Top 50 Plaintiff Securities Firms for 2011

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Securities Class Action Services has released its annual list of the top 50 securities firms (the “SCAS 50”).  The top 10 firms for 2011 are as follows: 

1. Bernstein Litowitz Berger & Grossmann
2. Robbins Geller Rudman & Dowd
3. Labaton Sucharow
4. Kessler Topaz Meltzer & Check
5. Hagens Berman Sobol Shapiro
6. Grant & Eisenhofer
7. Cohen Milstein Sellers & Toll
8. Lovell Stewart Halebian Jacobson
9. Milberg
10. Wolf Haldenstein Adler Freeman & Herz

The full list is available here. The Bernstein Litowitz firm claimed the top spot with over $1.3 billion in total settlement proceeds from 13 settlements (the third-highest number overall), including a $208.5 million settlement with Washington Mutual. The firm’s average of nearly $106 million per settlement was one of only three per-settlement averages of $100 million or more, and is second only to Lovell Stewart’s nearly $119 million average (based on a single settlement with PIMCO). The three firms topping the SCAS 50 — Bernstein Litowitz, Robbins Geller and Labaton Sucharow — accounted for more than half of all securities settlements in 2011.