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CLASS ACTION LAW SUITS
When investors suffer financial damages as a direct result of fraud or other alleged violations of federal and state securities law, one recourse may be class action lawsuits.
Securities fraud litigation is complex, resource intensive and expensive. Taking cases to trial on behalf of an individual may be cost prohibitive. Consolidating cases into a single legal action so that losses can be recovered on behalf of all parties adversely impacted, justifies the cost.
Although an individual investor may experience significant economic injury, there are a number of practical reasons why an attorney might recommend filing a class action lawsuit.
- Class actions allow people to join together in order to pursue recovery from unlawful conduct without having to incur costly legal fees on their own.
- The injured parties have the ability to litigate high-stakes claims on a level playing field against large, well-funded corporations and their legal teams.
- As a collective group, the value of the claims add up and a settlement ensures that all plaintiffs receive some compensation (money damages).
- A favorable outcome for plaintiffs in a class action can result in a judgment or settlement worth millions.
A class action may be the best solution when many people have experienced similar economic loss by the same or similar circumstances. Unfortunately, some attorneys suggest class action litigation for their clients when it may not be in the best interest of the clients. There are many complex factors to consider. Falls & Veach has always focused on what will be in their client's long term best interests when considering whether to pursue a class action claim.
Attorney Tucker Veach has an impressive track record of vigorously representing plaintiffs in individual and class actions. His skill and dedication to his clients have earned him the respect of his peers and the courts. He knows what it takes to get the job done and will fight aggressively to protect your interests and obtain a favorable result.
If you have been a victim of securities and investment fraud, don’t wait to seek recovery of your hard-earned money. Call Mr. Veach at 828-277-6001 today. After evaluating your situation, he will be glad to discuss your rights and provide legal options and actions to take.
Questions for your lawyer about Class Action Matters
- What does it mean to be a part of a class?
- How do you know if you are a part of a class?
- How does a class become certified?
- How are class lawsuits different from individual plaintiff lawsuits?
- How does being a part of a class affect settlement or arbitration of my claim?
- If I am a part of a class, why do I need an attorney?
Call us. We can answer
all your questions.
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Fraudulent Leasing Program
Represented 375 investors in state and federal actions relating to a fraudulent leasing program, collecting over $7 million for the investors.
Represented investor class in class action against a major law firm, collecting over $2.5 million.
Represented 60 individuals in an insurance Ponzi scheme and obtained a $9.5 million jury verdict.
Fraudulent Investment Offerings
Represented 47 individuals against a major Life Insurance company regarding a fraudulent investment offering, collecting over $5 million for the investors.
Premature Termination of Fund
Represented investor class in class action against mutual fund family regarding premature termination of a fund, collecting over $3 million for the investors.
Represented hundreds of individuals in arbitration and court proceedings relating to investments, collecting over $30 million dollars for the investors.
Corporate SEC Investigations
Represented “Inc. 100” corporation in SEC investigation, threatened delisting by the NASDAQ and class action securities litigation.
Officer SEC Investigation
Represented former Chief Operating Officer of major corporation and his family in an investigation by the SEC.
SEC Investigations and International Corporations
Represented Canadian corporation in SEC investigation, threatened delisting by the American Stock Exchange and application to the NASDAQ Stock Market, Inc.
Represented the Federal Deposit Insurance Corporation connected with the failure of a savings and loan associations, resulting in multimillion dollar judgments against culpable officers and directors.
Conducted an extensive investigation of potential securities law violations in connection with the operation by a brokerage firm of a “covered call” options program for the savings and loan association.
Represented a Fortune 100 company in an action contesting the sale of three $200 million vessels; the action proceeded simultaneously in administrative and judicial forums to a very successful negotiated settlement.
Government Agency Contracts
Litigated numerous cases involving contracts with government agencies, including several cases before the General Services Board of Contract Appeals.
Represented the inventor of drug compounds that have received national attention in contract negotiations with the inventor’s research hospital and with pharmaceutical companies interested in obtaining licenses for the compounds.