Recent corporate scandals clearly demonstrate that it has become all-too-common for companies and their executives to mislead the public about the company’s financial condition or its prospects. Good news about a company typically causes its stock to rise. Conversely, when a company makes false statements, the price of its stock can plummet and an investor who purchased a stock at an artificially high price may lose a great deal of money as a result.

In a securities fraud case, a company whose stock is traded in the stock market has made false statements about its earnings, sales expectations, or new products. We represent individuals and institutional investors (such as employee pension plans) in cases involving securities fraud.

We also represent individuals in actions brought when a company has breached its duty in the administration of an employee benefit plan under ERISA. A company sponsoring a 401(k) plan for the benefit of its employees has a fiduciary duty to ensure that employee contributions are directed to appropriate and prudent investment vehicles. This duty is often breached when a company deems investment in its own common stock appropriate, despite having access to information which clearly indicates otherwise. This conflict of interest can be devastating to employees, who often depend on their 401(k) accounts as the primary source of retirement income.

If you believe you are a victim of securities fraud, or that a company has mismanaged assets in a 401(k) or pension plan, please contact us either by phone or at info@cooperelliott.com. We will investigate your claims thoroughly and advise you of your rights without any cost or obligation to you.