Friday, March 16, 2007

The SCAS 50 for 2006

The following was first published on 3/6 over at Securities Litigation Watch, my new blog.

If you want current postings and updates on the wide world of securities litigation, I encourage you to update your bookmarks and subscriptions.

* * * * *

For the fourth year, my company (ISS' Securities Class Action Services) has issued its "SCAS 50" report.

Based on data from the SCAS database, 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.

The full report is available here.

2006's Top 10:

RANK LAW FIRM SETTLEMENT TOTAL # OF SETTLEMENTS AVERAGE
1 Lerach Coughlin Stoia Geller Rudman & Robbins
$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
$2,500,000,000
1
$2,500,000,000
4 Milberg Weiss & Bershad
$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
$590,295,000
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

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