Securities Class Actions

For nearly 20 years, our securities class action lawyers have represented pension funds and institutional investors in some of the largest securities class action recoveries. 

$772 million

Amount recovered on behalf of shareholders in cases we have played a significant role.

$215 million

Record amount recovered in 2016 on behalf of HCA shareholders.

$65 million

Amount recovered in 2014 on the eve of trial on behalf of Psychiatric Solutions shareholders.

In 2014, the firm served as Liaison Counsel in a lawsuit on behalf of the shareholders of Psychiatric Solutions, Inc., an operator of more than 95 psychiatric facilities for at-risk children and teens. The case was litigated for over four years and settled for $65 million on the eve of trial. (Garden City Emps.’ Ret. Sys. v. Psychiatric Solutions, Inc., No. 3:09-cv-00882).

 

Two years later, the firm, again serving as Liaison Counsel, participated in the recovery of a record-setting $215 million on behalf of shareholders of HCA stock. (Schuh v. HCA Holdings, Inc., No 3:11-01033). The shareholders alleged that the company used false and misleading information to sell stock during its 2011 initial public offering. Once again, the case was resolved shortly before trial.

 

Jerry Martin, a former United States Attorney, leads the firm’s shareholder litigation practice group. During his tenure as U.S. Attorney, Jerry made prosecuting individuals and companies who duped investors a top priority. With that experience, along with the firm’s long and successful track record of representing shareholders, the firm continues to represent shareholders whose life savings have evaporated due to corporate greed and misconduct.

Schuh v. HCA Holdings Inc.

In 2011, our firm, along with lead counsel Robbins Geller Rudman & Dowd, commenced this action alleging that Defendant HCA violated Sections 11, 12 and 15 of the Securities Act of 1933 by omitting material adverse facts about its cardiovascular business during HCA’s March 9, 2011 initial public offering.

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Garden City Employees' Retirement System v. Psychiatric Solutions, Inc.

Our firm served as liaison counsel in this securities class action lawsuit filed in 2009. The lawsuit alleged that Psychiatric Solutions deceived investors about its financial condition, the quality of care it was providing to patients, and the liquidity of its malpractice reserves.

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