Firm Profile > Bernstein Litowitz Berger & Grossmann LLP > New York , United States

Bernstein Litowitz Berger & Grossmann LLP
1251 AVENUE OF THE AMERICAS
44TH FLOOR
NEW YORK, NY 10020
New York
United States

M&A litigation: plaintiff Tier 1

Bernstein Litowitz Berger & Grossmann LLP is 'certainly a top-tier firm' and its New York office has a deep bench of highly respected lawyers who 'take pride in bringing good cases and carry a credible trial risk'. 'It has a philosophy of selectivity', says one peer. The firm has one of the leading practices for advising public pension funds and institutional investors on securities litigation, corporate governance, shareholder activism and investor rights issues. It represents more than 250 public pension funds and private institutional investors in North America and abroad and has a track record of achieving precedent-setting corporate governance reforms. Mark Lebovitch leads the corporate governance litigation practice and is a leading light in shareholder derivative suits and transactional litigation. With fellow partner David Wales and rising star Rebecca Boon, he handled City of Monroe Employees' Retirement System, derivatively on behalf of Twenty-First Century Fox, Inc. v. Rupert Murdoch, et al., a shareholder derivative case in Delaware Chancery Court. Lebovitch and Jeroen van Kwawegen also handled In re Starz Stockholder Litigation, which raised issues of abuse of control by a stockholder in the sale of Starz to Lions Gate Entertainment.

Securities litigation - plaintiff Tier 1

Bernstein Litowitz Berger & Grossmann LLP in New York is 'clearly a top firm in this area', according to its peers, and counts more than 250 of the largest public pension funds and private institutional investors in North America and abroad among its clients. It has recovered more than $32bn for investors since its founding in 1983, which includes six of the 12 largest securities fraud recoveries on record. Senior founding partner Max Berger is a leading light in the market and recently led an unprecedented shareholder derivative litigation against Fox News parent 21st Century Fox arising from the systemic sexual and workplace harassment at the embattled network. Gerald Silk and Salvatore Graziano lead the practice. Graziano acted in Gary Hefler et al v. Wells Fargo & Company et al, which claimed the bank made false statements to investors about the strength of its business and results while it was engaged in improper conduct, including the opening of millions of unauthorized accounts. A $480m class action settlement is awaiting approval. Also recommended are partners Hannah Ross and Katherine Sinderson, who recovered $210m for pension fund clients in In re Wilmington Trust Securities Litigation.

Bernstein Litowitz Berger & Grossmann LLP (BLB&G) is one of the leading law firms worldwide advising institutional investors on issues related to corporate governance, shareholder rights and securities litigation. Recovering over $33bn for investors since its founding in 1983, BLB&G has obtained six of the largest securities fraud recoveries in history and has achieved precedent-setting corporate governance reforms on behalf of its institutional investor clients. The firm has also prosecuted some of the most significant employment discrimination, civil rights and consumer protection cases on record. Equally important, the firm has advanced novel and beneficial principles by developing important new law in the areas in which it litigates.

Regularly appointed by the courts as lead counsel in US securities class actions, BLB&G has distinguished itself by focusing on the representation of respected institutional investors in meritorious cases. Well known for ‘consistently bringing high-impact cases’ (Securities Class Action Services), the firm is extremely selective in its prosecutions, only pursuing matters where its clients have significant holdings.

A distinguished group of trial-tested litigators, BLB&G has repeatedly and consistently earned high praise from the courts before which it practices, as well as the respect of the defense firms and insurance carriers whom it faces in court and across the negotiating table. Moreover, as a result of their accomplishments, BLB&G and its attorneys have been the subject of numerous feature articles in major media publications in the US and abroad. The firm is widely recognized as ‘the biggest star in the firmament’ (Financial Times) and ‘one of the best, bar none’ (Euromoney), and is well regarded for ‘consistently achieving the highest returns for investors’ (The National Law Journal) among law firms prosecuting complex securities fraud. Chambers USA, in which clients declared that BLB&G ‘gives the best advice in the field’, has awarded the firm top ranking in plaintiff securities litigation every year since the category’s inception.

Main areas of practice: BLB&G specializes in securities litigation, corporate governance and shareholder rights litigation, including claims for breach of fiduciary duty and proxy violations; the prosecution of violations of federal and state anti-discrimination laws and vindication of employee rights; and consumer claims. The firm also handles, on behalf of major institutional clients and lenders, more general complex commercial litigation involving allegations of breach of contract, accountants’ liability, breach of fiduciary duty, fraud and negligence. Recovering nearly $7bn for investors in actions against Wall Street banks and other financial institutions, BLB&G was at the forefront of efforts to recover massive shareholder losses resulting from the global financial collapse as lead counsel in numerous high-profile litigations arising from the subprime mortgage crisis and subsequent global recession. The firm also represents institutional clients in lawsuits seeking to enforce fiduciary obligations in connection with mergers and acquisitions transactions that deprive shareholders of fair value or otherwise treat shareholders unfairly.

Department Name Email Telephone
Founding and Senior Partner Max W Berger mwb@blbglaw.com (212) 554–1519
Firm Contact Gerald Silk jerry@blbglaw.com (212) 554–1519
Photo Name Position Profile
 Jeroen van Kwawegen  photo Jeroen van Kwawegen
Mr Max Berger  photo Mr Max Berger
Mr John Browne  photo Mr John Browne
Mr Salvatore Graziano  photo Mr Salvatore Graziano
Mr Avi Josefson  photo Mr Avi Josefson
Mr Mark Lebovitch  photo Mr Mark Lebovitch
Mr John Rizio-Hamilton  photo Mr John Rizio-Hamilton
Ms Hannah Ross  photo Ms Hannah Ross
Mr Gerald Silk  photo Mr Gerald Silk
 David Wales  photo David Wales
Number of Partners : 18
Number of Other Fee-Earners : 27
Total Staff : 129
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