NEW YORK--(BUSINESS WIRE)--Max W. Berger, the senior founding partner of New York-based Bernstein Litowitz Berger & Grossmann LLP (“BLB&G”), was this week named one of the “The 100 Most Influential Lawyers in America” by The National Law Journal (“NLJ”).
Basing its selections on nominees’ political clout, legal results, media presence, and business and thought leadership, the NLJ credits Berger with being “front and center” in taking “banks to task for class action plaintiffs’ losses stemming from the recession.” Indeed, to date, Berger and BLB&G have obtained over $5 billion for investors in cases arising from the subprime meltdown – including recoveries from Bank of America, Citigroup, Wachovia, Lehman Brothers, Merrill Lynch and Wells Fargo.
Described by the publication as “clearly a master at negotiating,” he is alone among his peers in having handled six of the largest securities fraud settlements in history, each in excess of a billion dollars: Cendant ($3.3 billion); Citigroup-WorldCom ($2.575 billion); Bank of America/Merrill Lynch ($2.4 billion); JPMorgan Chase-WorldCom ($2 billion); Nortel ($1.3 billion); and McKesson ($1.04 billion).
The publication selected the 100 lawyers who have helped “shape the legal world through their work in the courtroom, at the negotiating table, in the classroom or in government.” In a career spanning over 40 years, Berger has personally negotiated over $25 billion in recoveries on behalf of defrauded investors, and prosecuted seminal cases establishing precedents which have increased market transparency, held wrongdoers accountable, and improved corporate business practices in groundbreaking ways.
“I am enormously gratified to be recognized, and I share this honor with my partners and all the other terrific attorneys and colleagues with whom I have had the privilege to work,” said Berger. “I believe deeply in our practice. Policing the capital markets cannot be done by government alone. Private securities litigation to me has always been an essential tool to safeguard our economic system, and the massive corporate scandals of the last 15 years have proven that our work has only become more important.”
About Bernstein Litowitz Berger & Grossmann
One of the world's leading law firms representing institutional investors clients on securities litigation, corporate governance and shareholder rights issues, BLB&G has offices in New York, California, Louisiana, and Illinois. Regularly entrusted by clients, and regularly appointed as lead counsel by courts in major securities class actions, the firm is widely recognized by industry observers for its legal excellence and achievements ("consistently achieving the highest returns for investors" -- The National Law Journal; "the best advice in the field" -- Chambers USA; "one of the best bar none...impressive achievements and excellent reputation" -- Benchmark Litigation).
Visit www.blbglaw.com to learn more about Mr. Berger, the firm, and its work.