Robbins Geller Ranked Top Securities Law Firm for the Third Year in a Row by Institutional Shareholder Services
Today, Institutional Shareholder Services SCAS released its annual SCAS “Top 50” report, an analysis of securities class action litigation firms and their results in the previous year. The report ranks plaintiffs’ firms both by dollar value of final recoveries in which the law firm served as lead counsel and the number of settlements achieved in the year.
The report notes that the Firm secured a $809.5 million settlement in a securities fraud class action case against Twitter – the top securities fraud recovery in 2022. The Twitter settlement is the 19th largest settlement of all-time and second largest in the Northern District of California, according to the ISS SCAS Top 100 U.S. Class Action Settlements of All-Time report released in January 2023.
The Twitter case was resolved on the eve of trial and involved nearly six years of litigation.
“This report underscores that class members secure the best possible recoveries when a complex securities class action is credibly and thoroughly prepared for trial,” said Darren Robbins, a partner at the Firm. “Today’s report is hard evidence of this reality. These results reflect both our clients’ commitment to excellence and years of hard work from our trial teams,” he added.
Several of the largest recoveries cited by recent ISS SCAS “Top 100” reports were secured at the eve of or after a trial, including Household ($1.5 billion in 2016), First Solar ($350 million in 2020), and American Realty ($1 billion in 2020).
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.
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