Securities Fraud/Investor Protection

The federal securities laws require publicly traded corporations and their officers and directors to communicate with the investing public in a truthful and timely manner.  When this does not happen, investors of all types – ranging from small, individual investors to multi-billion dollar institutional investors – suffer harm by overpaying for these securities.  While in some cases the losses incurred by any single investor may be relatively small, the losses suffered by all investors can be as large as hundreds of millions or billions of dollars.

Cohen Milstein has developed extensive expertise from its experience as counsel for investors in some of the most significant securities fraud cases over the past 30 years, and has recovered over one billion dollars in assets for investors during that time.  The Firm  recovered assets for investors who were harmed as a result of the scandals in the 1980s involving Ivan Boesky, Michael Milken and, Drexel Burnham Lambert, as well as resulting from the savings and loan scandals involving Charles Keating of Lincoln/ACC and David Paul of Centrust.  In the 1990s we fought for investors who were victimized by securities frauds perpetrated both by public corporations and their outside advisors, including auditors and investment bankers.  In more recent cases such as In re Lucent Technologies Securities and ERISA Litigation, we represented one of the lead plaintiffs and recovered over $600 million for the class in cash and securities.  Currently, we are lead counsel in In re Parmalat Securities Litigation, Europe's version of the Enron scandal, where billions of dollars turned up missing and numerous corporate executives have been indicted and are imprisoned.

The Firm’s securities litigations practice group is staffed by ten partners, each of whom has vast expertise in prosecuting securities fraud class actions.  Along with these partners, the Firm has an outstanding team of associates, paralegals and other support staff.  Cohen Milstein’s securities practice has earned the respect and praise of lawyers and courts throughout the country.  By way of example, in In re BearingPoint Securities Litigation, United States District Court Judge T.S. Ellis, III, praised the Firm noting: “...[P]eople who run corporations are generally deterred by the fact that there are the ....Cohen Milsteins out there ” and the “good work” that Cohen Milstein does.   Likewise, in In re Compuware Securities Litigation, the high quality of the Firm’s work was recognized by United States District Court Judge Anna Diggs Taylor, who stated: “it is hard to imagine a complaint that could better withstand a motion to dismiss.  The Court finds that Plaintiffs have submitted a well-crafted, well plead complaint....”  The Firm’s partners also frequently address investor groups with respect to developments in the federal securities laws and corporate governance issues.   

For more information, please contact us at lawinfo@cmht.com.