ISS SCAS: Robbins Geller Again Leads “Top Plaintiff Law Firms of 2023”

Firm Recovers Over $1 Billion for Investors for the Fourth Year in a Row

Main Column Image
April 29, 2024

Robbins Geller Rudman & Dowd LLP again led Institutional Shareholder Services Securities Class Action Services’s list of the top plaintiff firms in the United States, recovering $1.36 billion for investors in securities-related class action settlements in 2023 according to the ISS SCAS “Top Plaintiff Law Firms of 2023” report.

The Firm again topped the rankings for total number of investor recoveries, with ten more investor recoveries in 2023 than the next ranked law firm. Robbins Geller has been ranked first in total number of investor recoveries eight out of the last ten years, more than any other law firm.

According to ISS SCAS, 2023 is the fourth year in a row Robbins Geller recovered over $1 billion for investors – the only law firm to do so.

The Firm has also topped the ISS SCAS rankings for total amounts recovered for investors in six of the last ten years – more than any other law firm.

ISS SCAS’s annual report is an analysis of securities class action litigation firms and their results in the previous year ranking plaintiff firms both by dollar value of final recoveries in which the law firm served as lead or co-lead counsel and the number of settlements achieved in the year.

“The Firm’s success is a result of the shared commitment of our clients, our lawyers, and our staff to holding corporations accountable,” said Darren Robbins, a partner at the Firm. “Our clients’ determination to put cases before a jury helps us consistently secure significant recoveries in class actions.”

In a “Largest Securities-Related Class Action Settlements of 2023” ISS Insights report released in January 2024, Robbins Geller had more top cases cited by ISS SCAS than any other law firm – five of the ten largest securities recoveries noted and two of the three largest fiduciary class action settlements. In 2023, Robbins Geller obtained five of the ten largest securities class action recoveries: $300 million in Wells Fargo; $173 million in Exelon; $141 million in McKesson; $109 million in Cardinal Health; and $107.5 million in Micro Focus.

The Firm’s $300 million recovery in a securities fraud case against Wells Fargo that received final approval from the court in 2023 became one of the 100 largest securities fraud class action recoveries of all time, according to the ISS SCAS “The Top 100 U.S. Class Action Settlements of All-Time” report released in February 2024. Two other more recent Robbins Geller recoveries are currently pending court approval, and, if approved, would join the Top 100 list: a $490 million recovery in a securities fraud class action against Apple; and a $350 million recovery in a securities fraud class action against Alphabet.

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 10 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 secured the largest-ever securities fraud class action settlement – $7.2 billion – in In re Enron Corp. Securities Litigation.

For media inquiries, please contact media@rgrdlaw.com or call (619) 338-3821.

Read More Firm News

Main Menu