Securities Cases

Federal laws allow shareholders the right to bring a private action to recover damages the shareholder sustained as a result of securities fraud.

Gustafson Gluek PLLC has represented individuals and institutional investors in pursuing these securities rights on behalf of classes of investors and has achieved significant recoveries in these cases.

The following are select cases Gustafson Gluek is currently investigating, litigating or has recently litigated on behalf of plaintiffs raising securities concerns.

  • Gustafson Gluek represents investors who were defrauded by Pershing LLC, as a result of Pershing’s role in facilitating and profiting from the R. Allen Stanford Ponzi scheme.

  • Gustafson Gluek represents individuals who invested in a company that developed a novel dental anesthetic delivery system. Those individuals were defrauded when the officers and directors orchestrated a sale of the company that grossly diluted the investors’ financial interest in the company.

  • Gustafson Gluek represented a class of investors who were defrauded in a Ponzi scheme by a brokerage that sold bonds to sustain an entity that had collapsed into bankruptcy. Gustafson Gluek helped recover $3 million for the class of 125 investors.

  • Gustafson Gluek served as liaison counsel in two securities class actions against St. Paul Travelers. At issue in these cases were public statements as well as material omissions defendant St. Paul Travelers made that negatively impacted the stock prices of the company. On behalf of Plaintiffs, Gustafson Gluek worked to litigate the two separate class actions against St. Paul Travelers, resulting in multi-million-dollar settlements.

  • Gustafson Gluek made a remarkable recovery on behalf of individuals who were swindled out of their investment in a tech start-up by directors and officers who misrepresented the financial health of the company.

  • Gustafson Gluek represents a class of participants in a 401(k) and Profit-Sharing plan who were harmed when the plan’s fiduciaries, Taylor Corporation, breached their fiduciary duties by allowing service providers to charge excessive administrative fees and expenses. This case has reached a successful resolution.