When the Enron scandal made headlines in 2002, it was just the first in a wave of revelations of corporate fraud that shook the nation. Corporate fraud may sound academic, but the consequences can be quite serious for the consumers and stockholders who are affected. When company leaders are found to have mismanaged their companies, broken corporate accounting laws, stolen or just lied about the financial health of the corporation, ordinary investors find out too late that they’ve bet their futures on a lie.
Even if the corporate officers responsible are criminally prosecuted, innocent stockholders are often left without any way to recover their losses — except pursuing litigation. Individually and in class-action and consolidated lawsuits, stockholders have recovered millions of dollars in compensation from companies whose misbehavior and poor planning wiped them out.
With extensive experience representing consumers harmed by corporate misbehavior, the Los Angeles trial attorneys at Panish Shea & Boyle can secure you compensation for corporate fraud. Their experience includes leadership roles in managing complex consolidated national and international litigation, long experience in standing up for ordinary people against powerful companies and government entities, and a proven track record of recovering significant verdicts and settlements for its clients.