Learn if You Have a Claim Against Stockbrokers and Investment Advisors

Investors Seek Compensation for Their Brokers' Misconduct

Kahn Gauthier Swick is investigating possible legal actions, against stockbrokers and other investment advisors, on behalf of investors who lost $100,000 or more. When an investor believes that his or her stockbroker or investment advisor acted improperly, the investor will naturally seek compensation for the losses suffered as a result of the broker's or advisor's misconduct. Most investor disputes against stockbrokerage firms and investment advisors are resolved through individual actions rather than class actions.

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Other Stocks Cases of Interest

Lawsuit Filed Over Schick Technologies' Merger With Sirona Dental Systems Voluntarily Dismissed

Schick Technologies, Inc. announced that the class action filed in connection with the Company's merger with Sirona Dental Systems has been voluntarily dismissed. The dismissal is without prejudice, with each party bearing its own costs, and without any payment, or promise of payment, being made to the plaintiff or his attorneys. The Court granted the Notice and Order of Voluntary Dismissal Without Prejudice on April 13, 2006.

Class Action against Pfizer Seeks Billions in Lost Stock Value

A class action has been filed against Pfizer, Inc. (NYSE: PFE), a New York based pharmaceutical company, and certain of its officers and directors by stockholders who purchased the company’s common stock between November 1, 2004 and December 16, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company’s securities. The stockholders seek to recover compensatory damages for the loss of value of their stock.

Metro Global Media Stockholders Recover $750,000

The parties have reached a tentative $750,000 settlement of a class action filed against adult entertainment and multimedia enterprise Metro Global Media, Inc. (Pink Sheets: MGMA, formerly OTCBB: MGMA) and certain of its officers and directors by stockholders who purchased the company's common stock between September 13, 1996, and September 13, 1999. To recover under the settlement, a completed proof of claim postmarked no later than October 27, 2003, must be mailed to the claims administrator.

World Information Technology Stock Suspended on News of Inaccuracies

Several class actions have been filed against Chinese e-commerce company World Information Technology, Inc. (OTC BB:WRLT.PK), and certain of its officers and directors by stockholders who purchased the company's common stock between January 3, 2003, and March 16, 2004. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities.

Valassis Sued by Stockholders after Stock Drops 25%

A class action has been filed in the Eastern District Court of Michigan against Valassis Communications, Inc., a Michigan based company that markets and distributes coupons and newspaper advertising inserts (NYSE:VCI), and certain of its officers and directors by stockholders who purchased the company's common stock between April 25, 2002 and October 23, 2002. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock.

Silicon Image Stockholders Accused Company of Violating Generally Accepted Accounting Principles

Several class actions have been filed against semiconductor manufacturer Silicon Image, Inc. (Nasdaq:SIMGE) and certain of its officers and directors by stockholders who purchased the company's common stock between April 15, 2002, and November 15, 2003. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities.