When a publicly traded company issues false and misleading statements about the company's financial performance and operations or in the alternative through fraudulent accounting practices or omissions deprives the general public of knowledge necessary to make educated and informed decisions about the company it constitutes securities fraud.  Civil securities fraud, also known as investment fraud, is a practice where investors are deceived and manipulated by the company resulting in economic loss. Recent examples of securities fraud include the Enron and Worldcom scandals which caused financial ruin for many investors.  Securities fraud class actions are brought under the Private Securities Litigation Reform Act of 1995 (the “PSLRA”).  Shareholders as class members operate under a theory that the fraud undertaken by the company served as a fraud on the entire market and therefore the remedy is best pursued through the class action vehicle rather than in the form of individual claims by millions of shareholders.

If you would like us to investigate your claim, contact our office for assistance.