“To open the newspaper today is to receive a daily dose of scandal, from Adelphia to Enron and beyond.” Small v. Fritz, 30 Cal.4th 167, 181 (2003). Fraud continues unabated. “Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not.” Alan Greenspan.
Congress enacted federal securities laws to (1) penalize officers and directors who make false and misleading statements about the financial condition of their company and (2) provide a remedy to injured investors. Investors who purchase stock at artificially-inflated prices face devastating consequences when the truth is inevitably revealed and the stock price plummets. It’s no exaggeration to say that some investors could even lose their life savings. The attorneys at Johnson Fistel are experienced in bringing class action lawsuits on behalf of defrauded investors. If you’ve been damaged by corporate fraud, please contact us today.