Investor Fraud

Hagens Berman has recovered hundreds of millions of dollars for institutional and individual investors defrauded by unscrupulous management of publicly held corporations.

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.

Hagens Berman is a leading provider of specialized securities litigation services to public, private and Taft-Hartley pension funds. We offer proprietary and unparalleled asset protection and recovery services to both foreign and domestic institutions. Our institutional services provide participants with the ability to identify, investigate and react to potential wrongdoing by companies they invest in. 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

Hagens Berman represents shareholders in securities and financial fraud cases and is one of the nation’s leading firms in this area. Securities litigation has been one of the cornerstones of Hagens Berman’s practice since the inception of our firm. We have recovered hundreds of millions of dollars for institutional and individual investors defrauded by unscrupulous management of publicly held corporations. 

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.

Hagens Berman has represented investors in securities litigation against some of the nation’s largest corporations. For instance, the firm was 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.

Hagens Berman is currently involved in active securities litigation in a number of cases in various jurisdictions throughout the United States. Many securities firms settle early for a very small percentage, often less than five percent, of investors’ losses. Hagens Berman prosecutes cases with the goal of obtaining the greatest recovery possible, and has settled cases or obtained verdicts equal to a much greater percentage of losses.

Investor Fraud Cases and Investigations:

Cornerstone 11/04/11 Investor Fraud Settled
Denver Employee Retirement Plan (DERP) 01/16/15 Investor Fraud Active
Gold Resource Corp. (NYSE: GORO) 11/13/12 Investor Fraud Active
Legami Dell Argentina 06/28/04 Investor Fraud Settled
Midland National Life Insurance Company 01/05/07 Consumer Rights, Investor Fraud Active
Venture Financial Group, Inc. 12/16/09 Investor Fraud, Pension Protection Settled
Boeing 10/31/97 Investor Fraud Settled
Boston Chicken 07/28/97 Investor Fraud Settled
General Motors ERISA 05/13/05 Automotive Litigation, Employment Litigation, Investor Fraud, Pension Protection Settled
Enron 04/09/02 Investor Fraud, Pension Protection Settled
Montana Power Company 09/12/02 Investor Fraud, Pension Protection Settled
Oppenheimer Champion Income Fund 02/24/09 Investor Fraud Settled
Oppenheimer Core Bond Fund 08/12/09 Investor Fraud Settled
Schwab YieldPlus Funds 03/18/08 Investor Fraud Settled
Washington Mutual ERISA 11/29/07 Employment Litigation, Investor Fraud, Pension Protection Settled
Sterling Financial Corp. (NASDAQ: STSA) 01/11/10 Investor Fraud, Pension Protection Settled
Washington Public Power Supply System Securities Litigation - Investor Fraud Settled
JP Morgan Madoff Lawsuit 07/11/11 Investor Fraud Settled
Exchange-Traded Funds - Investor Fraud Investigation
Reserve Yield Plus Fund Investor Group (NASDAQ: RYPYX) 09/28/09 Investor Fraud Settled
Tremont Group Holdings 12/22/08 Investor Fraud Settled
Enlaces De Argentina 09/22/04 Investor Fraud Settled
Argentine Bonds 12/19/06 Investor Fraud Settled
Life Partner Holdings, Inc. (NASDAQ: LPHI) 08/15/11 Investor Fraud Active
China Media Express Holdings, Inc. (OTC: CCME) 04/05/11 Investor Fraud Active
Fannie Mae / Freddie Mac (OTC: FNMA, OTC: FMCC) 06/10/13 Investor Fraud Active
Mantria Securities 11/15/01 Investor Fraud Active
Osiris Therapeutics, Inc. (NASDAQ: OSIR) 11/23/15 Investor Fraud Settled
Theranos 11/28/16 Investor Fraud Closed
Immunomedics, Inc. (NASDAQ: IMMU) 06/06/16 Investor Fraud Active
BlackRock iShares ETF August 24, 2015 Flash Crash Litigation 06/16/16 Investor Fraud Active
ZTO Express (Cayman) Inc. (ZTO) 08/14/17 Investor Fraud Active
Rio Tinto plc (NYSE: RIO) 10/23/17 Investor Fraud Active
