Key contacts
Partner: Hannah Ross
Founding Partner: Max Berger
Partner: Salvatore Graziano
Partner: John Rizio-Hamilton
Partner: Gerald Silk
Quick facts
Other Offices
New York • Delaware • Los Angeles • Chicago • New Orleans
Partners
21
Total number of lawyers
118
Key practice areas
Dispute resolution
Firm overview
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), corporate governance disputes, and complex 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 120 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 eight recoveries of $1 billion or more—outpacing all other investor-side securities litigation firms. Within BLB&G’s complex litigation practice area, the firm litigates disputes involving consumer protection and digital advertising fraud, complex financial fraud, healthcare abuses, social media, privacy rights, and bankruptcy-related claims and represent and advise government and private clients on cases involving environmental harm and human trafficking. 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 has ranked the firm #1 for 16 consecutive years in its Top 100 U.S. Class Action Settlements of All-Time report. According to the latest report, issued in January 2026, 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:
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 120 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 eight recoveries of $1 billion or more—outpacing all other investor-side securities litigation firms. Within BLB&G’s complex litigation practice area, the firm litigates disputes involving consumer protection and digital advertising fraud, complex financial fraud, healthcare abuses, social media, privacy rights, and bankruptcy-related claims and represent and advise government and private clients on cases involving environmental harm and human trafficking. 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 has ranked the firm #1 for 16 consecutive years in its Top 100 U.S. Class Action Settlements of All-Time report. According to the latest report, issued in January 2026, 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.
- Securing more than $2 billion in recoveries for over 30 public pension funds and other institutional investors that suffered substantial losses in Allianz Global Investors’ Structured Alpha Funds—an options-based strategy Allianz marketed as “market-neutral” and “downside-protected.” Through rigorous reconstruction of the Funds’ derivatives positions and presentation of compelling fiduciary and contract-based claims, BLB&G delivered an unparalleled result that remains one of the most significant recoveries ever obtained in a complex options-strategy dispute.
- 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”). Defendants appealed the judgment and, on July 24, 2026, the Court of Appeals for the District of Columbia Circuit affirmed the jury’s decision.
- 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.
Practice Areas & Sector Specialisations
- Class action
- Plaintiff
- Securities
- Corporate Governance
- Complex Litigation
Key practice contacts & recent matter highlights
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.
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Hannah Ross
Securities
E: hannah@blbglaw.com
- Hannah prosecuted the securities fraud class action against Bank of America, which resulted in a landmark settlement shortly before trial of $2.425 billion—one of the largest securities recoveries ever obtained and by far the largest recovery achieved in a litigation arising from the 2008 financial crisis.
- Hannah was a leader of the BLB&G team that recovered more than $2 billion for 35 institutions that invested in the Allianz Structured Alpha Funds.
- Hannah co-led the BLB&G team that prosecuted the securities class action against Wells Fargo, which resulted in a historic $1 billion recovery for investors—the top U.S. securities class action recovery in 2023.
- Hannah served as a senior member of the trial team that prosecuted the litigation arising from the collapse of former leading brokerage MF Global, recovering $234.3 million for injured investors.
- Hannah led the prosecution against Washington Mutual and certain of its former officers and directors for alleged fraudulent conduct in the company’s home lending operations, an action which settled for $216.75 million—one of the largest recoveries in a case related to the subprime crisis and the largest recovery ever achieved in a securities class action in the Western District of Washington.
- Hannah served as lead partner in the securities class action arising from the failure of major mid-Atlantic bank Wilmington Trust, achieving a $210 million recovery.
Other offices
- 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
Address:
Tel:+1 212 554 1400
Fax:+1 212 554 1444
Web Address:http://www.blbglaw.com
1251 Avenue of the Americas
New York, NY 10020
