Securities Fraud Cases
STOLL BERNE has achieved success in numerous high profile cases and individual arbitration matters including:
FINRA arbitration against brokerage firm for selling unsuitable investments to the widow of a retired executive, resulting in a settlement in excess of the out-of-pocket losses.
FINRA arbitration against three brokerage firms for damages after a stockbroker convinced our client to invest hundreds of thousands of dollars in a fraudulent investment note program, resulting in a settlement for recovery of substantially all of the losses.
FINRA arbitration against brokerage firm for selling our client precious stone investments, resulting in an arbitration hearing award for all our client's damages.
FINRA arbitration against brokerage firm for selling our client unsuitable viatical life insurance investment, resulting in a hearing award for all of the losses and attorney fees.
Hundreds of other FINRA arbitration and court cases against brokerage firms, investment advisers, lawyers, accountants and others for claims involving fraudulent real estate investments, TICs, offshore note schemes, unauthorized trading, misrepresentation, sale of unregistered securities, churning, improper use of options and margins, improper sale of annuities, outside investment activities by brokers, and a myriad of other improper investment activities.
In Bank of New York Mellon Corp
Obtained $180 million settlement in a proposed class action case. Stoll Berne represented the putative class along with Bernstein Litowitz Berger & Grossmann LLP. The lawsuit alleged that the bank operated a deceptive foreign currency exchange program.
Oregon College Savings Plan v. OppenheimerFunds, Inc.
Represented the Oregon State College Savings Plan and secured over $20 million for the Plan in a securities litigation case.
In re Melridge, Inc. Securities Litigation
Won an $88 million jury verdict in a nationwide securities fraud class action against an investment banking subsidiary of an international insurance company.
Freedman v. Louisiana-Pacific Corp.
Obtained a $65.1 million settlement on behalf of shareholders in a nationwide securities fraud class action against New York Stock Exchange Fortune 500 corporation.
"The court worked specifically with counsel, of whom I have the highest respect for each and everyone." "These people have produced a remarkable result for the shareholders. They have done so at an enormous saving of court time, one of the earliest recoveries bringing to closure unliquidated claims."
-- US District Court Judge Robert E. Jones
In re Southern Pacific Funding Corp. Securities
Obtained settlement totaling approximately $20 million in nationwide securities class action against sub-prime mortgage securitizer, executives and auditor, KPMG.
Murphy v. Hollywood Entertainment Corp.
Obtained $15 million settlement in nationwide securities class action against company, executives and auditor.
In re Assisted Living Concepts Securities Litigation
Recovered $43.5 million for investors in nationwide securities class action, including $13.5 million from the company's auditor, KPMG, which is one of the largest recoveries against an accounting firm in Oregon history.