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American Lawyer
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"Representing the best qualities of the plaintiffs' bar."
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"Their effective and caring advocacy for clients has earned Lieff Cabraser its first-class reputation."
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Case Center
National Century
- Issue: Securities Faud
- Result: Settlements valued at over 70% of client's $89 million in losses
- 2011
In re National Century Financial Enterprises, Inc. Investment Litigation
Lieff Cabraser attorneys Steven E. Fineman and Michael J. Miarmi serve as outside counsel for the New York City Employees’ Retirement System, Teachers’ Retirement System for the City of New York, New York City Police Pension Fund, and New York City Fire Department Pension Fund in this multidistrict litigation arising from fraud in connection with NCFE’s issuance of notes backed by healthcare receivables.
The New York City Pension Funds suffered approximately $89 million in losses resulting from the massive NCFE fraud. Having successfully resolved their claims against numerous parties, the Funds maintain claims against several NCFE founders. To date, the Funds have recovered approximately 70% of their losses, primarily through settlements achieved on their behalf by Lieff Cabraser.
Practice Areas
Securities Brochure
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Read a copy of our Securities Practice Area Brochure.