Lieff Cabraser's Securities &
Investment Fraud Practice Area

Federal and state laws provide individual and institutional investors with remedies for securities fraud by companies issuing securities, their officers and directors, underwriters, and accounting and other professionals who may be involved in the fraud. Common claims include "fraud on the market," where a company artificially inflates or maintains the market price of its stock by misrepresenting or failing to disclose the company's true financial performance.

Lieff Cabraser is nationally recognized for its representation of shareholders in cases alleging violations of federal securities laws by major corporations and their directors, including many of the most publicized financial frauds arising out of Silicon Valley.

For example, we served as co-lead counsel in class action suits arising out of an alleged fraudulent scheme by Scorpion Technologies, Inc., certain of its officers, accountants, underwriters and business affiliates to inflate the company’s earnings through reporting fictitious sales.

In April 2002, a federal jury in San Francisco, California returned a $170.7 million verdict against Edsaco Ltd. The jury found that Edsaco aided Scorpion in setting up phony European companies as part of scheme in which Scorpion reported fictitious sales of its software to these companies, thereby inflating its earnings. Included in the jury verdict was $165 million in punitive damages.

The verdict against Edsaco constituted one of the largest verdicts in the U.S. in 2002. Subsequently, the parties reached a settlement of the action on favorable monetary terms to the class, which included Edsaco's relinquishment of its right to appeal and plaintiffs' agreement to vacate the jury verdict.

Not all of our securities cases are brought on behalf of individual investors. We also represent individuals with substantial claims, institutional investors, governmental agencies and entities and public pension plans.

To learn about our current securities fraud cases, click here.

To contact a securities and investment fraud lawyer at Lieff Cabraser, click here. Individual and Institutional Investors and Fund Managers, please visit our dedicated Securities Website.

Important Note: This summary is intended to provide a basic overview of typical cases of our firm. It is for informational purposes only and does not constitute legal advice. Please read our disclaimer.

Lieff Cabraser's Securities & Investment Fraud Practice Area

Lieff Cabraser's Securities &
Investment Fraud Practice Area