Jacksonville Florida Suspected Stocks Fraud Attorneys
Shareholder Fraud
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Enron Fraud in Florida
Enron filed for bankruptcy in December 2001. The former energy giant was undone by accounting fraud and off-the-balance-sheet transactions. In the Enron case, many players were involved in fraud at multiple levels. Investigations have implicated several former high level executives and have brought into question the roles of many others. Enron's accounting firm, Arthur Anderson, LLP, has already been convicted of obstruction of justice because the firm allegedly destroyed documents pertinent to the Enron case. If you have a case involving Enron, please contact the Jacksonville Florida stock fraud lawyers at Farah & Farah, P.A. today - located in Jacksonville, Florida.
Tyco Fraud in Florida
Tyco International, Ltd. is a company whose diverse range of products are sold worldwide. In 2002, three former top Tyco executives were indicted on fraud charges. Former CEO L. Dennis Kozlowski, former CFO Mark Schwartz, and former legal counsel Mark Belnick allegedly issued themselves low or no interest loans, which they then forgave through an unauthorized bonus program. They are accused of concealing their illegal actions by keeping them out of the accounting books and away from the eyes of shareholders and Board members. Tyco has since replaced its CEO and most of its Board in an attempt to purge the company of fraud and restore its reputation. If you have lost money on Tyco stocks or because of the scandal, please contact the Florida stock fraud attorneys at Farah & Farah, P.A. today - located in Jacksonville, Florida.
WorldCom Fraud in Florida
In July 2002, major accounting errors that hid vast amounts of debt led WorldCom to file bankruptcy. The telecommunications giant faced increasing problems up to that point, but investors were unaware of the company's demise because of the accounting gaffes and intentional cover-ups. Some former top executives of WorldCom have been accused of altering transaction and account records to conceal company debt; several have admitted wrongdoing so far. If you have lost money due to the WorldCom scandal, please contact the Florida securities fraud lawyers at Farah & Farah, P.A. today - located in Jacksonville, Florida.
Peregrine Systems Fraud in Florida
Peregrine Systems is a software company based in San Diego. In May 2002, Peregrine Systems announced that it had to restate its earnings -- the company actually had more than $100 million less than it had originally reported. Peregrine Systems fired its accounting firm, Arthur Anderson, LLP, shortly before the accounting irregularities were uncovered. Steve Gardner, former Chairman and CEO, and Matt Gless, former CFO, resigned their positions around the time of the announcement. If you have lost money due to the Peregrine Systems scandal, please contact us today.
iVillage Fraud in Florida
iVillage is an online network for women, addressing issues from fitness to pregnancy to parenting. From the summer of 1999 to the summer of 2000, iVillage stock price fell drastically. Despite the hard times, Henry Blodget of Merrill Lynch continued to rate iVillage stock as a buy. It is thought that his positive assessment of the deteriorating stock had more to do with Merrill Lynch's interest in retaining its investment banking relationship with iVillage than with the stock's actual potential. If you lost money on iVillage stock, please contact us today.
Adelphia Communications Corp. Fraud in Florida
Adelphia is a cable communications company that appeared to be on the fast track to success until alleged securities fraud drove it to bankruptcy in June 2002. Adelphia was run by members of the Rigas family and several other top executives who have since been charged with securities fraud among other criminal and civil offenses. Adelphia is accused of reporting higher earnings and more subscribers than the company actually had, failing to report debts accurately, and hiding the personal purchases, loans, and illegal deals made by the Rigases.
Additional Stocks to Watch For
Morgan Stanley |
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US Bancorp Piper Jaffray |
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Lehman Brothers |
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Merril Lynch |
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COA Stocks |
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Merrill Lynch - COA Stocks (Continued) |
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J.P. Morgan |
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Goldman Sachs |
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UBS Warburg |
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Solomon Smith Barney |
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Credit Suisse Boston |
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Bear Stearns |
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For a free consultation on your shareholder fraud lawsuit, call our Jacksonville office and speak with one of our Florida securities fraud attorneys at 1.800.533.3555