Class Action Group Of The Year: Bernstein Litowitz

By Michele Gorman (January 18, 2019, 3:57 PM EST) -- By securing victories for clients through creative approaches that maximized high-dollar awards, Bernstein Litowitz Berger & Grossmann LLP earned a spot among Law360's 2018 Class Action Groups of the Year.

To settle a proposed class action that claimed Clovis Oncology Inc. inflated its stock price by misleading investors about the efficacy of a cancer drug, Bernstein Litowitz helped secure a deal in which the Colorado-based, early-stage biopharmaceutical company agreed to pay $142 million in cash and stock.

The Arkin Group — as the lead plaintiffs were collectively known — had said the deal, which received final approval on Oct. 26, 2017, provided...

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