Born during the Depression, my early mentor in securities litigation once lamented, "I hate good times; good times hide fraud." Accordingly, at the beginning
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In the comedy film "Dumb and Dumber," the two main characters, played brilliantly by Jim Carrey and Jeff Daniels, trek across the country to return a briefcase they believe
In the comedy film "Dumb and Dumber," the two main characters, played brilliantly by Jim Carey and Jeff Daniels, trek across the country to return a briefcase that
In a unanimous opinion in Gabelli v. Sec. & Exch. Comm'n, No. 11-1274 (U.S. Feb. 27, 2013) the U.S. Supreme Court held that the five-year limitations period that governs S.E.C. enforcement actions begins
Late last year, the 2nd U.S. Circuit Court of Appeals in New York ruled against Goldman Sachs in its attempt to limit those represented in MBS class actions. The Court ruled that a union pension fund appropriately
In a 6-3 decision in February, the Supreme Court ruled for investors in the class-action case Amgen Inc. v. Connecticut Retirement Plans and Trust Funds, No. 11- 1085. The question in the case was
In one of the most stinging criticisms of the Securities and Exchange Commission (S.E.C.) in recent years, Columbia University Professor John C. Coffee, Jr., has now called upon the S.E.C. to hire plaintiffs
Sometimes the federal securities laws are simply inadequate. This is especially true when the lawyers, auditors or bankers – the gatekeepers – turn a blind eye. Under the federal securities laws, aiders
Reminiscent of the Supreme Court's decision in Morrisson v. National Australia Bank, we are disappointed by the Southern District of New York's recent decision narrowly reading the Securities Exchange
Materiality Need Not Be Proven at Class Certification Stage In a 6-3 decision in February, the Supreme Court ruled for investors in the class-action case Amgen Inc. v. Connecticut Retirement Plans and Trust Funds, No. 11- 1085. The question in the case was whether plaintiffs in securities fraud cases should be required to prove that the defendant had made a material misstatement be
Many clients have investments tied to Libor, which was allegedly manipulated by the big banks over the last several years. Many who suffered losses from this well-reported and seemingly well-documented
Attorney Steve W. Berman, managing partner and co-founder of Seattle-based Hagens Berman Sobol Shapiro LLP, was today named one of the 100 Most Influential Lawyers
Steve Berman has been ranked as one of the top lawyers in the nation in LawDragon's seventh annual LawDragon 500 guide. The list serves to recognize
We enjoyed and concurred with this list from MarketWatch writer Quentin Fottrell--- these are some of the many reasons we are here to represent investors. The SEC will never tell you: "We will never
Steve Jobs, the technology pioneer and former CEO of Apple, was well known for believing the normal rules simply did not apply to him. While this attitude undoubtedly had much to do with his ability
Greg Smith did something not too many of our best and brightest do – he walked away from 12 lucrative years at Goldman Sachs and published a tell-all piece exposing the cynicism with which Goldman Sachs
Two proxy seasons have taken place since Dodd-Frank became law, and while it is true a board may ignore the advisory vote, experience now shows the board does
For the fourth consecutive year and the sixth time overall, plaintiffs' law firm Hagens Berman Sobol Shapiro, LLP has been named to the prestigious National Law Journal's
Court Selects Hagens Berman as Lead Counsel in E-books Case. A federal judge has appointed Hagens Berman lead counsel in a case alleging e-book publishers conspired with Apple to fix e-book prices. The complaint
Steve W. Berman is managing partner of Hagens Berman. He co-founded the firm in 1993. Securities litigation has increased dramatically in complexity in recent years. Institutional investors have been forced to adapt
