Corporate fraud and malfeasance is not a new development in the governance and operation of publicly traded companies. Over the past three decades, shareholders have suffered losses from significant periods of bad corporate behavior—not limited to isolated examples but often unfolding in patterns that have adversely affected shareholder value worldwide.
Over the past 35 years, Kaplan Fox has specialized in prosecuting corporate fraud—ranging from cases concerning accounting fraud to those involving complicated and complex financial instruments. Since the passage of the Private Securities Litigation Reform Act in 1995, Kaplan Fox has emerged as one of the foremost securities litigation firms representing institutional investors of all sizes, including many of the world’s largest public pension funds.
Kaplan Fox was named by Portfolio Media’s Law360, as one of the top securities litigation firms for 2009. This selection was based, in part, on the our representation of public pension funds in high profile and complex securities class actions including In re Merrill Lynch & Co., Inc. Securities, Derivative & ERISA Litigation, In re Bank of America Corp. Sec., ERISA & Derivative Litigation, , In re Fannie Mae Securities Litigation and In re Ambac Financial Group, Inc. Securities Litigation.
The reason institutional investors turn to Kaplan Fox is simple— we have the experience and resources necessary to provide the high level of legal representation demanded by institutional investors and particularly public pension funds.
Our dedication to institutional investors begins with our Portfolio Monitoring Program. Through our Portfolio Monitoring Program, our clients receive timely information about potential losses relating to possible violations of the securities laws. This program enables them to take action when require to fulfill their fiduciary duty to plan participants.
Kaplan Fox’s representation of investors and our advocacy of shareholder rights in the fight against corporate fraud have enabled us to secure significant settlements for our clients. We are consistently listed as one of the top law firms responsible for largest settlement recoveries per year.
Of grown importance, institutional investors—through the role of lead plaintiff and through the litigation process—are able to promote important non-monetary governance changes. Kaplan Fox has obtained meaningful corporate governance reforms through settlements in securities actions, including reshaping corporate boards and providing for greater transparency. Many institutional investors consider this a proactive measure to protect shareholders from future losses.