The Firm on CCME side:
Securities Fraud Lawyer
Shapiro Haber & Urmy LLP has a well-deserved and hard-earned national reputation for vigorously and successfully vindicating the rights of shareholders and other investors in securities class actions and derivative actions, and obtaining multimillion dollar jury verdicts, arbitration awards and settlements.
Shapiro Haber & Urmy LLP's experience and work as securities litigators has been highly praised by the courts before which they practice:
•Shapiro Haber & Urmy LLP “comes with a wealth of experience and skill in prosecuting class actions.” U.S. West, Inc. v. MacAllister. (D. Colo.).
•“The high quality of representation provided by [Shapiro Haber & Urmy LLP] is evident from the extensive record of this case.” In re Merrill Lynch & Co., Inc. Research Reports Securities Litigation. (S.D.N.Y.).
•Shapiro Haber & Urmy LLP is “highly qualified both generally, and in the specific context of private class actions under the Federal securities laws.” Coopersmith v. Lehman Brothers, Inc. (D. Mass.).
•Shapiro Haber & Urmy LLP is “highly qualified to act as lead counsel for the Class” and “has extensive experience in prosecuting class actions, including as lead counsel.” United States Trust Co. of New York v. Albert. (S.D.N.Y.).
Shapiro Haber & Urmy LLP has been a leader in prosecuting claims on behalf of investors in a variety of contexts, including:
•Securities Fraud Litigation
•Shareholder Derivative Litigation
•Excessive Fee Mutual Fund Litigation
•Ponzi Scheme Litigation
•Mergers, Acquisitions and Business to Business Stock Deals
•Securities Arbitration
Securities Fraud Litigation
More than seventy years ago, in the wake of the Great Depression, Congress enacted two landmark laws to regulate the sale of securities – the Securities Act of 1933 and the Securities Exchange Act of 1934. The Federal securities laws prohibit fraudulent, deceptive, and manipulative practices in the sale of securities. Federal law also requires companies to provide complete and accurate information when a company sells securities in a public offering.
Shapiro Haber & Urmy LLP has extensive expertise championing the rights of investors who have been victimized by securities fraud. Typically, our attorneys represent classes of investors who purchased securities in the open market at prices that were artificially inflated by a company’s false and misleading statements. When the fraud is revealed, stock prices decline, and shareholders can incur significant losses. We also represent classes of investors who purchased securities in public offerings that were marketed by using a registration statement or prospectus that has incorrect, incomplete, or misleading information.
Shapiro Haber & Urmy LLP has recovered many hundreds of millions of dollars for investors. A notable case includes In re Merrill Lynch Analyst Reports Securities Litigation (S.D.N.Y.), in which Shapiro Haber & Urmy LLP served as the court-appointed co-chairman of the Plaintiffs' Executive Committee of a group of more than twenty securities class actions, arising out of false and misleading research reports by Merrill Lynch stock analysts, which settled for $125 million.
Shapiro Haber & Urmy LLP has recovered substantial settlements for defrauded shareholders by prosecuting securities class action suits on behalf of securities holders of:
•Actrade Financial Tech., Inc. ($9.9 million) (settlement approval pending)
•Bank of New England ($6.5 million)
•Bank of New England Bondholders ($8.4 million)
•Biopure Corp. ($10 million)
•Centennial Tech., Inc. (stock and cash with a value of approximately $20 million)
•Digital Equipment Corp. ($5.2 million)
•Inso Corp. ($12 million)
•Kendall Square Research Corp. (cash, stock and warrants, with a total value of approximately $17 million)
•Kurzweil Applied Intelligence, Inc. ($9.625 million)
•Lotus Dev. Corp. ($7.5 million)
•MicroCom, Inc. ($6 million)
•Minoco Oil and Gas Drilling Limited Partnerships ($15 million)
•Molten Metal Tech., Inc. ($13.16 million)
•Monarch Capital Corp. ($5 million)
•Open Environment Corp. ($6 million)
•Razorfish (against CreditSuisse First Boston) ($3 million)
•Pegasystems, Inc. ($5.25 million)
•Picturetel Corp. ($12 million)
•Winstar (againt CreditSuisse First Boston) ($8 million)
Please read more about these successful securities cases and current securities cases.
