The buying and selling of securities is principally controlled by the federal securities laws. One who violates certain provisions of the securities laws is liable for damages caused by the violation. In particular, the securities laws prohibit misrepresentation of material facts or omission of material facts or other deceptive or manipulative conduct in connection with the purchase and sale of securities.
Congress enacted the federal securities laws after the 1929 stock market crash to ensure fair dealing and to outlaw deceptive and inequitable practices by those selling or buying securities. The securities laws are intended to replace the philosophy of caveat emptor (let the buyer beware) with a policy of full and accurate disclosure.
The firm represents institutional and individual investors as counsel in securities class actions. The passage of the Private Securities Litigation Reform Act of 1995 was designed to encourage institutional investors to be active in securities class action litigation.
We have represented institutional and individual investors in securities actions against Calpine Corporation, Smithkline and others. The firm has among its attorneys three former Securities and Exchange Commission enforcement attorneys and a Certified Public Accountant.
If you believe you have been a victim of false and misleading statements issued by company and/or its directors or officers, please contact us.