Securities Fraud

Understanding the financial recklessness involved in security fraud, Saltz Mongeluzzi Barrett & Bendesky's securities fraud attorneys are committed to policing the U.S. financial markets.

Federal and state securities laws allow investors to sue for damages caused by fraud in the marketing or illegal sale of securities. These laws are designed to protect investors by requiring full and fair disclosure of all material facts about public companies. A company may be guilty of securities fraud if it:

  • Attempts to inflate its share price by making false or misleading statements to analysts, brokers or investors
  • Attempts to secure higher profits by hiding bad results through improper accounting practices

Proven Results

Simon Bahne Paris, the head of  SMBB's team of securities fraud attorneys, has helped secure multi-million dollar settlements for victims of securities fraud in Pennsylvania, New Jersey and throughout the United States, including:

  • $84 million valued derivative settlement for the benefit of Abbott Laboratories' shareholders
  • $78 million settlement for shareholders' of VeriSign Corp.

Securities Fraud Experience

When clients have lost money in a securities case, SMBB's team of securities fraud attorneys identifies the officers, directors, accountants, bankers or brokers who knew about the alleged misconduct but failed to report or correct it. Our attorneys prove who was supposed to be responsible for keeping their clients safe from financial misconduct, fraud or theft.

The Private Securities Litigation Reform Act of 1995 specifically encourages institutional investors to protect the assets held for their beneficiaries and other investors by serving as lead plaintiffs in securities class actions. When those institutions - such as pension or health and welfare funds - invest in publically traded companies that fail to perform their duties with integrity and loyalty to their investors and beneficiaries, SMBB's skilled securities fraud attorneys file suit on behalf of their victims.

Derivative actions are lawsuits in which shareholders allege a breach of fiduciary duties against a company's officers or directors in the name of the company.

These claims include allegations against company officers or directors engaged in self-dealing, or who sold assets to an officer or director for less than fair market value.

If a derivative action is successful, it is resolved in favor of the company against its officers or directors.  Successful derivative actions pursued by SMBB securities fraud attorneys also have also resulted in corporate governance changes, thus preventing future misconduct, and increased shareholder value.

In a climate of unstable and untrustworthy economics, Saltz, Mongeluzzi, Barrett & Bendesky is committed to obtaining all the results investors need and deserve. If you feel you have been victimized by securities fraud, contact our securities fraud attorneys today to learn how we can help.