Securities Fraud Litigation

Purchasers of stock and other security instruments have claims under federal and state securities laws for financial damages when they are defrauded. We prosecute these cases on a full contingency basis. Contact us to help you evaluate any potential claims.


“[Y]ou worked ... like demons. You absolutely worked. And by working as hard as you worked, you got it. You got the settlement that I have to believe was a good settlement. ... So I thought you did a fine job, and you came right up to the plate when it was necessary.” .
Hon. Charles R. Breyer. In Re: Providian Financial Corp. Sec. Litig., Master File No. C 01-3952 CRB (N.D.Cal.) (Speaking directly to Mr. Evangelista during an attorneys' fee hearing and congratulating $65 million settlement he helped achieve while at a prior firm).


Evangelista Worley, LLC’s attorneys have broad experience litigating securities fraud matters and have helped their clients and class members achieve substantial recoveries, collectively in excess of $650 million. The depth of the Firm’s experience is reflected in the various lead, co-lead, liaison and local counsel roles that our attorneys have served in high-profile litigations, and the results they helped achieve, including in the following:

  In re Deutsche Telekom AG Securities Litigation, No. 00 Civ. 9475(SHS) (S.D.N.Y.) ($120 million recovery in securities fraud class action);

•  In re Mutual Funds Investment Litigation, MDL 1586 (D.Md.) ($75 million recovery for mutual fund investors against multiple mutual fund companies for violations of federal securities and investment company laws);

•  In Re: Providian Financial Corp. Sec. Litig., C 01-3952 (N.D. Ca.) ($65 million recovery in securities fraud class action);

• Central Laborers Pension Fund v. Sirva (N.D. Ill.) (securities fraud class action alleging misleading statements in prospectus regarding health of European business and method of calculating insurance reserves violated GAAP; settled for $53.5 million); • Schulte v. Fifth Third Bank, 09-CV-06655-RMD (N.D. Ill) ($9.5 million settlement in consumer fraud class action alleging improper bank overdraft charges);

South Ferry LP #2 v. Killinger, (Washington Mutual, Inc.); United States District Court for the Western District of Washington, Civil Action No. CV04-1599C ($41.5 million recovery in securities fraud class action);

•  In Re: Dell, Inc., Securities Litig., 1:06-cv-726 (W.D.Tx.) (securities fraud class action) ($40 million recovery in securities fraud class action on the strength of the pleadings, notwithstanding an unfavorable ruling on the motion to dismiss);

• In Re: BellSouth Corporation Sec. Litig., United States District Court for the Northern District of Georgia, Civil Action No. 1:02-CV2142-WSD ($35 million recovery in securities fraud class action);

• In re Beazer USA, Inc. Securities Litigation, 1:07-cv-725-CC (N.D. Ga.) ($30.5 million recovery in securities fraud class action); • In Re: Evergreen Ultra Short Opportunities Fund Securities Litigation, United States District Court for District of Massachusetts, Civil Action 1:08-cv-11064-NMG (appointed co-lead counsel; $25 million recovery in securities fraud class action);

 • Baker v. MBNA Corp., 05-cv-0272 (D. Del.) ($25 million recovery in securities fraud class action);

• In Re: Cryolife Sec. Litig., No. 1:02-CV-01868 (N.D. Ga.) ($23.25 million settlement in securities fraud class action);

• Plymouth County Retirement Systems v. Carter’s, Inc. et al., 08-CV-2940-AT (N.D. Ga.) (appointed liaison counsel; total recovery against officers and directors and outside auditors of over $23 million in securities fraud class action);

• In Re: AFC Enterprises Sec. Litig., No. 1:03-CV-817 (N.D. Ga.) ($18 million recovery in securities fraud class action);

 • In Re: NPS Pharmaceuticals, Inc. Sec. Litig., No. 06-cv-00570 (D.Utah) ($15 million recovery in securities fraud class action);

• In Re: Internap Network Services Corp. Securities Litig., 1:08-cv-03462-JOF (appointed liaison counsel; $9.5 million settlement in securities fraud class action);

• Welmon v. Chicago Bridge & Iron Co. N.V. (S.D.N.Y.) (securities fraud class action alleging that the company was materially overstating its financial results by utilizing improper accounting and not following its publicly stated revenue recognition policies; settled for $10.5 million);

• Primavera Investors v. Liquidmetal Technologies, Inc., 8:04 CV 919 T 23EAJ. (M.D. Fla.) ($7.025 recovery in securities fraud class action);

• In re Atlas Air Worldwide Holdings, Inc. Securities Litigation, No. 02 Civ. 8334(WCC). (S.D.N.Y) ($5.5 million recovered in securities fraud class action);

 • Marsden v. Select Medical Corp., 04-cv-4020 (E.D. Pa.) ($5 million recovered in securities fraud class action);

• PLA LLC v. Advanced Neuromodulation Systems Inc., 4:05-CV-00078 (E.D. Tex.) ($5 million recovery in securities fraud class action);

 • In Re: First Horizon Pharmaceutical Corporation Sec. Litig., United States District Court for the Northern District of Georgia, Civil Action No. 1:02-CV-2332-JOF ($4.65 million recovery in securities fraud class action); and

• Friedman v. Rayovac Corp., 02-C-0308-C, 02-C-325-C, 02-C-370-C (M.D. Wisc.) ($4 million recovery in securities fraud class action).

 Commenting on the “favorable” $25 million securities fraud settlement achieved for the class, the Hon. Nathaniel M. Gorton stated:

[The recovery was] the product of considerable time and labor expended by Lead Counsel who faced novel and difficult legal obstacles …” and was “due, at least in part, to the quality of the representation provided by Lead Counsel.”

In Re: Evergreen Ultra Short Opportunities Fund Securities Litigation, United States District Court for District of Massachusetts, Civil Action 1:08-cv-11064-NMG (Dec. 12, 2012, D. Mass).

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