Securities Fraud

Fraud in connection with the sale of securities can result in both civil liability and in criminal penalties. The firm has represented both plaintiffs and defendants in civil securities fraud cases and has represented persons accused of criminal securities fraud violations.

Significant securities fraud cases in which the firm has been involved have included:

• Representing an accountant accused of criminal securities fraud in connection with the preparation of financial reports relating to the sale of interests in a major Connecticut real estate investment.
   
• Representing a major law firm in an action alleging securities law violations in connection with the sale of a condominium project.
   
• Representing the plaintiffs limited partnership in securities class action against a major insurance company in connection with the sale of limited partnership interests in an limited partnership which owned an apartment complex, resulting in recovery of $3.4 million, representing 86 percent of the clients' original investment.
   

Among the reported decisions in securities fraud cases in which the firm has been involved are: United States v. Autuori, 49 F. Supp. 2d 321 (D. Conn. 1998), aff'd in part, rev'd in part, 212 F.3d 105 (2d Cir. 2000); Long v. Abbott Mortgage Corp., 459 F. Supp. 108 (D. Conn. 1978); and Shirvani v. Capital Investing Corporation, Inc., 112 F.R.D. 389 (D. Conn. 1986).