Barrack, Rodos & Bacine Recovers More Than $2.8 Billion for Clients in 2004; Philadelphia Firm Has Highest Average Class Action Settlement Total.PHILADELPHIA -- Barrack BARRACK. By this term, as used in Pennsylvania, is understood an erection of upright posts supporting a sliding roof, usually of thatch. 5 Whart. R. 429. , Rodos & Bacine, the law firm of choice for institutional investors, announced today that it won $2.888 billion for its clients in 2004, and according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a survey by the Securities Class Action Services (SCAS SCAS Scan String SCAS Southern Counties Archery Society (UK region) SCAS Serious Crime Analysis Section (UK) SCAS Stability Control Augmentation System SCAS Semicontinuous Activated-Sludge ), the firm ranked second in total client recoveries nationwide. With an average settlement of $722 million per case, Barrack, Rodos & Bacine had the highest average settlement of any law firm in the SCAS survey, besting its closest competitor by $232 million per suit. "We take great pride in the results of this critical survey," Leonard Barrack, senior and founding partner for the firm said, "especially as it underscores our commitment to our client's long-term interests. Ensuring that the millions of Americans who invest their retirement and other savings in public pension plans are kept safe from fraud is our top priority. And when that trust is violated by those who seek to make a fast buck, we will not hesitate to bring the full weight of the nation's securities laws to bear on behalf of our clients." With a proven history of winning record-breaking settlements for its clients, such as the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Common Retirement Fund, Barrack, Rodos & Bacine has been instrumental in helping to make fundamental changes to the ways in which investors are protected on Wall Street and around the country. Recent key victories and recoveries orchestrated or·ches·trate tr.v. or·ches·trat·ed, or·ches·trat·ing, or·ches·trates 1. To compose or arrange (music) for performance by an orchestra. 2. by the firm include: --WorldCom - $6.1 billion recovered in the civil trial. --Cendant - $3.18 billion in the class action case. --McKesson - $960 million in a securities case. --DaimlerChrysler - $300 million in a securities case. "The expertise we have developed in representing public funds See Fund, 3. See also: Public enables us to perfectly understand their fiduciary obligations," Mr. Barrack said. "And, as a result, enables us to recommend only the highest quality cases to our clients, and ones in which we are confident we can achieve a positive financial impact for all investors." The firm has also gained the respect of the judicial community over this course of its many complex cases. During settlement negotiations in the WorldCom securities case, for example, Judge Denise L. Cote said, "The quality of the representation given by Lead Counsel (Barrack, Rodos & Bacine) is unsurpassed in this Court's experience with plaintiffs' council in Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ." About Barrack, Rodos & Bacine Barrack, Rodos & Bacine (BR&B) is nationally recognized for its prosecution of both securities class actions, where it is the law firm of choice for institutional investors in major complex litigation, and antitrust class actions, where it represents victims of price-fixing conspiracies. Clients such as the New York State Common Retirement Fund, Pennsylvania Public School Employees' Retirement System, City of Philadelphia Board of Retirement and Pensions, Iowa Public Employees Retirement System and the Communication Workers of America/International Typographical ty·pog·ra·phy n. pl. ty·pog·ra·phies 1. a. The art and technique of printing with movable type. b. The composition of printed material from movable type. 2. Workers Negotiated Pension fund rely on BR&B to increase and protect their bottom line. For more information, please contact Scott Freda, Director of Public Affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. at 215-963-0600 or visit www.barrack.com. |
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