To all shareholders/investors: If you find any fraud here or elsewhere, report fraud done by publically traded companies to:
LERACH COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP, Attorneys at Law
(800) 449-4900
COPYRIGHT© 2005
San Diego, CA.
If this law firm can take down ERON, then it can easily take down TWOG.PK, Mancini and Needham, if they are found to have committing fraud and misleading investors, misrepresentation, lying, cheating, over stating financial info., pumps and dumps, stock manipulation, covering up things by constantly changing the name of their company and symbol, etc.
This is the firm we will want to use against Twog and founders and all other companies when and if the time comes to protect ourselves from all white collar vampire con-artists.
lerachlaw.com
Overview
LERACH COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP ("Lerach Coughlin") is a 150-lawyer law firm with offices in San Diego, San Francisco, Los Angeles, New York, Boca Raton, Washington, D.C., Houston, Philadelphia and Seattle. Lerach Coughlin is actively engaged in complex litigation, emphasizing securities, consumer, insurance, healthcare, human rights, employment discrimination and antitrust class actions. Lerach Coughlin's unparalleled experience and capabilities in these fields are based upon the talents of its attorneys who have successfully prosecuted thousands of class action lawsuits. As a result, Lerach Couglin attorneys have been responsible for recoveries of more than $25 billion.
This successful track record stems from our experienced attorneys, including many who left partnerships at other firms or who came to Lerach Coughlin from federal, state and local law enforcement and regulatory agencies, including dozens of former federal prosecutors. Lerach Coughlin also includes more than 25 former federal (circuit and district) and state judicial clerks.
Lerach Coughlin currently represents more institutional investors in securities and corporate litigation – public and Multi-Employer funds – than any other firm in the United States.
Download the entire Firm Profile booklet
William S. Lerach is widely recognized as one of the leading securities lawyers in the United States. Lerach founded the West Coast operations of Lerach Coughlin’s predecessor firm – Milberg Weiss – almost 30 years ago. He has headed up the prosecution of hundreds of securities class and stockholder derivative actions which have resulted in recoveries of billions of dollars. Lerach and the firm are involved in many of the largest and highest-profile securities suits in recent years, including Enron, Dynegy, AOL-TimeWarner, and WorldCom.
Patrick J. Coughlin has been lead counsel in several major securities matters, including In re Apple Computer Securities Litigation, where he obtained a $100 million verdict. Prior to joining Lerach Coughlin, Coughlin was a federal prosecutor in Washington, D.C. and San Diego handling complex white collar fraud matters, and assisted with the trial of one of the largest criminal RICO cases ever prosecuted by the United States, United States v. Brown, as well as an infamous oil fraud scheme resulting in a complex murder-for-hire trial, United States v. Boeckman. Coughlin now heads up the prosecution of the high profile HealthSouth and Qwest cases. Coughlin has handled and resolved a number of large securities cases involving such companies as 3Com, Boeing, IDB Communications Group, Unocal, Sybase, Connor, Media Vision, ADAC, Sunrise Medical, Valence, Sierra Tucson, and Merisel. In addition, Coughlin spearheaded actions against the tobacco industry resulting in the phase-out of the Joe Camel Campaign and a $12.5 billion recovery to the Cities and Counties of California – unique in the nation.
John J. Stoia, Jr. has prosecuted numerous nationwide complex securities class actions, including In re American Continental Corp./Lincoln Savings & Loan Sec. Litig., MDL 834 (D. Ariz.), which arose out of the collapse of Lincoln Savings & Loan and Charles Keating’s empire. Stoia was a major part of the plaintiffs’ trial team which resulted in verdicts against Keating and his co-defendants in excess of $3 billion and recoveries of over $240 million. Stoia has been involved in over 40 nationwide class actions brought by policyholders against U.S. and Canadian life insurance companies seeking redress for deceptive sales practices during the 1980s and 1990s, including, among others, Prudential, New York Life, Transamerica Life Insurance Company, General American Life Insurance Company, Manufacturer’s Life, Metropolitan Life, American General, US Life, Allianz, Principal Life and Pacific Life Insurance Company. Because of Stoia’s efforts, victimized policyholders have recovered over $7 billion. Recently, Stoia successfully litigated numerous cases brought against life insurance companies for racial discrimination involving the sale of small value or “industrial life” insurance policies during the 20th century. Stoia was lead counsel in McNeil v. American General Life Insurance and Accident Company, the first major settlement involving discrimination claims which resulted in a $234 million recovery for class members. Stoia has since resolved other race-based insurance cases, including Brown v. United Life Insurance Company, Morris v. Life Insurance Company of Georgia and Thompson v. Metropolitan Life.
Paul J. Geller has served as Lead or Co-Lead counsel in a majority of the securities class actions that have been filed in the southeastern United States in the past several years, including cases against Hamilton Bancorp ($ 8.5 million); Prison Realty Trust (Co-Lead Derivative Counsel; total combined recovery of over $120 million); Intermedia Corporation ($38 million). Mr. Geller is currently one of the Court appointed Lead Counsel in cases involving the alleged manipulation of the asset value of some of the nations largest mutual funds, including Hicks v. Morgan Stanley & Co., Case No. 01 Civ. 10071 (S.D.N.Y.); Abrams v. Van Kampen Funds, Inc., Case No. 01 C 7538 (N.D. Ill.) and In Re Eaton Vance Securities Litigation, Case No. C.A. No. 01-10911 (D. Mass.).
