LOWEY DANNERBERG
Decades of Experience Fighting for Investors.
More than 50 years of landmark results. Securities Fraud Lawyers.
Lowey Dannenberg
Delivering results in Securities Litigation & Securing recovery for investors harmed by corporate fraud and malfeasance.
Lowey Dannenberg has been a leader in the securities litigation field for more than 50 years, filing some of the first-class actions on behalf of investors impacted by violations of the securities laws. Courts recognize these skills, appointing Lowey Dannenberg’s attorneys as lead counsel in several recent securities class actions. Since its founding in 1967, Lowey Dannenberg has represented investors and major corporations in complex class actions, recovering billions of dollars on their behalf.
Practice Areas
Securities Fraud Losses
Breach of Fiduciary Duty
Regulation Best Interest
Churning Commissions
Broker Theft
Margin
Civil Litigation
Unauth Trade
FINRA Arbitration
Ponzi Scheme Investments
Whistleblower Claims
Failure to Supervise
LANDMARK
OURCOMES
Bernie Madoff Ponzi Scheme.
In global securities litigation arising from the Bernie Madoff ponzi scheme, Lowey Dannenberg served as both Lead Counsel and liaison counsel co ordinated the class action with suits brought by the United States Secretary of Labor, the New York Attorney General, and ERISA counsel. The Hon. Coleen McMahon approved a $219.9 million settlement.
In re Beacon Associates Litig., 2013 WL 2450960, at *14 (S.D.N.Y. May 9,2013 )
In re Beacon Associates Litig., 2013 WL 2450960, at *14 (S.D.N.Y. May 9,2013 )
Successful
Representative
Cases
Community Health Systems.
Lowey served as lead counsel representing the New York City Pension Funds and the certified class of investors against one of the nation’s largest hospital systems, Community Health Systems (“CHS”). After nearly 9 years of hard-fought litigation at the district court and appellate levels, Lowey achieved a $53 million settlement with CHS and the company’s CEO and former CFO, which was finally approved in all respects on June 19, 2020 and provided redress for investors in CHS common stock from July 2006 through October 2011.
Norfolk Retirement Systems v. Community Health Systems, Inc., No. 11-cv-00433 ( M.D. Tenn.) (ETR).
Xerox.
Lowey Dannenberg served as class counsel, successfully challenging a multi-billion-dollar merger between Xerox Corp. and Affiliated Computer Systems (“ACS”), which overcompensated ACS’ former Chairman Darwin Deason at the expense of other shareholders. Following expedited proceedings, Lowey achieved a $69 million settlement, one of the five largest settlements in Chancery Court history at the time, as well as structural protections in the shareholder vote on the merger.
In re ACS Shareholder Litigation, Consolidated C.A. No. 4940-VCP (Del. Ch.)
Juniper Networks.
Lowey Dannenberg served as lead counsel, representing the New York City Pension Funds and related class members, alleging that Juniper Networks, Inc. fraudulently concealed the backdating of millions of stock options, resulting in a $900 million financial restatement. Lowey secured a $169.5 million settlement with Juniper and certain officers and directors and a $500,000 settlement with Ernst & Young LLP, the company’s auditors, one of the largest settlements in an options backdating case.
In re Juniper Networks, Inc. Sec. Litig., No. 06-04327 JW (N.D. Cal)
Juniper Networks.
Lowey Dannenberg served as lead counsel, representing the New York City Pension Funds and related class members, alleging that Juniper Networks, Inc. fraudulently concealed the backdating of millions of stock options, resulting in a $900 million financial restatement. Lowey secured a $169.5 million settlement with Juniper and certain officers and directors and a $500,000 settlement with Ernst & Young LLP, the company’s auditors, one of the largest settlements in an options backdating case.
In re Juniper Networks, Inc. Sec. Litig., No. 06-04327 JW (N.D. Cal)
WorldCom.
Lowey Dannenberg’s innovative strategy and aggressive prosecution produced an extraordinary recovery for the New York City Pension Funds in the In re WorldCom, Inc. Securities Litigation, substantially superior to that of any other WorldCom investor in either class or opt-out litigation. Following our advice to opt out of a class action in order to litigate their claims separately, the New York City Pension Funds recovered almost $79 million, including 100% of their damages resulting from investments in WorldCom bonds.
In re WorldCom, Inc. Sec. Litig., No. 02 Civ. 3288 (S.D.N.Y.)
REVIEWS
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FAQ's
LOWEY DANNENBERG represents investors who have suffered losses due to fraud, or been harmed by corporate mismanagement. Our clients include individuals, companies, and investment funds that have that purchased stocks, bonds, options, mutual funds, currencies, annuities, real estate investment trusts (REITs), and other types of investments.
LOWEY DANNENBERG attorneys have served as lead counsel in securities fraud class actions throughout the country and are well-known by the attorneys defending Wall Street, regional brokerage firms, and investment banks.
A securities litigation attorney can help you evaluate potential claims relating to the investments you have and, if you suffered losses, determine if you may be entitled to compensation.
Your securities attorney may take the following steps in investigating and litigating your case:
• Review and analyze your financial statements and investment to help determine if you have been a victim of securities fraud or other misconduct.
• Work with financial experts who will calculate the extent of any damage you may have suffered.
• Evaluate potential claims that may be asserted on your behalf and, if applicable, other investors like yourself that may have been harmed by the same misconduct.
• If a complaint is filed, handle court appearances, filings, and all other aspects of your case.
Securities fraud claims typically involve a false or misleading statement, made by the company issuing the securities (e.g., the company whose name is on the stock), or the banks involved in offering the security to the public. False and misleading statements giving rise to securities fraud claims can appear in multiple places, such as press releases and earnings calls involving management, or formal documentation like an investment prospectus. Lowey securities attorneys are experts in identifying these false and misleading statements and evaluating whether they may give rise to a claim.
Certain types of conduct may also give rise to claims for breach of fiduciary duty. This normally occurs where a company’s board does not carry out their duty to shareholders to properly supervise the operations of a company. Lowey has a long history in representing investors in breach of fiduciary duty cases and achieving significant results, for example by obtaining reforms to corporate practices, and other relief.
Our attorneys have also represented the victims of Ponzi schemes (such as the highly publicized scheme run by Bernie Madoff) and other types of financial theft.
Lowey Dannenberg handles investment and securities cases on a contingency-fee basis, so you do not need to pay any fees upfront to fund your case.
Rather, we only receive a fee if we recover money for you. This aligns our financial interests with those of our client, our goal is to obtain the highest possible recovery in your case.
If you believe you have suffered losses due to fraud or other misconduct, contact us immediately for a no cost and no obligation case review form today.
The Fee Is Free, Only Pay If We Win. Contact Us Today.
Suffered investment losses due fraud or other misconduct?
LOWEY may be able to help.
Our attorneys can assist you with evaluating your investments and determine whether your losses give rise to claims under state or federal securities laws. This evaluation is free and of no cost to you. We only receive a legal fee if we are able to recover compensation on your behalf.