Practice Areas

Securities Fraud

Corporate Governance &
Shareholder Rights

Consumer Fraud & Consumer Protection

Drug & Pharmaceutical Litigation

Qui Tam / SEC Whistleblower Cases

Fair Labor Standards Act

Securities Fraud

The federal securities laws were founded upon principles of full and fair disclosure. Information about a publicly traded company, its financial health and its products/services, whether positive or negative, is reflected in the company's stock price. When the information is truthful and accurate, the company's stock and bond prices are fairly valued. However, when a company intentionally or recklessly disseminates information that is false or fails to disclose all relevant information, the stock or bond price can become artificially inflated or buoyed. Investors are later damaged when the truth becomes revealed and the price of the security plummets. This is securities fraud.

A securities class action is brought by an investor on behalf of himself and all other similarly situated investors (i.e., the Class) who purchased a company's debt or stock in the same public offering or who purchased the company's debt or stock in the same period of time – i.e., Class Period (the range of dates within which the company is alleged to have been engaged in improper conduct).

Under the Private Securities Litigation Reform Act of 1995 (“PSLRA”), the first plaintiff to file a federal securities class action lawsuit must publish a notice of pendency of the lawsuit in a widely circulated business-oriented news publication. Other investors have 60 days from the date of the first-published notice to seek the court's permission to serve as lead plaintiff. Hach Rose Schirripa & Cheverie monitors these notices for recently filed cases in which its clients are eligible to participate and notifies them when such a case is filed.

If you have invested in a publicly traded company and believe that you were the victim of securities fraud, please contact Frank R. Schirripa at 212.213.8311 or to confidentially discuss your rights.