Securities fraud schemes can include accounting fraud such as:
- Recognizing false revenues or income
- Improperly accounting for costs and/or expenses
- Creating shell entities to hide debt
It can also include management malfeasance such as insider trading or self-dealing, backdating or other manipulation of stock options, and improper inside loans.
Shareholder Derivative Actions
Shareholder derivative actions are brought by the current holders of a company’s stock to recover damages suffered by the company as the result of insider self-dealing, breaches of fiduciary duty and/or other acts of malfeasance, to restore shareholder value through the elimination of mismanagement and waste of corporate assets, and to bring about improvements in corporate governance.
Corporate Takeover Litigation
Corporate takeover litigation, also referred to as M&A or deal litigation, primarily addresses breach of fiduciary duties in connection with mergers and acquisitions.
When directors and officers fail to maximize shareholder value while negotiating a proposed merger or acquisition, the shareholders can bring a direct class action to:
- Seek greater shareholder value
- Make the deal’s terms more favorable
- Take steps to give competing bidders the opportunity to offer shareholders a better price for their investment
A case may also be brought in the absence of full disclosure of a deal’s details or upon conflicts of interest within management.
To learn more about how our class action attorneys can assist you, use our contact form to request a free, no-obligation case review.