Tezos (XTZ) 04/24/18 Investor Fraud Active
ProShares Short VIX Short-Term Futures ETF (SVXY) - Investor Fraud Investigation
VIX Futures and VIX Options 04/30/18 Investor Fraud Active
Adient plc (NYSE: ADNT) 10/04/18 Investor Fraud Active
McKesson Derivative Litigation 04/03/17 Investor Fraud Active
Align Technology, Inc. (NASDAQ: ALGN) 12/12/18 Investor Fraud Active
PriceSmart, Inc. (NASDAQ: PSMT) - Investor Fraud Investigation
Vale S.A. (NYSE: VALE) - Investor Fraud Investigation
Astec Industries, Inc. (NASDAQ: ASTE) - Investor Fraud Investigation
Wirecard AG (OTCMKTS: WCAGY; WRCDF) - Investor Fraud Active
Corcept Therapeutics Incorporated (NASDAQ: CORT) - Investor Fraud Investigation
Amdocs Limited (NASDAQ: DOX) - Investor Fraud Investigation
Maiden Holdings Ltd. (NASDAQ: MHLD) - Investor Fraud Investigation
Molson Coors Brewing Company (NYSE: TAP) - Investor Fraud Investigation
Syneos Health, Inc. (NASDAQ: SYNH) - Investor Fraud Investigation
Kraft Heinz Company (NASDAQ: KHC) - Investor Fraud Investigation
PG&E Corporation Notes (NYSE: PCG) - Investor Fraud Investigation
Diplomat Pharmacy, Inc. (NYSE: DPLO) - Investor Fraud Investigation
Bridgepoint Education Inc. (NYSE: BPI) - Investor Fraud Investigation
Healthcare Services Group, Inc. (NASDAQ: HCSG) - Investor Fraud Investigation
Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) - Investor Fraud Investigation
NV5 Global, Inc. (NASDAQ: NVEE) - Investor Fraud Investigation
Weight Watchers International, Inc. (NASDAQ: WTW) - Investor Fraud Investigation
Inogen, Inc. (NASDAQ: INGN) - Investor Fraud Investigation
EverQuote Inc. (NASDAQ: EVER) - Investor Fraud Investigation
Boeing Company (NYSE: BA) 04/09/19 Investor Fraud Active
Venator Materials PLC (NYSE: VNTR) - Investor Fraud Investigation
iRhythm Technologies, Inc. (NASDAQ: IRTC) - Investor Fraud Investigation
American Renal Associates Holdings, Inc. (NYSE: ARA) - Investor Fraud Investigation
Swedbank AB (Other OTC: SWDBY) - Investor Fraud Investigation
FTSI International Inc. (NYSE: FTSI) - Investor Fraud Investigation (NYSE: CRCM) - Investor Fraud Investigation
Nutanix, Inc. (NASDAQ: NTNX) - Investor Fraud Investigation
Indivior PLC (OTC: INVVY) - Investor Fraud Investigation
Zogenix, Inc. (NASDAQ: ZGNX) - Investor Fraud Investigation
Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) - Investor Fraud Investigation
Lyft, Inc. (NASDAQ: LYFT) - Investor Fraud Investigation
Sprint Corporation (NYSE: S) - Investor Fraud Investigation
Apyx Medical Corporation (NASDAQ: APYX) - Investor Fraud Investigation
PetIQ, Inc. (NASDAQ: PETQ) - Investor Fraud Investigation
Cognizant Technology (NASDAQ: CTSH) - Investor Fraud Investigation
Jumia Technologies AG (NYSE: JMIA) - Investor Fraud Investigation
SailPoint Technologies Holdings, Inc. (NYSE: SAIL) - Investor Fraud Investigation
A.O. Smith Corporation (NYSE: AOS) - Investor Fraud Investigation
AAC Holdings, Inc. (NASDAQ: AAC) - Investor Fraud Investigation
Verint Systems Inc. (NASDAQ: VRNT) - Investor Fraud Investigation
Symantec Corporation (NASDAQ: SYMC) - Investor Fraud Investigation
Livent Corporation (NYSE: LTHM) - Investor Fraud Investigation
First American Financial Corp. (NYSE: FAF) - Investor Fraud Investigation
Momo Inc. (NASDAQ: MOMO) - Investor Fraud Investigation
Zuora, Inc. (NYSE: ZUO) 06/14/19 Investor Fraud Active
FleetCor Technologies (NYSE: FLT) - Investor Fraud Investigation
Mammoth Energy Services, Inc. (NASDAQ: TUSK) - Investor Fraud Investigation
Cloudera Inc. (NYSE: CLDR) - Investor Fraud Investigation
Ra Medical Systems, Inc. (NYSE: RMED) - Investor Fraud Investigation
Eros International Plc (NYSE: EROS) - Investor Fraud Investigation
Facebook, Inc. (NASDAQ: FB) - Investor Fraud Investigation
Pivotal Software, Inc. (NYSE: PVTL) - Investor Fraud Investigation
Sealed Air Corporation (NYSE: SEE) - Investor Fraud Investigation
Pintec Technology Holdings Limited (NASDAQ: PT) - Investor Fraud Investigation
Aequitas Capital Management - Investor Fraud, Securities Active

Investor Fraud Resource Library:


Why Select Hagens Berman?

