Let a Securities Litigation Lawyer Help With Your Investment Fraud Claim
Securities laws give investors important protections against a wide range of fraudulent behavior by businesses and executives. Whether it is through misinformation and accounting manipulation or Ponzi and pump and dump schemes, there are a number of ways in which fraudsters seek to get over on investors. Securities laws are an important tool for people and companies that have been impacted to recover their money.At Glancy Prongay & Murray, each securities litigation lawyer has a track record of success on behalf of individual and institutional clients. For years, our firm has been fighting to help clients hold fraudsters accountable through class action and other types of lawsuits. Last year alone, our securities attorneys recovered $182 million in settlement money for clients.
Our firm has the resources and experience necessary to help investors take on large companies. We often handle securities cases on a contingency fee basis. That means we do not get paid unless our clients do.
There is seemingly no end to the way in which some companies will resort to deceit and misinformation to defraud investors. Below are some of the most common forms of securities fraud:
- Accounting Manipulation: Some companies use slippery accounting methods to try to make themselves more attractive to investors. That often includes inflating or exaggerating revenue.
- Misappropriation of Corporate Funds: Corporate officials and board members often have broad access to company money. They are banned from using it for their own personal gain or for any purpose that has not been authorized.
- Ponzi Schemes: These “house of card” arrangements commonly involve promises of big returns. New investments are typically used to pay off earlier investors to maintain the façade of profitability, leaving later investors holding the bag.
- Pumping and Dumping: These scams happen when someone artificially inflates the price of a stock with false or incomplete information about the company. The stock promoter usually then sells the stock at a price above the market value before it inevitably takes a dive.
- Insider Trading: Corporate officials and others are banned from using private information about their companies to trade stocks for their own personal gain.
Securities Class Actions
Class actions are a common and efficient way to handle investment fraud claims These are collective lawsuits in which a group of individuals or entities join together in a single legal action against alleged wrongdoers.
There are several benefits to pursuing a class action rather than taking a securities fraud case through individual litigation. A class action allows class members to spread the legal costs across the entire group. It also gives people leverage by joining their claims together, regardless of the amount each individual has lost.
A seasoned securities litigation lawyer can help you weigh your rights and options, including whether to lead or participate in a class action.
Speak With a Securities Litigation Attorney Today
If you or a loved one has been the subject of securities fraud, it is important to seek counsel from an experienced securities litigation lawyer.
At Glancy Prongay & Murray, our attorneys have been representing individuals in securities, consumer and other fraud cases for more than 25 years. We have a strong track record of success in these cases. Call us at (310) 201-9150 or contact us online to speak with an attorney today.