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Tenaciously Fighting to Maximize the Recoveries of Our Clients’ Investment Losses

For more than 25 years, Glancy Prongay & Murray LLP has been at the forefront of private enforcement of the securities laws. Our securities lawyers have successfully litigated complex securities fraud cases in federal and state courts throughout the country against some of the largest companies in the world. In so doing, our attorneys have recovered billions of dollars for our institutional and individual clients. Although we typically represent shareholders in class action litigation, we also represent clients in private direct actions, as well as in derivative litigation.

Our faith in our ability to obtain outstanding results for our clients is highlighted by the fact that almost all of our cases are handled on a contingency fee basis. This means that Glancy Prongay & Murray assumes the risks of litigation, and we don’t get paid unless we are successful. As such, we are partners with our clients and only pursue cases in which we believe our client has a valid claim. 

Please see Notable Recoveries to learn more about some of the firm’s many recoveries on behalf of investors and Judicial Accolades to see what Judges have had to say about the firm and its attorneys.

Only a Skilled Securities Lawyer Can Recover the Most Damages in Fraud and Malfeasance Claims

A century ago, the prevailing rule governing securities was caveat emptor, or “buyer beware.” To stabilize the stock market following the 1929 crash, Congress enacted the Securities Act of 1933, referred to as the “truth in securities act,” and the Securities Exchange Act of 1934. These laws are based on a full disclosure philosophy and are designed to provide investors with complete and accurate information so that they can make fully informed investment decisions. To enforce this full disclosure policy, Congress also provided for a private right of action that allows investors who have suffered harm as the result of the dissemination of false and misleading information to file civil lawsuits to recover their damages. In this way, investors help to enforce the securities laws. Indeed, the U.S. Supreme Court “has long recognized that meritorious private actions to enforce federal antifraud securities laws are an essential supplement to criminal prosecutions and civil enforcement actions brought, respectively, by the Department of Justice and the Securities and Exchange Commission.” Tellabs, Inc. v. Makor Issues & Rights, Ltd., 551 U.S. 308, 313 (2007). 

Whereas the 1933 and 1934 Acts offered investors greater protections, the passage of the Private Securities Litigation Reform Act of 1995 (“PLRSA”) and other laws have made filing and prevailing on securities fraud lawsuit far more difficult.  As former Supreme Court Justice Sandra Day O’Connor has recognized, “[t]o be successful, a securities class action plaintiff must thread the eye of a needle made smaller and smaller over the years by judicial decree and congressional action.” See Alaska Elec. Pension Fund v. Flowserve Corp., 572 F.3d 221, 235 (5th Cir. 2009). Thus, if investors who have suffered losses as the result of fraud and other malfeasance are going to initiate a lawsuit and maximize their recovery, it is imperative that they retain highly-skilled advocates who fully understand the securities laws and the most efficient and effective pathway to victory. As numerous judges have recognized, Glancy Prongay & Murray is that firm. 

GPM’s securities attorneys have extensive experience investigating and initiating new securities fraud cases, as well as surmounting the barriers raised by the PSLRA and the top-notch defense counsel employed by wealthy corporate and individual defendants. Indeed, our attorneys have repeatedly secured significant recoveries for individual and institutional investors from some of the biggest corporations in the world, including Goldman Sachs, Wells Fargo, Fannie Mae, Yahoo!, Citigroup and Bank of America. Once we take a case, we relentlessly fight to secure the best possible results for our clients. We are not afraid of any company or defense counsel, and we are willing to risk our own capital on behalf of our clients. This risk-sharing business model enables our clients to secure top-flight legal representation and to pursue high-stakes litigation that might otherwise be cost prohibitive. It is this attorney-client partnership that is the hallmark of Glancy Prongay & Murray, and a cornerstone of its success. To speak with a highly qualified securities lawyer from our firm, complete our contact form or call one of our New York or California offices. 

Portfolio Monitoring

GPM recognizes the enormous task of monitoring a large portfolio. Yet, early detection can often mitigate the level of damages caused by fraud or negligence. For this reason, our firm offers portfolio monitoring services that help you to protect your investment and take immediate action should a problem occur.

Contact a Dedicated Securities Lawyer at Glancy Prongay & Murray LLP

To learn whether you have a securities fraud claim after suffering investment losses, contact Glancy Prongay & Murray LLP today. A securities lawyer at our firm can provide you with a free consultation and claims analysis.

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Court Recognition

“And without question, the Court is of the opinion that the value of benefit that’s been conferred to the class is extremely sizable and that this Court is certainly aware that the skill and efficiency of plaintiff’s counsel is what attributed to this settlement, and they are learned securities counsel. The Court is mindful of that, and as a result they were able to sort of weed their way through the complex issues in this case, and also to bring this about — bring about a settlement rather in short order as these matters go. So the Court certainly attributes that to counsel’s skill and efficiency, as well as the ability to work with the adversaries in this matter.”

–Hon. Susan D. Wigention, U.S. District Judge, District of New Jersey

“Class Counsel has conducted the litigation and achieved the Settlement in good faith and with skill, perseverance and diligent advocacy”

— Hon. Donovan W. Frank, U.S. District Judge, District of Minnesota

“The court finds that the Settlement Fund… created by Class Counsel is an exceptional result… The settlement is significantly above the average securities class action settlement when measured as a percentage of losses recovered… The court finds that Class Counsel, particularly Co-Lead Counsel, exerted tremendous effort on behalf of the class in the prosecution of this action… The Court finds that Class Counsel skillfully prosecuted this action, particularly given that this case was unusually complex relative to most securities fraud class actions. ”

–Hon. Dickran M. Tevrizian (Ret.), U.S. District Court Judge, Central District of California

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