Selecting an investor fraud attorney will have a significant impact on the outcome of your case.
When searching for an investor attorney to represent you,
you want a firm with a record of success at the top of the profession.

Stellar Reputation

Stellar Reputation

Hagens Berman fights with the creativity and tenacity to continue to raise the bar and take on every case with the goal of achieving the best outcome for the largest group of individuals.

No Cost to You Unless We Win

No Cost to You Unless We Win

Our firm operates on a contingency fee basis, meaning the victims we represent pay nothing at all unless we win. Attorney fees are paid based on an industry percentage of overall settlement terms, allowing plaintiffs to reap the rewards.



At the basis of all that motivates Hagens Berman is our mission for corporate reform. It’s through our work that we continue to uphold and fight for the rights of those most vulnerable to corporate greed and negligence.

Real Results

Real Results

We achieve results, and our track record proves it. While many class-action or individual plaintiff cases result in large legal fees and no meaningful result for the client, Hagens Berman finds ways to return real value.

Investor Fraud Blog Posts:

Amtrak crash survivor has to give up dream of being police officer due to...

SEATTLE — Tiffani Vincent had her whole life planned out. Following her career as an Air Force military police officer, she hoped to work for a civilian police department. "Unfortunately... more »

Written May 14, 2019 Personal Injury

New York Passes Child Victims Act for Survivors of Sexual Abuse

For victims of sexual abuse, mere moments can affect lifetimes, and short windows can predicate decades. When the New York state legislature passed The Child Victims Act last month, the... more »

Written February 22, 2019 Child Sexual Abuse, Steve W. Berman, Sexual Harassment

Whistleblower News: Investment Scams

The U.S. Securities and Exchange Commission obtained a court order freezing the assets of a Texas-based initial coin offering that claimed to have raised more than $600 million. more »

Written January 30, 2018 Whistleblower, Investor Fraud

Whistleblower News: Investment Adviser Sentenced, IPOs

The Securities and Exchange Commission today charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers... more »

Written December 20, 2017 Whistleblower, Investor Fraud

"Class counsel has consistently
demonstrated extraordinary skill and effort."

— U.S. District Judge James Selna, Central District of California

In re Toyota Motor Corp. Unintended Acceleration Marketing

"...the track record of Hagens Berman['s] Steve Berman is...impressive, having racked...a $1.6 billion settlement in the Toyota Unintended Acceleration Litigation and a substantial number of really outstanding big-ticket results."

— Milton I. Shadur, Senior U.S. District Judge

Naming Hagens Berman Interim Class Counsel in Stericycle Pricing MDL

Hagens Berman has been featured
on the Plaintiffs' Hot List eight times

— The National Law Journal

The NLJ's List of the Year's Hottest Firms

"If it has to do with class-action litigation,
Berman's the go-to guy."

— I. Basso, client

Source: Avvo

The firm's "innovative approaches to litigation
have earned significant recognition"

— The Law Business Insider

"[A] clear choice emerges.
That choice is the Hagens Berman firm."

— United States District Court for the Northern District of California

In re Optical Disk Drive Products Antitrust Litigation (appointing the firm lead counsel)

"All right, I think I can conclude on the basis with my five years with you all, watching this litigation progress and seeing it wind to a conclusion, that the results are exceptional..."

— Judge Hamilton, U.S. District Court for the Northern District of California

In re Dynamic Random Access Memory Antitrust Litigation (Hagens Berman was co-lead counsel and helped achieve the $325 million class settlement)

Recent Recognition:

Hagens Berman is a plaintiffs’ class-action law firm that helps victims of auto accidents, sports injuries, defective products, dangerous drugs and business fraud pursue their legal rights. We take on large corporations for negligence and fraud, and hold them accountable.
Our attorneys are champions of consumer rights. The size or clout of the corporations we pursue is never a deterrent to our pursuit for justice. Over the years, we have built the resources we need to thoroughly investigate these personal injury and product defect cases, and achieve the best possible outcome for our clients. Our work is consistently recognized for industry excellence.

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