Securities Class Action Litigation
Brodsky & Smith, LLC currently represents investors from all over the world, including Belgium, Canada, England, France, Germany, Ireland, Israel, Japan, Saudi Arabia, Spain, Sweden, Switzerland, United Arab Emirates and the United States in over three hundred (300) class action securities cases pending in various federal courts in the United States.
Securities class action litigation involves the assertion of the rights of investors in companies whose management allegedly is in violation of United States federal securities laws, including the Securities and Exchange Acts of 1933 and 1934 and the Sarbanes Oxley Act of 2002. These matters are initiated in order to recover damages suffered by investors when a corporation or its management has misrepresented (or failed to disclose) important facts about the business or financial condition of the corporation which allegedly had the effect of making the price of the security higher than it would otherwise have been.
The firm currently serves as lead counsel in In re Ryland Group, Inc. Securities Litigation pending in the Northern District of Texas (3:04-CV-541-B). The firm also represents numerous investors in the various class action complaints in the In re IPO Securities Litigation (2001) pending in the United States District Court of New York. These lawsuits allege violations of securities law against hundreds of issuers and their underwriters involving fraud and conspiracy to artificially inflate the price of initial public offerings in the late 1990’s. The firm has assisted lead counsel and its executive committee in several areas including factual investigation, legal research, preparing and revising the amended consolidated complaints, document reviewing and discovery matters. This litigation has settled with the Issuing Company Defendants for an aggregate amount of $1 Billion Dollars, and continues to be prosecuted against all other Defendants including the investment bank Defendants.
If you are aware of or suspect any practices that are or may be in violation of the securities laws, occurring now or at some time in the past, please contact us via phone at toll free 877-LEGAL90 (877-534-2590), by email at email@example.com or by visiting our report a fraud link. Please also view our current case list on our site.