Mr. Geller has also successfully represented consumers in class action litigation. He was personal counsel to the lead plaintiff in Stoddard v. Advanta, a case that challenged the adequacies of interest rate disclosures by one of the nation’s largest credit card companies ($11 million settlement) and was personal counsel to one of the lead plaintiffs in the American Family Publishers sweepstakes litigation, which alleged that the defendant misled consumers into thinking they would win a lottery if they purchased magazine subscriptions ($38 million settlement).
Samuel H. Rudman served in the Enforcement Division of the United States Securities & Exchange Commission in its New York Regional Office as a staff attorney, where he was responsible for numerous investigations and prosecutions of violations of the federal securities laws. Thereafter, Mr. Rudman joined one of the largest corporate law firms in the country, where he represented public companies in the defense of securities class actions and also handled several white collar criminal defense matters.
In 1995, Mr. Rudman joined Milberg Weiss, where he was one of the youngest lawyers ever to be made a partner at the firm and was responsible for the investigation and initiation of securities and shareholder class actions. In addition, Mr. Rudman developed a concentration in the area of lead plaintiff jurisprudence and has been responsible for numerous reported decisions in that area of securities law.
Mr. Rudman continues to focus his practice in the area of investigating and initiating securities and shareholder class actions and also devotes a considerable amount of time to representing clients in ongoing securities litigation.
Darren J. Robbins has extensive experience in federal and state securities litigation, serving as lead counsel in the In re Dollar General Securities Litigation, In re Prison Realty Securities Litigation, and In re Hanover Compressor Securities Litigation. Robbins currently represents numerous pension funds in state and federal courts across the country and concentrates his practice in the structuring of corporate governance enhancements in connection with the resolution of shareholder class and derivative litigations. Robbins was recently recognized as California Lawyer Attorney of the Year for 2003 as a result of his participation as lead counsel in the Hanover Compressor case, where plaintiffs recovered approximately $85 million and obtained numerous groundbreaking corporate governance changes, including direct shareholder nomination of Board members and the mandatory rotation of the company’s outside audit firm.
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The ENRON Lawsuit
On April 8, 2002, Lerach Coughlin Stoia Geller Rudman & Robbins, LLP ("Lerach Coughlin") attorneys filed a consolidated class action lawsuit against Enron Corp. in the U.S. District Court in Houston. On behalf of its clients, Lerach Coughlin seeks relief for purchasers of Enron publicly traded equity and debt securities between October 19, 1998 and November 27, 2001. The consolidated complaint charges certain Enron executives and directors, its accountants, law firms, and banks with violations of the federal securities laws and alleges that defendants engaged in massive insider trading while making false and misleading statements about Enron's financial performance. These false statements caused Enron's stock to trade as high as $90.75. Defendants sold more than 20 million shares of Enron stock for insider trading proceeds of approximately $1.19 billion.
In late 2001, Enron revealed it would incur losses of at least $1 billion and would restate its financial results for 1997, 1998, 1999, 2000, and the first two quarters of 2001, to correct errors that inflated Enron's net income by $591 million. The impact of this restatement was enormous as Enron's stock dropped 91%. Soon after, Dynegy Inc.'s attempted acquisition of Enron fell through, Enron's debt was downgraded to junk bond status and its stock dropped to just $0.26 per share. On December 2, 2001, Enron filed for Chapter 11 bankruptcy.
Working on behalf of its clients, Lerach Coughlin attorneys have demonstrated unparalleled commitment to the investigation, development and prosecution of the Enron fraud. Lerach Coughlin brings to this action a securities litigation team which consists of more than two dozen attorneys, investigators, forensic accountants, analysts and corporate governance and accounting experts.
Lerach Coughlin attorneys moved swiftly to freeze over $1.1 billion in illicit insider trading proceeds. Lerach Coughlin attorneys and investigators interviewed more than 100 witnesses concerning the numerous organizations within Enron, including over 3,000 related entities and partnerships. Lerach Coughlin attorneys sought expedited discovery from both Enron and Enron's auditor, Andersen. Just 24 hours after Andersen revealed it destroyed an untold number of relevant documents concerning the Enron fraud, the attorneys went back to court seeking to preserve all evidence. Lerach Coughlin attorneys' factual investigation also uncovered Enron's extensive document destruction at its Houston headquarters.
The U.S. District Court in Houston has denied a number of motions to dismiss the litigation. The parties are currently engaged in discovery and motion practice; depositions began in the summer of 2004.
Lead Plaintiff, The U.C. Regents, has reached settlements with Lehman Brothers, Bank of America, the Outside Directors, Citigroup, JP Morgan Chase and CIBC totaling over $7 billion for investors. Those settlements are subject to approval by the Court. Find out how to make a claim at Questions & Answers. |
