Practice Areas > Securities Litigation
Korein Tillery attorneys have extensive experience seeking recompense from companies and brokers who break the law and endorse practices that defraud investors to the tune of billions of dollars every year. While not all investment losses are recoverable, where the losses are the result of improper conduct, Korein Tillery can help investors recover. Korein Tillery is qualified to handle cases arising out of financial restatements or other accounting issues, earnings warnings and failures to meet projections, allegations of insider trading, and other alleged violations of the securities laws.
The American Bar Association's Securities Litigation Journal deemed two of Korein Tillery's cases, Kircher v. Putnam Funds Trust, 547 U.S. 633 (2006) and Merrill Lynch Pierce Fenner & Smth, Inc. v. Dabit, 547 U.S. 71 (2006), the two most important securities law decisions in 2006. Securities Litigation Journal, Top 10 Securities Law Decisions of 2006 (Winter 2006). In Kircher, Korein Tillery served as lead counsel for the plaintiffs' class from the initial trial court filing to the Supreme Court of the United States, where the Court reversed the Seventh Circuit in a 9-0 decision. In Dabit, Korein Tillery assisted the plaintiff class after the U.S. Supreme Court granted certiorari.
Representative Matters
Kircher v. Putnam Funds Trust, 547 U.S. 633 (2006). In 2006, a unanimous United States Supreme Court agreed with Korein Tilley that district court decisions remanding cases to state courts for wrongful removal under the Securities Litigation Uniform Standards Act of 1998, like other decisions regarding the propriety of removal, are not appealable. Based on this Supreme Court decision, securities defendants will no longer be able to delay state court litigation by removing cases under the Act and then appealing the district court's decision to remand. In this complex "market-timing" action Plaintiffs alleged that various mutual funds set their prices in such a way that allowed arbitrageurs to gain a risk-free profit at the expense of the class.
If you would like to contact an attorney regarding this area of law, please email your request to: contact@koreintillery.com