Breaking Cases/Current Investigations

In re American Mobile Systems Securities Litigation

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