ISS Securities Class Action Services’ Top 50 Report for 2015 contains a total of 133 court approved settlements valued in sum at $5.8 billion. Among the 50 law firms, four obtained more than $500 million of settlement funds, while another two overreach recouped funds worth more than $1 billion. Specifically, Robbins Geller Rudman & Dowd ranked first, followed by Bernstein Litowitz Berger & Grossmann, with $1.5 billion and $1 billion, respectively, of approved settlement funds. Over 2015, the third quarter proved the busiest with 36 out of 133 settlements settling during that period, while the first quarter saw the highest dollar value for settlement funds approved, at $1.8 billion.
The report lists the top 50 plaintiffs’ law firms ranked by the total dollar value of final class action settlements occurring in 2015 in which the law firm served as lead or co-lead counsel. The report ranks the top five law firms based on the number of settlements represented in 2015. Robbins Geller Rudman & Dowd tops the list with 27 approved settlements, followed by The Rosen Law Firm with 13 approved settlements.