Investor Fraud

Sound investment decisions can only be made when you have full disclosure of accurate information. No money manager, retirement fund or individual investor should suffer undue risk or incur losses due to misrepresentations related to the investment at issue.

We represent investors under the federal securities laws and other investor-protection statutes created to recover funds lost due to fraudulent representations made to investors.

Securities Litigation

Our securities practice seeks to advise clients on both individual and class-action cases under the federal securities laws. We work for investors impacted by poor corporate governance, breach of fiduciary duties, or a failure of good faith, fair dealing or loyalty. The firm vigorously pursues fraud recovery litigation, forcing corporate officers, directors and fund managers to answer to their investors. We have recovered hundreds of millions of dollars in losses for individuals and institutions through securities litigation.

Hagens Berman has represented investors in securities litigation against some of the nation’s largest corporations. For instance, the firm was recently appointed lead counsel in a case representing Bank of America shareholders following a plunge in the banking giant’s stock price when it disclosed a $10 billion lawsuit threat from American International Group (AIG).

One of our proudest cases in this area was the Charles Schwab Securities Litigation where we recovered 45 percent and 82 percent of investor losses for two different classes, totaling $245 million. Recoveries equal to such high percentages of losses are rare, and our competitors often settle for pennies on the dollar rather than what investors deserve.

Our securities litigation web site is located at www.hb-securities.com.

Investor Fraud Cases and Investigations

Click on the table headers to sort by Case, Date, Status or Court.
Case Date Status Court
Tesco PLC Oct 7, 2014 Investigation
SeaWorld Entertainment, Inc. Oct 1, 2014 Investigation
Santander Consumer USA Holdings Inc. Sep 3, 2014 United States District Court, Southern District of New York
Galectin Therapeutics, Inc. Aug 22, 2014 United States District Court, District of Nevada
Ocwen Financial Corp. Aug 22, 2014 Investigation United States District Court, Southern District of Florida
The Bancorp, Inc. Aug 21, 2014 United States District Court District of Delaware
Impax Laboratories Aug 20, 2014 United States District Court, Northern District of California
DreamWorks Animation Aug 20, 2014 Active United States District Court, Central District of California
Lions Gate Entertainment Corp. Aug 19, 2014 Investigation U.S. District Court, Southern District of New York
L-3 Communications Holdings Inc. Jul 31, 2014
Powersecure Jul 18, 2014 U.S. District Court for the Eastern District of North Carolina
LGF Jul 16, 2014 Investigation U.S. District Court for the Southern District of New York
PGEM Jun 3, 2014 Investigation U.S. District Court for the Southern District of New York
MagnaChip Mar 31, 2014 Investigation
Geron Mar 31, 2014 Investigation
InnerWorkings Mar 31, 2014 Investigation
Galena Mar 19, 2014 Investigation U.S. District Court, District of Oregon
Aegerion Feb 24, 2014 Investigation U.S. District Court, District of Massachusetts
Nu Skin Jan 28, 2014 U.S. District Court, District of Utah
Fannie Mae / Freddie Mac Jun 11, 2013 Active United States Court of Federal Claims
Spectrum Pharmaceuticals, Inc. Mar 21, 2013 Active U.S. District Court, Nevada
Zillow, Inc. Nov 30, 2012 Investigation U.S. District Court for the Western District of Washington
Mantria Securities Nov 15, 2012 Active U.S. District Court - District of Colorado
Gold Resource Corp. Nov 13, 2012 Active U.S. District Court, District of Colorado
Groupon Apr 16, 2012 Active U.S. District Court, District of Northern Illinois
JP Morgan - Madoff Lawsuit Nov 7, 2011 Settled U.S. District Court, Southern District of New York
Bank of America Securities Aug 30, 2011 Active U.S. District Court, New York, NY
North American Company For Life And Health Insurance May 25, 2011 Active U.S. District Court, District of Northern Illinois
China MediaExpress (CCME) Mar 17, 2011 Active U.S. District Court for the Southern District of New York
Life Partners Holdings, Inc. Jan 25, 2011 Active U.S. District Court, District of Texas
PGEC Oct 18, 2010 Active Superior Court, California
Sterling Financial Corp. Jan 11, 2010 Settled U.S. District Court, District of Eastern Washington
Variable Life Insurance Company (VALIC) Dec 21, 2009 Active U.S. District Court, District of Arizona
Venture Financial Group, Inc. Dec 16, 2009 Active U.S. District Court, Seattle, WA
Oppenheimer Core Bond Fund Aug 12, 2009 Active U.S. District Court, California, CA
Oppenheimer Champion Income Fund Feb 24, 2009 Settled U.S. District Court, District of Colorado
EquiTrust Life Insurance Company Jan 12, 2009 Active U.S. District Court, Arizona
Tremont Group Holdings Dec 23, 2008 Settled U.S. District Court, New York
Reserve Yield Plus Funds Nov 25, 2008 Active U.S. District Court, Southern District of New York
Schwab - YieldPlus Funds Mar 18, 2008 Settled U.S. District Court, District of Northern California
Washington Mutual ERISA Nov 29, 2007 Settled U.S. District Court, Western District of Washington
General Motors ERISA May 13, 2005 Settled U.S. District Court, Eastern District of Michigan
Argentine Bonds Litigation Jun 28, 2004 Active District Court, New York
Enlaces De Argentina Jun 28, 2004 Active U.S. District Court, New York, NY
Legami Dell Argentina Jun 28, 2004 Active U.S. District Court, New York, NY
Montana Power Company Sep 12, 2002 Settled U.S. District Court, District of Montana
Enron Apr 9, 2002 Settled U.S. District Court, Houston, TX
Boeing Settlement Oct 31, 1997 Settled U.S. District Court, Western District of Washington, WA
Boston Chicken Jul 28, 1997 Settled State District Court, Colorado, CO

'Date' refers to the date of a settlement, the date an investigation started, or the date a case was filed.