Stock Fraud

Our clients were the owners of patented technology. Through a series of complicated transactions, they sold their technology to a public corporation in exchange for shares in that public corporation. They were enthusiastic about the prospects of the development of their technology. Instead, the promoters of the company, through the use of various illegal strategies, sold our clients’ shares and drove the corporation into insolvency leaving the owners penniless. Settlements were reached with several of the involved parties prior to trial. At trial significant Judgments were obtained against the fraudster and a brokerage through which some of the shares had been sold.