Lockridge Grindal Nauen P.L.L.P. has recovered millions of dollars for investors in lawsuits nationwide. The firm is well known for its aggressive, fast-paced securities litigation practice. Efficient case administration and a comprehensive, in-depth knowledge of the federal securities laws enables us to effectively represent investors – both individuals and institutions.
Our securities litigation team represents institutional investor clients throughout the country, including Taft-Hartley pension and health and welfare funds
Lockridge Grindal Nauen provides a free portfolio monitoring service to fund managers and trustees in order to assist them in fulfilling their fiduciary duties. We track portfolio trading and conduct in-depth investigations into portfolio losses to determine whether potential securities claims exist and whether funds should pursue further action.
To learn more about our securities litigation practice or our portfolio monitoring service, contact Karen Hanson Riebel or Gregg M. Fishbein.
The LGN Market Monitor® is a complimentary report containing important information on potential and current securities fraud litigation provided to LGN’s institutional investor clients. The report includes:
Plaintiffs’ counsel, including LGN, have obtained a $125 million settlement (subject to court approval) from Bristol-Myers Squibb in the securities class action which accused the drug maker of deceiving investors when it failed to properly disclose a patent deal for a generic version of its blood-thinning drug Plavix. LGN’s Craig Davis worked extensively on the case with lead counsel for the plaintiff class, Bernstein Litowitz Berger & Grossmann LLP.
The firm and its co-counsel recovered more than $40 million on behalf of shareholders in this suit filed in the Northern District of Ohio. The firm represented purchasers of the stock of Telxon Corporation who were misled into believing that the company was meeting its earnings projections and achieving increased earnings and profitability.
In this securities fraud action, LGN played a pivotal role in recovering $24.5 million for defrauded shareholders. The firm and its co-counsel settled this case, which involved Safety-Kleen stunning the market by announcing that its three most senior executive officers were being placed on administrative leave to permit the Company to conduct an “internal investigation” of its prior reported financial results, as well as to investigate the Company’s accounting policies and practices following receipt of information by the Company’s Board alleging possible accounting irregularities.
In this securities class action, the firm recovered $111 million for purchasers of Ikon Office Solution securities whom we alleged were defrauded when defendants caused IKON to issue false and misleading statements with respect to the Company’s transformation program designed to lower administrative costs and improve operating margins. The case settled on the eve of trial.
LGN played a pivotal role in this lawsuit that alleged violations of the federal securities laws by a bankrupt reseller of telecommunications services. The firm recovered $45 million for the company’s defrauded stockholders.
LGN served as lead counsel in this case and recovered $70 million for investors in the Piper Jaffray Institutional Government Income Portfolio.
