For years we have battled defendants' arguments that investors could not bring claims against fraudsters under New York common law. Thus, in cases such as those relating to Madoff feeder funds, the
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Institutional investors often ask why they should become involved in private securities litigation. After all, "Isn't the SEC protecting us?" Yes and no. The SEC is tasked with protecting investors, maintaining fair, orderly
Larger funds often engage in foreign exchange transactions through their custodial banks. The custodial banks recognize that it is their job to help fund managers meet their
The mortgage-backed securities (MBS) crisis is over, right? Wrong! Many public fund managers are just beginning to realize that they are holding toxic assets and are incurring actual losses on their investments.
What do Paulson & Co., Carlyle Group and Fidelity Investments all have in common? Each held between 14 and 22 percent ownership of a Chinese company whose stock has plummeted due to suspected fraud. These are
In their best-selling book, "Freakonomics" author Stephen Dubner and economist Steven Levitt make an interesting argument about real estate agents. When you hire a real estate agent, you assume that
The phrase "too big to fail" has become an important part of the American lexicon over the last few years as investors try to recover from yet another man-made financial disaster. The common understanding
Matrixx Initiatives, Inc. (Nasdaq: MTXX), the makers of Zicam products, looks like it may have come close to violating the securities fraud statutes when it failed to provide the Food and Drug Administration (FDA) with more than 800 reports relating to the loss of sense of smell associated with the Zicam Cold Remedy intranasal products.
All day today, I heard news reports about Bernie Madoff admitting to the court that, yes, he did run a Ponzi scheme of epic proportions that sucked something like
As we proceed to work our way through the Madoff litigation, we focus on cases where we believe there is a source of recovery for our clients. To date, that is largely the Tremont Rye Funds, controlled
Earlier today, we filed a class-action suit on behalf of investors in the Oppenheimer Champion Income Fund (OPCHX). We are claiming that the fund managers misled investors; we contend they painted
Persuasion is a funny thing. On one hand, I can't talk a flight attendant into giving me an extra packet of peanuts. On the other, a New York con man convinced thousands
We are finally done with a seemingly interminable election season and it's safe to say there is a feeling of hope and optimism across the country. But as President-Elect
It seems that investigations and lawsuits against companies, both large and small, citing securities fraud are growing. It could be a result of too much greed and
It's funny how much a Seattle-area biotech company and its actions have a lot in common with a con man, three cards, and a cardboard box. Have you ever played Three
Reed R. Kathrein, out of the San Francisco HBSS office, recently joined Prosecuting the Securities Fraud Action panel and will be attending the Securities Litigation & Enforcement
Reed R. Kathrein, out of the San Francisco HBSS office, recently joined Prosecuting the Securities Fraud Action panel and will be attending the Securities Litigation & Enforcement
Hagens Berman Sobol Shapiro LLP is tackling the problem of online organizations who are unlawfully advertising Internet casinos, directly harming California citizens. HBSS is representing the general
Reed R. Kathrein, a nationally recognized complex litigation attorney announced today he has joined the class action and large-scale litigation firm Hagens Berman Sobol
