Securities Fraud Litigation

Kahn Swick & Foti, LLC prosecutes lawsuits on behalf of institutional and individual clients whereby a publicly traded company and certain of its officers and directors issued materially false and misleading statements to investors about the company's financial condition and/or business prospects that ultimately artificially inflated the price of the company's stock. Ultimately, investors suffer losses when the truth is finally revealed and the stock falls on such news. KSF litigates both class actions and private/opt out actions depending on the amount of a client's losses. Contact KSF now.

Current Cases

  • Archdiocese of Milwaukee Supporting Fund, Inc., v. Haliburton Company, 3:02-CV-1152-M
    Northern District of Texas
    Special Counsel for Lead Plaintiff and the Class
  • Arfa v. Mecox Lane Limited, 10-cv-9053-RWS
    Southern District of New York
    Co-Lead Counsel
  • Bang v. Acura Pharmaceuticals, Inc., 10 c 5757
    Northern District of Illinois
    Lead Counsel
  • Bryant Holdings, LLC v. YRC Worldwide Inc., et al., 11-2072-KHV
    District of Kansas
    Co-Lead Counsel
  • Elgaouni v. Meta Financial Group, Inc.,10-4108-MWB
    Southern District of New York
    Lead Counsel
  • Gooden v. Smart Online et al., 1:07-cv-785-WLO
    Middle District of North Carolina
    Co-Lead Counsel
  • In re MELA Sciences, Inc. Securities Litigation, No. 10 Civ 8774(JFM)
    Southern District of New York
    Co-Lead Counsel
  • Miyahira v. Vitacost.com, Inc., No. 1-80644-CIV-RYSKAMP/VITUNAC
    Southern District of Florida
    Co-Lead Counsel
  • In re Nvidia Corporation Securities Litigation, 08-CV-4260-JW
    Northern District of California
    Co-Lead Counsel
  • Shah Rahman v. Kid Brands, Inc. et al., 11-cv-01624 (JLL) (CCC)
    District of New Jersey
    Lead Counsel

Recent Recoveries

In re Virgin Mobile USA IPO Litigation, 2:07-cv-05619-SDW-MCA (D.N.J.), Co-Lead Counsel, federal securities IPO-related class action against a company providing wireless communication services, certain officers and directors, certain controlling shareholder entities, and Virgin's underwriters, resulting in a cash settlement of $19.5 million for investors.

In re BigBand Networks, Inc Securities Litigation, 3:07-CV-05101-SBA(C.D. Cal.), Co-Lead Counsel, federal securities class action brought against a computer hardware corporation, certain officers and directors of the Company, and the Company's Underwriters, resulting in a cash settlement of $11 million for investors.

In re U.S. Auto Parts Networks, Inc. Securities Litigation, 2:07-cv-02030-GW-JC (C.D. Cal.), Lead Counsel, federal securities IPO-related class action against an online automotive supply company, certain members of its board of directors, and its underwriters, resulting in a cash settlement of $10 million for investors.

In re ShoreTel, Inc. Securities Litigation, 3:08-cv-00271-CRB (N.D. Cal.), Lead Counsel, federal securities IPO-related class action brought against an Internet protocol telecommunications company, certain of its officers and directors, and its underwriters, resulting in a cash settlement of $3 million for investors.

In re Xethanol Corporation Securities Litigation, 1:06-cv-10234-HB (Southern District of New York), Lead Counsel, federal securities fraud class action against an ethanol production company and certain of its officers and directors, resulting in a cash settlement of $2.8 million dollar settlement for investors.

Mongeli v. Terayon Comm. Systems Inc. et al., 4:06-cv-03936-CW (N.D. Cal.), Co-Lead Counsel, federal securities fraud class action brought against a communications systems corporation, the Company's outside auditor, and certain officers and directors, resulting in a cash settlement of $2.73 million dollars for investors.

In re Opteum, Inc., Securities Litigation, 2:07-cv-14278-DLG (S.D. Fla.), Co-Lead Counsel, federal securities fraud class action brought against a Real Estate Investment Trust and certain of its officers and directors, resulting in a cash settlement of $2.35 million for investors.

New Cases & Investigations
Featured Practice Areas
Corporate America is chipping away at consumer rights on a daily basis. Corporations can now buy "political" immunity from suit and spend millions in court to bankrupt plaintiffs with real and tragic legal claims. In the face of Enron, Worldcom and other financial disasters that caused untold injury to millions of Americans, Kahn Swick & Foti stands at the forefront of consumer empowerment.