Securities Litigation
For more than 30 years, Kaplan Fox has earned its reputation as a leader in the fight against securities fraud by aggressively pursuing cases on behalf of shareholders and other victims of corporate wrongdoing. That reputation is reconfirmed every time a court appoints our firm to serve as lead or co-lead counsel in a complex securities action. Our securities litigation attorneys have been responsible for a number of significant recoveries, totaling over $1 billion on behalf of aggrieved investors.
Typically, our attorneys represent a class of investors who purchased securities at prices that were artificially inflated by a company’s false and misleading statements or omissions. When appropriate, we seek redress not only from the company and its principals, but also from others outside the company who have participated in the fraudulent conduct.
We also have significant experience in bringing shareholder derivative actions, in which shareholders bring an action on behalf of the corporation to redress harm to the corporation. For example, we have represented shareholders in bringing claims against a company’s board of directors for the board’s failure to maximize shareholder value in the context of a merger.
More and more, companies are being compelled to restate their financial statements due to fraud on the part of corporate officials. When that happens, stock prices decline, and shareholders can incur significant losses. Kaplan Fox assists shareholders in recovering some of those losses by looking to the accounting firm that was responsible for auditing the company’s financial statements.
Two Kaplan Fox attorneys, trained as certified public accountants, have first-hand experience performing audits of corporate financial statements. As a result, they can often ascertain the reasons an audit failed by identifying the questions that should have been asked and the documents that should have been examined.
Why Kaplan Fox?
At Kaplan Fox, we know that our record of success in securities litigation is rooted in several factors that set us apart from other firms.
First, our experience of 30 years enables us to determine which cases will succeed. Before we commit to becoming involved in any matter, we thoroughly investigate the facts. And, while we ultimately focus on far fewer cases than other firms, the cases we take are only those most likely to succeed.
Second, our most seasoned, senior attorneys are involved in the details of each case, at every step in the process. While other firms delegate to junior attorneys the responsibility for case preparation—performing investigations, taking depositions, and the like—our most senior attorneys participate in that function. We know the importance of thoroughly preparing any matter for trial; we also know that the involvement of veteran attorneys early in the process conveys to our adversaries that our firm is very serious about making every effort to pursue a recovery on behalf of our clients.
Finally, once we become involved in a case, we dedicate ourselves completely to pursuing the best result for our client. Of course, we are willing to explore the possibility of a pre-trial settlement on terms favorable to our clients, but we will never settle for less than the amount for which the case should reasonably be compromised. In short, our clients know they can trust us to represent their interests as if our own interests were at stake.
Our securities team includes:
