Lieff Cabraser has served as counsel for hundreds of thousands of class members in securities fraud class action lawsuits. The firm's clients include public pension funds, union funds and non-public institutional investors including mutual funds as well as high-wealth and individual investors, and we have successfully recovered hundreds of millions of dollars on their behalf.
We have a deep appreciation for our institutional clients' needs and their fiduciary responsibilities with respect to their funds' investors. We are discrete and scrupulous in guarding our clients' reputations and adhere to strict confidentiality.
We offer comprehensive securities advisory and litigation services, including Investment Portfolio Monitoring, Case Evaluation and Damages Assessment, to promptly identify losses attributable to corporate misconduct and to assist our clients in evaluating litigation options to recover their losses.
We work closely with our clients throughout this process to maximize and expedite their recoveries. The following is an overview of Lieff Cabraser's Institutional Services:
Investment portfolio monitoring
When securities fraud occurs, protecting your investments requires taking affirmative action to maximize the recovery of your losses. This need not be a time-consuming and expensive activity.
Lieff Cabraser provides continuous, web-based, client-accessible tracking of our clients' portfolios for losses due to securities fraud. We promptly advise clients on whether they should consider seeking lead plaintiff status in a class action lawsuit or pursue other options, including initiating an independent securities action. This service is provided free of charge and allows our clients to efficiently and quickly calculate losses.
When our clients participate in a securities fraud class action lawsuit that results in settlement, we monitor the claims process to ensure they receive the maximum recovery available under the settlement.
Expert case evaluation and damages assessment
Our legal team includes experienced securities litigation attorneys, forensic accountants, in-house investigators, and damage assessment experts who, collectively, conduct case evaluations and determine the actual value of our clients' potential securities claims.
Our case evaluations are rigorous and comprehensive, taking into account the latest developments in the law and customizing each evaluation to our clients' specific needs. It is not uncommon for us to recommend that our clients not pursue litigation. We safeguard our clients' reputations as if they were our own reputation. We recommend litigation only when liability is clear and damages are substantial and recoverable.
Corporate governance reform
We advise our clients on the compliance with sound corporate governance principles by the corporations in which they invest. The implementation of bylaw amendments that call for majority vote in board of director elections; board and board committee functions and composition; board compensation; and executive compensation are all issues we analyze. We assist our clients in implementing these reforms at target companies in the context of resolving securities cases.
One of the most effective ways to ensure meaningful corporate governance reform is by seeking recovery of personal assets from individual corporate defendants and, to the extent they have participated in misdeeds, from company auditors. Lieff Cabraser has a strong track record of achieving recoveries from the personal assets of individual defendants and successfully achieving recoveries from auditors.
Litigation
Lieff Cabraser litigates in every federal district and in many of the state courts across the country. When appropriate, we associate recognized legal experts to assist us in areas such as legal ethics, tax matters, real estate, and corporate and partnership law.
Since 1992, Lieff Cabraser has litigated thirty-five separate cases each producing a jury verdict or settlement of $100 million or more. For example, In re Scorpion Techs., Inc. Sec. Litig. I and related actions, Lieff Cabraser achieved a trial verdict of $170.7 million; in Informix/Illustra Sec. Litig., Lieff Cabraser obtained a recovery in excess of $136 million; and in Merrill Lynch Fundamental Growth Fund, et al. v. McKesson HBOC, Inc., et al., Lieff Cabraser recovered $150 million, an amount which exceeded the funds' actual economic losses.
Lieff Cabraser is unique in that it is committed to taking cases to trial and has demonstrated success in obtaining trial victories in securities class actions. With our substantial resources and securities litigation experience and expertise, Lieff Cabraser is well-positioned to prosecute the claims of our clients and class members and to obtain the largest possible recovery on their behalf.
