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SCAS 50 for 2006
Securities Class Action Services (SCAS) is pleased to present the "SCAS 50"
for the year 2006. 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.
| Rank |
Law Firm |
Settlement Total |
# of Settlements |
Average |
| 1 |
Lerach Coughlin Stoia Geller Rudman & Robbins LLP |
$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 PLC |
$2,500,000,000 |
1 |
$2,500,000,000 |
| 4 |
Milberg Weiss Bershad LLP |
$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 |
$590,925,000 |
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 |
| 11 |
Schiffrin, Barroway, Topaz & Kessler, LLP |
$350,650,000 |
12 |
$29,220,833 |
| 12 |
Labaton Sucharow & Rudoff LLP |
$243,950,000 |
7 |
$34,850,000 |
| 13 |
Lite, DePalma, Greenberg & Rivas |
$216,500,000 |
1 |
$216,500,000 |
| 14 |
Lowenstein Sandler |
$137,500,000 |
1 |
$137,500,000 |
| 15 |
Berman DeValerio Pease Tabacco Burt & Pucillo |
$119,753,491 |
4 |
$29,938,373 |
| 16 |
Stull Stull & Brody |
$106,692,922 |
3 |
$35,564,307 |
| 17 |
Wolf Haldenstein Adler Freeman & Herz |
$99,750,000 |
6 |
$16,625,000 |
| 18 |
Grant & Eisenhofer |
$99,500,524 |
2 |
$49,750,262 |
| 19 |
Levin Papantonio Thomas Mitchell Echsner and Proctor |
$99,250,000 |
1 |
$99,250,000 |
| 20 |
Weiss & Lurie |
$94,100,000 |
6 |
$15,683,333 |
| 21 |
Cohen Milstein Hausfeld & Toll |
$80,750,000 |
7 |
$11,535,714 |
| 22 |
Pomerantz Haudek Block Grossman & Gross |
$77,850,000 |
2 |
$38,925,000 |
| 23 |
Abraham, Fruchter & Twersky, LLP |
$61,392,922 |
3 |
$20,464,307 |
| 24 |
Bernstein Liebhard & Lifshitz LLP |
$59,650,000 |
5 |
$11,930,000 |
| 25 |
Gold Bennett Cera & Sidener LLP |
$56,292,922 |
1 |
$56,292,922 |
| 26 |
Chimicles & Tikellis |
$52,500,000 |
2 |
$26,250,000 |
| 27 |
Saunders & Doyle |
$50,000,000 |
1 |
$50,000,000 |
| 27 |
Tighe Patton Armstrong Teasdale, LLP |
$50,000,000 |
1 |
$50,000,000 |
| 29 |
Yourman Alexander & Parekh LLP |
$49,375,000 |
3 |
$16,458,333 |
| 30 |
Berger & Montague, P.C. |
$44,229,539 |
8 |
$5,528,692 |
| 31 |
Schoengold Sporn Laitman & Lometti, P.C. |
$40,400,000 |
2 |
$20,200,000 |
| 32 |
Weiss & Yourman |
$39,900,000 |
1 |
$39,900,000 |
| 33 |
Strauss & Troy LPA |
$36,000,000 |
1 |
$36,000,000 |
| 34 |
Chitwood Harley Harnes LLP |
$35,000,000 |
1 |
$35,000,000 |
| 35 |
Schatz & Nobel |
$32,750,000 |
1 |
$32,750,000 |
| 36 |
Gardere Wynne Sewell |
$32,500,000 |
1 |
$32,500,000 |
| 36 |
The Wynne Law Firm |
$32,500,000 |
1 |
$32,500,000 |
| 38 |
Ackerman, Link & Sartory, P.A. |
$30,000,000 |
1 |
$30,000,000 |
| 39 |
Faruqi & Faruqi |
$29,700,000 |
2 |
$14,850,000 |
| 40 |
Kaplan Fox & Kilsheimer |
$19,500,000 |
2 |
$9,750,000 |
| 41 |
Law Office of Bernard M. Gross |
$17,550,000 |
2 |
$8,775,000 |
| 42 |
Cotchett Pitre & McCarthy |
$17,500,000 |
1 |
$17,500,000 |
| 43 |
Shapiro Haber & Urmy |
$13,000,000 |
3 |
$4,333,333 |
| 44 |
Bonnett Fairbourn Friedman & Balint |
$12,503,491 |
1 |
$12,503,491 |
| 45 |
Finkelstein Thompson LLP |
$11,650,000 |
4 |
$2,912,500 |
| 46 |
Klafter & Olsen LLP |
$10,500,000 |
1 |
$10,500,000 |
| 47 |
Bagnell & Eason, LLP |
$9,350,000 |
1 |
$9,350,000 |
| 47 |
McGowan Hood Felder & Johnson |
$9,350,000 |
1 |
$9,350,000 |
| 49 |
Green Welling LLP |
$9,125,000 |
1 |
$9,125,000 |
| 50 |
Johnson & Perkinson |
$8,500,000 |
1 |
$8,500,000 |
Download the SCAS 50 for 2006
Methodology
We created the SCAS 50 using data from the SCAS database, which
tracks, among many other things, federal and state shareholder
class actions. We also contacted each law firm to seek confirmation
of the settlement data pertaining to that firm. The SCAS 50 does
not include data on ERISA or derivative lawsuits.
The SCAS 50 reflects only those final settlements
that resulted in the creation of a settlement fund on behalf of
shareholders. Cases which resulted in no settlement fund being
created, but instead had only non-monetary settlement terms (such
as corporate governance changes, changes in the terms of a merger,
etc.) are not included. Further information on such settlements
can be found in the SCAS database.
The SCAS 50 credits law firms that served as
lead or co-lead counsel in a case with the entire settlement fund,
regardless of how many other firms served as lead or co-lead counsel
in the case. Thus, for a settlement of $1,000,000 dollars where
there were two lead counsel, the SCAS 50 credits both law firms
with a $1,000,000 settlement rather than dividing the settlement
fund in half. For purposes of this report, law firms are considered
to be lead or co-lead counsel if they are identified as such in
the notice of settlement distributed to shareholders.
Terminology
SETTLEMENT TOTAL is the total dollar value of all final settlements
occurring in 2006 in which the law firm served as lead or co-lead
counsel, and where a settlement fund resulted.
# of SETTLEMENTS is the total number of final settlements occurring
in 2006 in which the law firm served as lead or co-lead counsel,
and where a settlement fund resulted.
AVERAGE is the SETTLEMENT TOTAL divided by the # of SETTLEMENTS.
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