Robbins Geller Rudman & Dowd LLP Secures Most Recoveries According to New Study
Cornerstone Research Finds Robbins Geller Rudman & Dowd LLP the Clear Leader in Securities Class Action Settlements
San Diego, CA – Cornerstone Research has released its Securities Class Action Settlements 2011 Review and Analysis, showing that Robbins Geller Rudman & Dowd LLP (“Robbins Geller”) has again obtained significantly more recoveries for its clients than any other firm.
Cornerstone found that Robbins Geller was appointed by federal courts as lead or co-lead counsel in nearly 35% of cases settled in the last two years, while no other firm was responsible for more than 13% of settled cases. Robbins Geller has had the highest portion of settlements now for seven consecutive years and in each of the past five years has obtained two to three times more settlements than any other law firm. Robbins Geller has maintained one of the highest average recovery percentages, expressed as a percent of estimated damages, of all law firms for each of the past seven years. Predicting that Robbins Geller is likely to maintain its dominance in the years to come, the study noted:
The list of firms most frequently involved with securities class action settlements as lead or colead plaintiff counsel has remained the same during the past few years. The law firm of Robbins Geller Rudman & Dowd (Robbins Geller) was the most active firm for the period from 2010 to 2011, involved in almost 35 percent of settled cases. As reported in the 2011 Filings Report, Robbins Geller was also the most active firm in terms of case filings in recent years, suggesting that this firm is likely to continue to maintain the largest market share for settlements in future years.
This new study comes on the heels of Cornerstone’s Securities Class Action Filings 2011 Year in Review, which found that “Robbins Geller Rudman & Dowd was named lead or co-lead counsel more often than any other firm in each year” and shows the firm remains the clear leader in Cornerstone’s assessment of lead counsel appointments based on both the Maximum Dollar Loss and the Disclosure Dollar Loss measurements.
Cornerstone’s studies are consistent with other objective research covering securities class actions, such as MCSI’s annual assessment, which regularly rates Robbins Geller as one of the leading firms in terms of total dollar amount of annual settlements and total number of recoveries.
Robbins Geller is responsible for the largest securities class action recovery in history, the largest-ever options backdating recovery, the largest opt-out recovery, the largest credit crisis recovery, the largest corporate takeover recovery, and secured a historic jury verdict for the shareholder class after seven years of litigation and a six week trial against Household International, its CEO and CFO.
Robbins Geller Rudman & Dowd LLP represents U.S. and international investors and consumers in contingency-based complex litigation. With nearly 200 attorneys in nine offices, the firm represents more institutional investors and pension funds in securities and corporate litigation than any other law firm in the world. Not only has the firm obtained six of the largest recoveries in history, but the firm has been ranked number one in the number of shareholder class action recoveries in MSCI’s Top SCAS 50 every year since 2003. According to Cornerstone, the firm’s recoveries have averaged 35% above the median for all firms over the past seven years (2005-2011). Please visit http://www.rgrdlaw.com for more information.