
|
9
|
$292,751,700
|
|
3
|
Heins Mills & Olson PLC
|
$2,500,000,000
|
1
|
$2,500,000,000
|
|
4
|
Milberg Weiss Bershad LLP
|
$1,604,608,808
|
22
|
$72,936,764
|
|
5
|
Entwistle & Cappucci
|
$1,100,000,000
|
1
|
$1,100,000,000
|
|
6
|
Barrack, Rodos & Bacine
|
$960,000,000
|
1
|
$960,000,000
|
|
7
|
Kirby McInerney & Squire
|
$650,900,000
|
5
|
$130,180,000
|
|
8
|
Abbey Spanier Rodd Abrams &
Paradis
|
$590,925,000
|
8
|
$73,865,625
|
|
9
|
Barrett & Weber
|
$410,000,000
|
1
|
$410,000,000
|
|
9
|
Waite, Schneider, Bayless &
Chesley
|
$410,000,000
|
1
|
$410,000,000
|
|
11
|
Schiffrin, Barroway, Topaz &
Kessler, LLP
|
$350,650,000
|
12
|
$29,220,833
|
|
12
|
Labaton Sucharow & Rudoff
LLP
|
$243,950,000
|
7
|
$34,850,000
|
|
13
|
Lite, DePalma, Greenberg &
Rivas
|
$216,500,000
|
1
|
$216,500,000
|
|
14
|
Lowenstein Sandler
|
$137,500,000
|
1
|
$137,500,000
|
|
15
|
Berman DeValerio Pease Tabacco Burt
& Pucillo
|
$119,753,491
|
4
|
$29,938,373
|
|
16
|
Stull Stull & Brody
|
$106,692,922
|
3
|
$35,564,307
|
|
17
|
Wolf Haldenstein Adler Freeman
& Herz
|
$99,750,000
|
6
|
$16,625,000
|
|
18
|
Grant & Eisenhofer
|
$99,500,524
|
2
|
$49,750,262
|
|
19
|
Levin Papantonio Thomas Mitchell
Echsner and Proctor
|
$99,250,000
|
1
|
$99,250,000
|
|
20
|
Weiss & Lurie
|
$94,100,000
|
6
|
$15,683,333
|
|
21
|
Cohen Milstein Hausfeld &
Toll
|
$80,750,000
|
7
|
$11,535,714
|
|
22
|
Pomerantz Haudek Block Grossman
& Gross
|
$77,850,000
|
2
|
$38,925,000
|
|
23
|
Abraham, Fruchter & Twersky,
LLP
|
$61,392,922
|
3
|
$20,464,307
|
|
24
|
Bernstein Liebhard & Lifshitz
LLP
|
$59,650,000
|
5
|
$11,930,000
|
|
25
|
Gold Bennett Cera & Sidener
LLP
|
$56,292,922
|
1
|
$56,292,922
|
|
26
|
Chimicles & Tikellis
|
$52,500,000
|
2
|
$26,250,000
|
|
27
|
Saunders & Doyle
|
$50,000,000
|
1
|
$50,000,000
|
|
27
|
Tighe Patton Armstrong Teasdale,
LLP
|
$50,000,000
|
1
|
$50,000,000
|
|
29
|
Yourman Alexander & Parekh
LLP
|
$49,375,000
|
3
|
$16,458,333
|
|
30
|
Berger & Montague, P.C.
|
$44,229,539
|
8
|
$5,528,692
|
|
31
|
Schoengold Sporn Laitman &
Lometti, P.C.
|
$40,400,000
|
2
|
$20,200,000
|
|
32
|
Weiss & Yourman
|
$39,900,000
|
1
|
$39,900,000
|
|
33
|
Strauss & Troy LPA
|
$36,000,000
|
1
|
$36,000,000
|
|
34
|
Chitwood Harley Harnes LLP
|
$35,000,000
|
1
|
$35,000,000
|
|
35
|
Schatz & Nobel
|
$32,750,000
|
1
|
$32,750,000
|
|
36
|
Gardere Wynne Sewell
|
$32,500,000
|
1
|
$32,500,000
|
|
36
|
The Wynne Law Firm
|
$32,500,000
|
1
|
$32,500,000
|
|
38
|
Ackerman, Link & Sartory,
P.A.
|
$30,000,000
|
1
|
$30,000,000
|
|
39
|
Faruqi & Faruqi
|
$29,700,000
|
2
|
$14,850,000
|
|
40
|
Kaplan Fox & Kilsheimer
|
$19,500,000
|
2
|
$9,750,000
|
|
41
|
Law Office of Bernard M. Gross
|
$17,550,000
|
2
|
$8,775,000
|
|
42
|
Cotchett Pitre & McCarthy
|
$17,500,000
|
1
|
$17,500,000
|
|
43
|
Shapiro Haber & Urmy
|
$13,000,000
|
3
|
$4,333,333
|
|
44
|
Bonnett Fairbourn Friedman &
Balint
|
$12,503,491
|
1
|
$12,503,491
|
|
45
|
Finkelstein Thompson LLP
|
$11,650,000
|
4
|
$2,912,500
|
|
46
|
Klafter & Olsen LLP
|
$10,500,000
|
1
|
$10,500,000
|
|
47
|
Bagnell & Eason, LLP
|
$9,350,000
|
1
|
$9,350,000
|
|
47
|
McGowan Hood Felder & Johnson
|
$9,350,000
|
1
|
$9,350,000
|
|
49
|
Green Welling LLP
|
$9,125,000
|
1
|
$9,125,000
|
|
50
|
Johnson & Perkinson
|
$8,500,000
|
1
|
$8,500,000
|
Snapshot: Average Settlement Amount
The top 5 law firms ranked by highest average settlement amount (minimum of five settlements) are as follows:
|
RANK
|
SCAS 50 RANK
|
LAW FIRM
|
SETTLEMENT TOTAL
|
# OF SETTLEMENTS
|
AVERAGE
|
|
1
|
2
|
Bernstein Litowitz Berger &
Grossmann
|
$2,634,765,298
|
9
|
$292,751,700
|
|
2
|
1
|
Lerach Coughlin Stoia Geller Rudman
& Robbins LLP
|
$7,307,050,000
|
30
|
$243,568,333
|
|
3
|
7
|
Kirby McInerney & Squire
|
$650,900,000
|
5
|
$130,180,000
|
|
4
|
8
|
Abbey Spanier Rodd Abrams &
Paradis
|
$590,925,000
|
8
|
$73,865,625
|
|
5
|
4
|
Milberg Weiss Bershad LLP
|
$1,604,608,808
|
22
|
$72,936,764
|
Snapshot: Number of Settlements
The top 5 law firms ranked by total number of final settlements are as follows:
|
RANK
|
SCAS 50 RANK
|
LAW FIRM
|
SETTLEMENT TOTAL
|
# OF SETTLEMENTS
|
AVERAGE
|
|
1
|
1
|
Lerach Coughlin Stoia Geller Rudman
& Robbins LLP
|
$7,307,050,000
|
30
|
$243,568,333
|
|
2
|
4
|
Milberg Weiss Bershad LLP
| |
