Glancy Prongay & Murray Among Nationwide Leaders in Securities Class Actions

Fri 5th Jul 2019 | Posted by Glancy Law, on News

We are pleased to announce that Glancy Prognay & Murray has once again been cited as a leader in securities class action litigation.

The firm was among the top five plaintiffs law firms in the amount of settlement money it obtained for clients and in the top three for the total number of class actions filed. Our lawyers recovered $182 million in settlement money for clients in 2018. That came across settlements in 12 different class actions.

Overall, companies paid some $5 billion to settle class actions during the course of the year, according to data compiled by Cornerstone Research. Five of those settlements were for more than $100 million apiece. A total of 403 federal securities class were filed last year.

Class Actions for Securities Fraud

At Glancy Prognay & Murray, our securities lawyers are dedicated to helping institutional and individual investors who have been ripped off by banks, brokers and corporations. Whether it’s the result of misinformation, accounting manipulation, Ponzi schemes, insider trading, broker misconduct, or other wrongdoing, fraud victims have the right to seek compensation from those responsible.

There are a number of legal tools that you can pursue to try to get your money back and make sure that the perpetrators are held responsible for the crime. That includes by joining a securities class action. These lawsuits allow large groups of people to join together to seek compensation for securities and other forms of fraud.

There are several benefits that come with pursuing a class action, rather than individual litigation. First, a class action allows class members to spread the legal costs across the entire class. In addition, a class action gives people leverage by joining their claims together, regardless of the amount each individual has lost.

Class members who want to be directly involved in the litigation can seek designation as a “class representative.” Those who want to opt out of the class action can do so by petitioning the court. An investor considering opting out is well advised to consult an experienced attorney before making that decision.

Speak With a Securities Lawyer Today

If you or a loved one has been the subject of securities fraud, it’s important to seek the counsel of an experienced securities lawyer. An attorney can help you weigh your rights and options, including whether to join a class action, seek to be named a class representative, or opt out and pursue a separate action.

At Glancy Prongay & Murray, our securities lawyers have been representing people in securities, consumer and other fraud cases for more than 25 years. We have a strong track record of success in these cases, including through multimillion-dollar settlements. Call us at (310) 201-9150 or contact us online to speak with an attorney today.