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
EZCORP, Inc. Jul 27, 2015 Investigation U.S. District Court for the Western District of Texas
LifeLock Securities Jul 24, 2015 Investigation U.S. District Court for the District of Arizona
Diageo Jul 24, 2015 Investigation
Nationstar Mortgage Holdings Inc. Jul 21, 2015 Investigation U.S. District Court for the Southern District of Florida
Braskem S.A. Jul 20, 2015 Investigation U.S. District Court for the Southern District of New York
AirMedia Group, Inc. Jul 7, 2015 Investigation U.S. District Court for the Southern District of New York
IsoRay, Inc. Jun 11, 2015 Active U.S. District Court for the Eastern District of Washington
CHC Group Ltd. Jun 2, 2015 Investigation U.S. District Court for the Southern District of New York
Aerie Pharmaceuticals Inc. May 26, 2015 Investigation U.S. District Court for the District of New Jersey
Trinity Industries Inc. May 12, 2015 Investigation U.S. District Court for the Northern District of Texas
Cellular Biomedicine May 7, 2015 Investigation U.S. District Court for the Northern District of California
Youku Tudou, Inc. Apr 15, 2015 Investigation U.S. District Court for the Southern District of New York
TCP International Holdings Ltd. Apr 9, 2015 Investigation U.S. District Court for the Southern District of New York
Chemical & Mining Co. of Chile Inc. Mar 26, 2015 Investigation U.S. District Court for the Southern District of New York
ACADIA Pharmaceuticals, Inc. Mar 23, 2015 Investigation U.S. District Court for the Southern District of California
Bridgepoint Education Inc. Mar 19, 2015 Investigation U.S. District Court for the Southern District of California
Alibaba Group Holding Ltd. Feb 5, 2015 Investigation U.S. District Court, S.D.N.Y.
InvenSense, Inc. Jan 9, 2015 Investigation U.S. District Court for the Northern District of California
Fannie Mae / Freddie Mac Jun 11, 2013 Active United States Court of Federal Claims
Mantria Securities Nov 15, 2012 Settled U.S. District Court - District of Colorado
Gold Resource Corp. Nov 13, 2012 Active U.S. District Court, District of Colorado
Groupon Dec 4, 2011 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
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 Settled 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 Settled U.S. District Court, California, CA
Oppenheimer Champion Income Fund Feb 24, 2009 Settled U.S. District Court, District of Colorado
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
Legami Dell Argentina Jun 28, 2004 Active U.S. District Court, New York, NY
Enlaces De 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 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.