Robbins Geller Again Leads the ISS “Top 100” Recoveries in U.S. Securities Fraud Cases
Robbins Geller Rudman & Dowd LLP again leads the list of the largest class action settlements of 2022 with an $809.5 million recovery in In re Twitter, Inc. Securities Litigation, according to the Institutional Shareholder Services’ Top 100 U.S. Class Action Settlements of All-Time report.
This week, ISS Securities Class Action Services released the report that tracks the 100 largest securities fraud recoveries in U.S. history. All cases on the ISS list have received final court approval and are characterized by the size of the recovery secured for investors.
Twitter joined the Top 100 list and is now the 19th largest U.S. securities fraud class action settlement of all time. It is also the second such recovery in the U.S. District Court for the Northern District of California.
Robbins Geller attorneys hold the #1 spot on the “Top 100” list with a $7.2 billion settlement in In re Enron Corp. Securities Litigation, which remains the largest-ever such recovery for investors.
The Firm also holds the distinction of being the only firm with multiple $1 billion-plus recoveries as sole lead counsel: In re Enron Corp. Securities Litigation ($7.2 billion); Jaffe v. Household International, Inc. ($1.575 billion); In re Valeant Pharmaceuticals International, Inc. Securities Litigation ($1.21 billion); and In re American Realty Capital Properties, Inc. Litigation ($1.025 billion).
According to data in the report, Robbins Geller served as lead or co-lead counsel in 7 of the top 20 largest securities fraud recoveries of all-time. The report also noted that one recent case in which the Firm serves as co-counsel — a $1 billion recovery in a breach of fiduciary duty action brought on behalf of Dell Technologies shareholders — will likely join the Top 100 list if it receives final court approval.
The full ISS SCAS report is available here: https://www.issgovernance.com/library/the-top-100-us-class-action-settlements-of-all-time-as-of-december-2022/
About Robbins Geller
Robbins Geller Rudman & Dowd LLP is one of the world’s leading complex litigation firms, representing plaintiffs in securities fraud, shareholder derivative, antitrust, corporate takeover, and consumer fraud and privacy cases. With 200 lawyers in 9 offices, Robbins Geller is one of the world’s largest plaintiffs’ firms, and the Firm’s attorneys have obtained many of the largest securities, antitrust, and consumer class action recoveries in history.
The Firm is ranked #1 on the most recent ISS Securities Class Action Services Top 50 report for recovering nearly $2 billion for investors in 2021 — more than triple the amount recovered by any other plaintiffs’ firm. The Firm secured the largest-ever securities fraud class action settlement — $7.2 billion — in In re Enron Corp. Securities Litigation.
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