Securities, Shareholder & Derivative Actions
Wilentz, Goldman & Spitzer, P.A. has significant experience in the area of securities regulation and corporate governance. Wilentz has represented both individual and institutional investors in shareholder class actions alleging violations of the Securities Exchange Act of 1934 (the"1934 Act"). The 1934 Act provides the opportunity for victims of securities fraud to seek recovery for damages through private action in federal court by providing guidelines for filing securities fraud claims.
Our attorneys also have experience in derivative actions – lawsuits filed by shareholders, in the name of the company, against third parties. In many instances the derivative action is brought against the directors and officers of the company for their corporate wrongdoing. Derivative suits permit a shareholder to bring a cause of action when corporate management has failed to do so.