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| In re American Mobile Systems Securities Litigation |
We were co-lead counsel for AMS stock purchasers defrauded by a scheme that misrepresented AMSâ assets. More than $107 million of unauthorized transfers were made between AMSâ accounts and other companies controlled by AMSâ president. Shareholders lost their investments when the scheme collapsed. We settled this case for AMSâ investors against AMS and its auditors for over 60% of the losses claimed, net of attorneysâ fees and expenses. |
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