Securities Lawyers Working for You
We represent investors who suffered financial losses as a result of securities fraud, Ponzi schemes, or abusive practices by financial institutions. We are securities lawyers who work for shareholders harmed by poor corporate governance, breaches of fiduciary duties, or unfair dealing.
The United States securities laws derive from two common-sense notions:
- Companies offering securities for investment dollars must tell the public the truth about their businesses, the securities they are selling, and the risks involved in investing.
- People who sell and trade securities – brokers, dealers, and exchanges – must treat investors fairly and honestly, putting investors’ interests first.
When corporations adhere to these basic principles, capital markets become far more active, efficient, and transparent, which, in turn, facilitates the capital formation so important to our nation’s economy. However, that is not always the case.
Our lawyers represent individual investors, domestic and foreign pension funds, and Taft Hartley funds. We level the playing field for our clients and consistently produce stellar results, having recovered billions of dollars for investors harmed by securities and investment fraud.
Even if you think your claim is too small, you may be able to unite with other investors who have the same claim and proceed as a class. At no cost to you, we can advise you of your options. If you think you have been harmed as a result of investment fraud, please contact Paul Scarlato or Mark Goldman.
We represent consumers and business owners harmed by violations of federal and state antitrust laws.
Antitrust laws protect competition. Free and open competition ensures fair prices in the market and facilitates new and better products.
In a freely competitive market, competing businesses vie for customers by cutting prices and increasing the quality of products or services.
But, when competitors agree to fix prices, rig bids, or allocate (divide up) customers, consumers lose the benefits of competition, and the prices that result are artificially high. The antitrust laws are meant to prevent these anti-competitive practices.
Many consumers and small businesses are not aware of the antitrust laws, but when those laws are enforced, consumers save millions and even billions of dollars a year by eliminating illegal overcharges. The federal antitrust laws provide a remedy for all persons who purchased price-fixed goods directly from the violating manufacturer or provider of services. In some states, even a consumer or small business who overpaid for a product because it contained a price-fixed product can file suit.
We represent consumers and business owners who purchased products that were misrepresented, defective or didn’t perform as advertised, or who were the victim of deceptive consumer practices.
Many think that consumer fraud only affects unwitting people who are all too willing to be duped. In truth, even the most savvy customer can fall victim to fraud. According to the Federal Trade Commission (FTC) 30 million adults a year fall prey to consumer fraud. It may be as simple as purchasing an “all natural” product that contains genetically modified ingredients, or it may be as devastating as having one’s identity stolen. Consumer fraud can take place in person, by telephone or mail, or over the Internet.
Because consumer fraud often involves many victims, and because each victim’s losses are often relatively small, consumer class actions are often the only remedy available to defrauded consumers.
Data Breach & Identity Theft
In modern society, we are forced to provide service providers with personal information that we are promised will remain private. Health insurance companies keep records of our medical conditions. Retail stores, online merchants, financial institutions and other service providers keep records of our credit card numbers, names, phone numbers, home and email addresses, and sometimes even our Social Security numbers. We expect that these providers will take steps to safeguard the privacy of our private information.
All too often, companies with whom we do business are failing us.
Goldman Scarlato & Penny, P.C. represents owners or lessees of cars, trucks, motorcycles or boats in class action lawsuits involving defective parts or safety defects. Potential claims could involve:
- Manufacturers failing to uphold warranties as promised,
- Parts that fail prematurely, or
- Design defects causing serious safety issues, or other problems such as catastrophic engine failure.
A defective component or design defect can result in expensive repairs or other out of pocket costs for consumers, or make vehicles unsafe to drive. Often, when one person is dealing with a vehicle defect, many people are in the same situation. Class action lawsuits allow consumers to join together and bring claims against the manufacturers of the defective product, and often result in significant benefits for consumers, such as free repairs and inspections, reimbursement for repairs already made, extended warranties, and reimbursement for rental costs.
Insurance / Financial Products Litigation
People purchase insurance to protect themselves against risks they are ill-prepared to face on their own. They purchase financial products and services to plan for the future. Both endeavors depend largely upon trust—trust the insurance company will be there for you when you need them most, or trust the financial products and services you pay for actually put your best interests first.
Unfortunately, it is all too often the case that an individual or small business pays for these products, only to get far less than expected. That’s what can happen when insurance and financial services companies, seeking to benefit their bottom line, adopt policies and practices that put their own interests first.
We are here to help you level the playing field against these.
Goldman Scarlato & Penny, P.C. attorneys have litigated cases against insurance companies that “force placed” expensive homeowners’ insurance on its clients. Our attorneys have challenged incorrect deductible calculations made by a health insurance company that shortchanged its subscribers and we have challenged life insurers’ practice of charging premiums for a period of time before they provide coverage.
If you think you have been misled by an insurance company in connection with your purchase of an insurance or financial product sold to you by that company, please contact Brian Penny at email@example.com or call (484) 342-0700.
Dangerous drugs and defective medical devices injure thousands of people every year. Even drugs and devices that are approved by the Food and Drug Administration (“FDA”) may have serious side effects that go undetected. Off-label use of prescription drugs can also result in unfortunate consequences.
For patients affected by a dangerous drug, or a defective medical device, a lawsuit may be necessary to recover financial compensation for medical expenses, pain and suffering, lost income, and other costs incurred due to the devastating side effects of taking prescription medication.
If you think you have been injured in connection with your use of a drug or defective medical device, please contact Brian Penny at firstname.lastname@example.org or call (484) 342-0700.