SECURITIES & FINANCIAL FRAUD
Returning value to investors and upholding the integrity of the market
Securities and investment fraud can occur as the result of material misrepresentations and omissions, fraudulent transactions, accounting irregularities, stock option backdating, and massive Ponzi schemes. Lieff Cabraser represents investors across America in class, direct (opt-out), derivative, and other actions. Our clients are public pension funds, union funds, and non-public institutional investors including mutual funds, as well as high net-worth and individual investors.
Current Securities Fraud Investigations
Remarkable recoveries, principled advocacy
Lieff Cabraser securities attorneys have tried two federal securities class actions to jury verdicts, prevailing in both, including a $170 million verdict. Working with co-counsel, we have achieved verdicts, judgments, and settlements in excess of $2.1 billion for our clients in securities and investor fraud cases.
Driven by a strong sense of social responsibility, our attorneys uphold the highest standards of professional behavior. In each case we litigate, we seek to obtain the maximum recovery under the law for our clients and to promote greater corporate responsibility and enhance the integrity of the marketplace for all investors.
Comprehensive services
In addition to litigation, we offer, without charge, investment portfolio monitoring, expert case evaluation, recoverable damages assessments, and corporate governance advice. Our sophisticated, web-based, client-accessible tracking system enables us to quickly identify and calculate any losses suffered by our clients.
Selective, trial-ready, and possessing an outstanding reputation
We vigorously investigate securities and investment fraud cases on behalf of our clients without charge to them. We recommend litigation only when liability is clear and damages are substantial and recoverable.
We assume every case we litigate may proceed to trial and prepare accordingly. This approach enables us to recover a higher percentage of losses for our clients than is typical in securities and financial fraud cases. As a result, one U.S. District Court Judge observed that Lieff Cabraser “is one of the foremost law firms in the country in both securities law and class actions.” Lieff Cabraser also serves as co-chair of the Securities and Financial Fraud Litigation Group of the American Association for Justice.
Lieff Cabraser’s Securities & Financial Fraud Cases
Current Cases
| Case | Allegation |
|---|---|
| BofI Holding, Inc. | Securities fraud |
| Danske Bank A/S | Securities fraud |
| Discover Financial Services | Securities fraud |
| Emergent | Securities fraud |
| FirstEnergy Corp. | Securities fraud |
| Fox Corporation Shareholders Derivative Litigation | Securities fraud |
| Perrigo Company plc | Securities fraud |
| Steinhoff International Holdings N.V. | Securities fraud |
| Tesla Shareholders Derivative Litigation | Securities fraud |
| Valeant Pharmaceuticals International, Inc. | Securities fraud |
Successes
| Case | Result |
|---|---|
| First Capital Holdings | Settlement valued at $1 billion |
| Bank of New York Mellon Corp. | $335 million class settlement |
| State Street | $300 million settlement |
| Wells Fargo & Co. Shareholder Derivative Litigation | $240 million settlement |
| The Boeing Company Shareholder Derivative Litigation | $237.5 million settlement |
| Broadcom | Settlements valued at $197.5 million |
| Scorpion Technologies | $170 million jury verdict |
| McKesson HBOC | $145 million settlement |
| Informix/Illustra | $136 million settlement |
| Diamond Foods | Settlement valued at $127.3 million |
| Bank of New York Mellon ADRs | $72.5 million settlement |
| AXA Rosenberg | $65 million settlement |
| Tyco International | $54 million settlement |
| Princeton Notes | $50 million settlement |
| Peregrine | $45 million settlement |
| Cablevision | $34.4 million settlement |
| FPI/Agretech | $32 million settlement |
| California Micro Devices | $31 million settlement |
| Media Vision | $31 million settlement |
| Network Associates | $30 million settlement |
| BofI Holding, Inc. | $14 million settlement |
| FundAmerica | $13 million settlement |
| Brooks Automation | $7.75 million settlement |
| Petrobras | Confidential settlement |
| American International Group | Confidential settlement |
| Celera Corporation | Confidential settlement |
| AOL Time Warner | Clients recovered 50 times what they would have received in a class case |
| Bank of America Merrill Lynch Merger | Confidential settlements |
| Alex.Brown Securities | Confidential settlement |
| Qwest Communications | Clients in these direct actions recovered 13 times more than the recovery they would have otherwise received in class litigation |
| National Century | Settlements valued at over 70% of client's $89 million in losses |
Contact us
We will review your claim without fee or obligation. Lieff Cabraser agrees to protect your name and all confidential information you submit against disclosure, publication or unauthorized use to the full extent under the law.
