Bernstein Litowitz Berger & Grossmann

California

Address:
2121 Avenue of the Stars, Suite 2575
Los Angeles, CA 90067
California

Telephone:+1 212 554 1400
Fax:+1 212 554 1444
Email:

Key contacts:

Partner: Hannah Ross
Contact this Practitioner
Founding Partner: Max Berger
Contact this Practitioner
Partner: Jeroen van Kwawegen
Contact this Practitioner
Partner: Salvatore Graziano
Contact this Practitioner
Partner: Gerald Silk
Contact this Practitioner

Quick facts:

Partners: 25
Total number of lawyers: 140
Other Offices: New York • Delaware • Los Angeles • Chicago • New Orleans


BLB&G is the preeminent securities litigation and investor rights law firm in the United States. Since its founding in 1983, the firm has been dedicated to representing and advising the world's most sophisticated institutional investors in portfolio monitoring, securities litigation (including class action, opt-out, and direct litigation), and corporate governance litigation. BLB&G's clients include public pension funds, Taft-Hartley funds, state attorneys general, state treasurers, and private asset managers.

With offices in New York, Delaware, California, Illinois, and Louisiana, the firm is strategically located in the nation’s epicenters of securities class action and other forms of shareholder litigation, enabling the firm to serve clients effectively throughout the country. The firm has approximately 140 specialized attorneys and 80 professional staff members—including investigators, financial analysts, paralegals, e-discovery specialists, IT professionals, data engineers, and administrative staff—all focused on maximizing financial recoveries for clients and the investor classes they represent.

BLB&G has successfully identified, investigated, and prosecuted many of the most significant securities and corporate governance actions in history, helping clients recover over $40 billion on behalf of defrauded investors. The firm has secured some of the largest class action recoveries in history, including seven recoveries of $1 billion or more—outpacing all other investor-side securities litigation firms. BLB&G has also helped to secure critical corporate governance reforms through litigation, holding companies and directors accountable for corporate misconduct.

BLB&G is consistently listed as a top-ranked firm by ISS Securities Class Action Services (“ISS SCAS”), a leading industry research publication that provides independent and objective third-party analysis and statistics on securities litigation law firms. ISS SCAS ranked the firm #1 in its Top 50 Plaintiff Law Firms of 2023. ISS SCAS also ranked the firm #1 for the 15th consecutive year in its 2025 Top 100 U.S. Class Action Settlements of All-Time report. According to this report, BLB&G dominates the field, having served as lead or co-lead counsel in 37 of the top 100 U.S. securities fraud recoveries and having recovered almost 40% (over $27 billion) of all funds in the top 100 recoveries, $7 billion more than any other plaintiffs’ securities firm.

The firm has used the litigation process to achieve record-setting recoveries for injured investors, as well as precedent-setting corporate governance reforms that have increased market transparency, held wrongdoers accountable, and improved corporate business practices in groundbreaking ways.

Highlights of the firm's recent success on behalf of clients and shareholders include:

- Securing a historic corporate governance trial victory in the Delaware Court of Chancery rescinding Elon Musk’s $56 billion Tesla compensation package.

- Obtaining a landmark $1 billion recovery in a securities class action against Wells Fargo—the top U.S. securities class action settlement of 2023, one of the top six in the past decade, and among the top 17 of all time.

- Achieving a historic $812 million judgment for Fannie Mae and Freddie Mac shareholders in a unanimous trial verdict and award of prejudgment interest against the Federal Housing Finance Agency (“FHFA”). BLB&G convinced the jury that the value of Fannie Mae and Freddie Mac’s stock was significantly decreased by the FHFA’s improperly transferring the companies’ net worth to the U.S. Treasury Department (a “net worth sweep”).

- Securing a $450 million recovery in a class action suit against Kraft Heinz Company, 3G Capital Partners, and former Kraft executives. The claims arose from misstatements regarding Kraft’s financial position, including the carrying value of its assets, the sustainability of its margins, and the success of recent cost-cutting strategies by the company.


Updated Oct 2025

  • Class action
  • Plaintiff
  • Securities

Salvatore Graziano
Securities
E: salvatore@blbglaw.com

  • Salvatore successfully defeated an appeal to the U.S. Supreme Court in a shareholder class action against Facebook, alleging that the social media giant’s risk disclosures were misleading because they presented the risk of improper third-party data access and misuse as a hypothetical possibility—even though the company and its executives knew Facebook had recently experienced such an incident on a massive scale in the Cambridge Analytica scandal. Defendants also misrepresented that Facebook users could control their personal data on the platform.

  • Salvatore secured the dismissal of an appeal by chipmaking powerhouse NVIDIA before the U.S. Supreme Court in December 2024. The lawsuit against NVIDIA alleges that NVIDIA misled investors about the degree to which its record revenue growth depended on highly volatile cryptocurrency-mining sales. When the crypto market crashed, NVIDIA’s stock price plummeted, and shareholders suffered significant losses.

  • Salvatore secured a $138.75 million recovery in the securities class action against Rio Tinto on behalf of investors in Turquoise Hill Resources Ltd. concerning defendants’ alleged misrepresentations concerning massive cost overruns and schedule delays at the Oyu Tolgoi copper mine in Mongolia.

 

Jeroen van Kwawegen
Class action
E: jeroen@blbglaw.com

  • Jeroen secured a historic corporate governance trial victory in the Delaware Court of Chancery rescinding Elon Musk’s $56 billion Tesla compensation package.

  • Jeroen successfully prosecuted a stockholder suit alleging that investors in Santander Consumer USA Holdings were underpaid in the $2.5 billion squeeze-out merger of minority public investors, which closed in January 2022. BLB&G asserted breach of fiduciary duty claims against Santander Holdings, as controller, and Santander Consumer directors, arguing the controller pushed a “coercive” transaction structure that “ensured the deal would close even if every last minority stockholder opposed the acquisition, rendering irrelevant the decision of whether or not to tender.” BLB&G negotiated a $162.5 million settlement—the second largest class action settlement in Delaware history.

  • Jeroen achieved a $75 million recovery for investors in the securities class action concerning Qualcomm’s representation that it licensed its standard-essential patents on a non-discriminatory basis to the entire cellular communications industry. The action alleged that Qualcomm and its executives exploited its position to suppress competition, drive its rivals out of business, and extract supra-competitive royalties.

Hannah Ross
Securities
E: hannah@blbglaw.com

  • Hannah secured a $120 million recovery in the securities class action against three underwriter defendants related to $3 billion of public offerings of Viacom stock in March 2021 and the concurrent implosion of family fund Archegos Capital Management.

  • Hannah secured a $40 million recovery in a securities class action against Six Flags Entertainment Corporation, alleging the company made materially false and misleading statements regarding its business, operations, and growth prospects related to its agreements with Riverside Investment Group to develop parks in China.

  • Hannah secured a $45 million recovery in a class action lawsuit against logistics company Ryder System and certain of the company’s current and former senior executives, alleging they inflated Ryder’s financial results by systematically overstating the residual value of its trucking fleet. Our team secured the recovery after three years of hard-fought litigation and negotiations.

  • Los Angeles
    2121 Avenue of the Stars, Suite 2575
    90067, United States

  • Wilmington
    500 Delaware Avenue, Suite 901
    19801, United States

  • Chicago
    875 North Michigan Avenue, Suite 3100
    60611, United States

  • New Orleans
    2727 Prytania Street, Suite 19
    70130, United States