Corporate wrongdoing such as we have seen in Enron and WorldCom, have had disastrous financial effects on the shareholders of those companies. And as their advocate, plaintiffs’ class action law firms have been willing to step forward and press for redress in the form of lost earnings or other compensation on behalf of those who experienced severe value losses from their investments. The successful lawsuits brought in those cases have resulted in billions of dollars being recovered on behalf of the shareholders. But these cases are only the most egregious and well-known examples. In an effort to wrongfully bolster their share value, many other corporations have acted unethically, fraudulently, and at times, criminally.
However, when a class action law firm takes on a massive corporation and their high-powered law firm, the battle is often of a David versus Goliath proportion. In order to win the battle, effective law firms employ every possible resource.
Often at the core of these legal battles is a question of the truthfulness of the information which the corporation provided to the investing public. In order to learn the facts that prove the statements to be false and misleading, information from inside the corporation is often essential. Only then can the public statements be contrasted with what was actually being said within the walls of the corporation. To learn that information, the class action law firms employ the services of investigators and forensic accountants who can penetrate, if not pierce the corporate veil through locating and interviewing former employees in order to learn the key facts.
Our investigators and forensic accountants have provided investigative litigation support for hundreds of class action lawsuits. The use of information we have provided to these law firms in their suit has resulted in billions of dollars in recoveries. We are particularly adept at identifying, locating and interviewing witnesses in the key areas relating to shareholder investor claims. Our written reports contain direct quotes which attorneys have been able to frequently use in their Consolidated Amended Complaints. We have been successful in obtaining copies of documents which support and add important credibility to the legal theory and witness testimony. And this exacting information is often the edge which is needed for the prompt settlement of the suit. |