Securities; Oil & Gas; Fraud; Class Action
A local securities attorney and an out-of-state law firm associated the Firm as trial counsel in the prosecution of a securities class action case against several brokerage houses for selling to the public an investment program that had failed, and for which appropriate due diligence had not been conducted. After taking numerous depositions and reviewing thousands of documents, all claims were settled shortly before the case went to trial. The Federal Court approved the settlement resulting in a recovery of $17 million. The facts of the case and the final result were widely reported in the national press including The Wall Street Journal.