Securities Litigation is an area of the law in which attorney Leo W. Desmond, ESQ. has actively represented victims of negligence and securities fraud for over 14 years. With over 150 securities class actions filed and numerous stockbroker arbitrations, Leo W. Desmond and his law firm has the experience that is necessary to ensure our clients' legal rights are protected. While each matter is different, all matters are pursued in a dilegent and zealous manner with the ultimate goal of the maximizing the clients' recovery.

Most Matters are handled on a contingency basis.

STOCKBROKER FRAUD AND NEGLIGENCE

Stockbrokers and Financial Planners are normally paid on a commission basis. While the vast majority of them are honest, hard working, diligent individuals, rogue brokers and brokerage companies exist. When a broker is negligent or fraudulent in his/her business dealing with their clients, any losses sustained by the client may be recoverable under state or federal law. The Desmond Law Firm, because of its years of experience, can determine if a claim exists and then bring an action to potentially recover the losses for our clients.

SECURITIES CLASS ACTIONS

Corporate officers are under constant pressure from "Wall Street" to show always improving financial statements. Some companies have chosen to lie about their company's performance in order to artificially inflate the price of the company's stock. Eventually the truth becomes evident and the company's stock falls to adjust to the true financial health of the corporation. The drop in stock price can be overwhelming, falling 50% or more in a single day. Investors who have lost money due to the fraudulent statements made by the company may sue to recover any money lost.

BANK / TRUST COMPANY MALFEASENCE

Bank and Trust companies are under a fiduciary duty to act in the best interests of the persons for whom they manage the trusts. While the fiduciaries are normally not required to be perfect in their investment duties, they are required to act in a way that does not intentionally injure the beneficiaries of the trust. Additionally the Bank and Trust officials may not normally act in a manner that would create a conflict of interest between them and the beneficiaries of the trust. The Desmond Law Firm can analyze the Trust and decide if any laws have been broken that might allow our clients' to sue to recover any Trust related losses or to remove a Trustee form acting on behalf of the Trust.

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