Securities Litigation

Collora LLP has appeared as counsel of record in many civil actions arising out of the purchase or sale of securities, successfully representing both plaintiffs and defendants in a variety of securities-related disputes.

Our attorneys have represented individuals and corporations in state and federal courts, as well as private arbitration forums, dealing with a host of legal issues related to class actions, registration statements, disclosure statements, fraud, insider trading, and shareholder derivative actions.

We are pleased to share with you the following executive summary showing the kinds of clients we have represented in securities matters, their industries, the legal issues we have handled for them, the forums in which we have appeared, and some of the representative results we have produced.

Clients

Collora LLP has represented many clients in securities-related litigation, including but not limited to:

  • Corporations and Partnerships
  • Banks and Financial Services Companies
  • Chief Executives, Officers and Managers
  • Brokers and Traders
  • Individual and Institutional Investors

Industries

Our lawyers have represented clients in civil securities matters related to a variety of industry sectors, including but not limited to:

  • Banking and Financial Services
  • Hedge Funds and Investment Funds
  • Real Estate/Housing Development
  • Technology

Issues

We have successfully dealt with a number of issues in securities-related litigation, including but not limited to the following:

  • Appropriateness of Investments
  • Churning of Investment Accounts
  • Class Action Defense
  • Collateralized Debt Obligations and Mortgage-backed Securities
  • Failure to Disclose Investigations or Other Material Events
  • False or Deceptive Disclosure and Registration Statements
  • Financial Statement Compliance with Generally Accepted Accounting Principles
  • Fraud
  • Insider Trading
  • Private Offering Issues
  • Proper Charging of Rents, Expenses and Capital Items to Housing Projects
  • Revenue Recognition Practices
  • Selling Away Allegations
  • Shareholder Derivative Actions for Breach of Fiduciary Duty or Other Complaints
  • State and Federal Securities Regulations

Forums

Our lawyers have appeared in a variety of forums for the adjudication or resolution of securities-related disputes. The lawyers who handle securities matters are also familiar with the rules and operations of many courts and private dispute resolution forums, including:

  • Massachusetts Superior Courts and the Business Session Court
  • Massachusetts Court of Appeals and the Supreme Judicial Court
  • U.S. District Courts
  • U.S. Circuit Courts of Appeal
  • Arbitration and mediation forums for resolution of securities disputes, such as those hosted by the Financial Industry Regulatory Authority (“FINRA”), the New York Stock Exchange (“NYSE”) and the Chicago Board Options Exchange (“CBOE”)

Results

The following summaries are a representative sampling of results we have produced for our clients involved in securities-related disputes.

  • Successfully defended brokers and traders in a number of cases against a variety of claims involving allegedly defrauded investors.
  • Won arbitration award against broker who traded and churned investor accounts, recovering more than $2 million from three brokerage houses.
  • Won dismissal of all claims against a client, who was the chief executive of a computer company and was accused of aiding and abetting in stock frauds.
  • Represented group of investors as plaintiffs in arbitration and recovered more than $1.7 million for clients.
  • Won a jury verdict on a civil claim for rescission brought under the Massachusetts Securities Act in Suffolk Superior Court.
  • Settled a case on favorable terms for Fortune 500 client after thorough investigation and refutation of stockholder damage claims made in a shareholder derivative action.
  • Brought and successfully settled case on behalf of a banking syndicate that suffered $50 million in damages arguably related to frauds of officers and directors and failures of independent auditor to detect and report those frauds.
  • Won a defense verdict from FINRA arbitration panel in case involving alleged frauds and “selling away” issues.
  • Successfully represented a technology company and its directors in securities class action with no material charge, liability or settlement to report after complete investigation and resolution of complaints about alleged improper revenue recognition practices.
  • Successfully brought motions for removal of case and dismissal of claims on behalf of international private investment fund. Case involved allegations of oral misrepresentations, undisclosed risks associated with mortgage-backed securities, and violations of the state securities laws.
  • Successfully defended or settled a number of claims made by individual investors or class action groups of investors suing under Rule 10b-5 of the Securities Exchange Act of 1934.

We are also one of the few firms well equipped to handle parallel civil and criminal proceedings when they arise because many of our lawyers are cross-trained in business litigation, regulatory proceedings and government enforcement actions. Thus, we understand how an adverse civil outcome can also influence a potential regulatory or criminal action by the government, and vice versa. We are committed not only to producing a good result in your civil action, but a result that will not create collateral damage to your business by adverse affects on your regulatory status, reputation or licensing.

For more information about our other forms of business litigation experience, click on any of the following links.