March 14, 2016
Bernstein Liebhard LLP is honored to once again be named to The National Law Journal’s “Plaintiffs’ Hot List.” This year’s nomination marks the thirteenth year the firm has been named to this prestigious annual list.
The National Law Journal selected twelve firms that “scored big recoveries for plaintiffs.” This year’s list recognizes firms that “tapped their deep benches for high-stakes litigation battles in courts across the country.”
Bernstein Liebhard was recognized for its work on two cases in particular that were led by Partners Stanley D. Bernstein and U. Seth Ottensoser. The first, a securities fraud class action against Kinross Gold Corp, where discovery was conducted across the globe, yielded a $33 million recovery. The second, a derivative action with Freeport-McMoRan Inc., resulted in a $137 million cash settlement to be distributed to the company’s shareholders in the form of a special dividend.
The National Law Journal noted that these types of hard-fought cases fit with the firm’s style, a sentiment echoed by Partner Stanley D. Bernstein: “We take cases to the end, we’re relentless. We’re not a volume shop. We’re selective in the cases we take, and we work them to get the maximum value for the client.”
The National Law Journal also quoted Robert J. Giuffra, Jr. of Sullivan & Cromwell LLP, who represented Kinross Gold Corp.: “Stan Bernstein is a highly respected member of the plaintiffs’ bar. He’s a tough advocate for his clients.”
Other firm highlights this year include a $50 million settlement on behalf of the Public Employees Retirement of Association of New Mexico, in an individual action against its former securities lending agent for breach of contract and breach of fiduciary duty, and a $20.5 million settlement of a class action against Tower Group International Ltd.
Bernstein Liebhard LLP, established in 1993, represents plaintiffs in various types of class action and complex litigation and has pursued hundreds of securities, consumer, and shareholder rights cases, resulting in over $3.5 billion in recoveries for its clients and the classes it has represented. For more information, please contact Stanley D. Bernstein at (212) 779-1414 or Bernstein@bernlieb.com.