Lieff Cabraser Files Securities Fraud Lawsuit on Behalf of Fund Investors Against FirstEnergy Corp. Alleging Illegal Bribery and Money-Laundering Scheme

Revelations of the unlawful conduct in July 2020 and thereafter caused the value of the funds’ investments in FirstEnergy stock to decline significantly On December 17, 2021, Lieff Cabaser filed a lawsuit on behalf of certain MFS Funds against FirstEnergy Corp. and certain of FirstEnergy’s senior officers and directors for violations of the Securities Act

2021-12-27T18:50:08+00:00December 24th, 2021|Securities Fraud|

Bank of the Internet (BOFI) Securities Fraud Lawsuit Plaintiffs Win Class Certification in 7-Year-Old Case

As reported by Law360, U.S. District Judge Gonzalo P. Curiel has granted certification to a class of investors represented by Lieff Cabraser who sued BofI federal bank in 2015 for alleged securities fraud which led to the company’s stock plummeting 47%. Investors in BofI, now known as Axos Bank, asserted that confidential witnesses would testify

2021-10-04T22:45:45+00:00August 24th, 2021|Securities Fraud|

Lieff Cabraser Files Brief as Counsel for Amici Curiae in Support of Plaintiff Investors in Securities Class Action Against Goldman Sachs

On March 3, 2021, Lieff Cabraser and Schnapper-Casteras PLLC filed an amicus brief in the Second Circuit Court of Appeals on behalf of two former U.S. Securities and Exchange Commission Chairs, four former SEC Commissioners, and numerous other former SEC officials, all voicing support of a class of investors fighting to remain certified in a

2021-05-10T23:21:41+00:00March 5th, 2021|Amicus, Securities Fraud|

Ninth Circuit Court Reverses Dismissal of Bank of Internet (BofI) Securities Fraud Class Action

The Ninth Circuit Court of Appeals has reversed the District Court’s dismissal of the securities fraud class action lawsuit against BofI Federal Bank after finding that a related whistleblower suit and accounts by numerous other former employees, adequately pleaded fraud and scienter on the part of the Bank and its CEO.

2020-10-09T12:42:21+00:00October 9th, 2020|Securities Fraud|

$320M Wells Fargo Derivative Suit Settlement Granted Final Approval

U.S. District Judge Jon S. Tigar of the Northern District of California has issued an order granting final approval to a $320 million settlement that will end shareholders’ derivative litigation relating to Wells Fargo’s unfair sales practices and its widespread fake accounts scandal. Plaintiffs in the suit, including the Fire & Police Pension Association of

2020-04-08T13:45:41+00:00April 8th, 2020|Securities Fraud|

Daniel Chiplock Co-Authors Piece in Support of the SEC’s Continued Use of Disgorgement for the Harvard Law School Forum on Corporate Governance

Lieff Cabraser partner Daniel P. Chiplock, along with Tyler Gellasch of the Healthy Markets Association and Andy Green of the Center for American Progress, wrote a piece published by the Harvard Law School Forum on Corporate Governance in support of the Securities & Exchange Commission’s continued ability to compel disgorgement as a remedy in financial

2020-02-03T14:15:52+00:00February 3rd, 2020|Firm News, Securities Fraud|

Lieff Cabraser Files Amicus Brief in U.S. Supreme Court Supporting the SEC’s Ability to Seek Disgorgement of Gains from Securities Law Violations in Federal Court

Lieff Cabraser today filed an amicus brief in the U.S. Supreme Court arguing for the importance of the ability of the Securities and Exchange Commission to continue to seek disgorgement of the gains from securities law violations in federal court in order to effectively deter securities fraud and promote the public policies that form the

2020-01-22T08:17:51+00:00January 22nd, 2020|Amicus, Securities Fraud|

Plaintiffs Provide Notice to Wells Fargo Shareholders of $320 Million Settlement of Wells Fargo Shareholder Derivative Litigation

San Francisco—(BUSINESSWIRE)–IN RE WELLS FARGO & COMPANY SHAREHOLDER DERIVATIVE LITIGATION, Lead Case No. 3:16-cv-05541-JST (N.D. Cal.) TO: ALL RECORD AND BENEFICIAL OWNERS OF WELLS FARGO & COMPANY COMMON STOCK AS OF FEBRUARY 26, 2019 (THE “RECORD DATE”), WHO CONTINUE TO OWN SUCH SHARES (“WELLS FARGO SHAREHOLDERS”) YOU ARE HEREBY NOTIFIED, that pursuant to an Order

2019-05-21T15:09:17+00:00May 21st, 2019|Securities Fraud|

$320M Wells Fargo Derivative Suit Settlement Granted First Round of Approval

A California federal judge has granted preliminary approval to a proposed $320 million settlement that would end shareholders’ derivative litigation relating to Wells Fargo’s fake accounts scandal. Plaintiffs in the suit, including the Fire & Police Pension Association of Colorado and the City of Birmingham Retirement and Relief System allege that since at least 2011, the

2019-05-15T13:55:29+00:00May 15th, 2019|Securities Fraud|

Lieff Cabraser to Proceed with Lawsuit in Denmark for Money Laundering Fraud Against Danske Bank

Lieff Cabraser, working with an international coalition of law firms including Danish law firm Németh Sigetty, will proceed with a lawsuit against Danske Bank A/S (“Danske” or the “Bank”) to pursue compensation for damaged investors after revelations of alleged money laundering, financial mismanagement, and deficient regulatory disclosures.

2018-11-20T15:31:07+00:00November 20th, 2018|Securities Fraud|

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