Class Action Litigation
Zamansky & Associates has filed a number of important securities class action lawsuits.
We not only use class action lawsuits to recover losses, but to shed light on industry wrongdoing and restore confidence to the marketplace.
Following is a partial list of class action lawsuits Zamansky & Associates is involved with or leading:
Fiserv-Madoff Litigation
On September 30, 2009, the Federal Court in Colorado issued an Order appointing Lovell, Stewart, Halebian, LLP as interim lead counsel for the class in the Fiserv-Madoff Class Action.
Pursuant to Lovell, Stewart’s litigation plan, Zamansky & Associates, LLC will be working with lead counsel in prosecuting the class action. Our responsibilities will include dealing with class members and assisting in the discovery and research phases of the case.
For more information, please click here.
Agape-Bank of America Litigation
We filed an amended class action complaint on behalf of all Agape investors against Bank of America and other entities relating to the Agape Ponzi scheme. A copy of the complaint can be found here. The district court dismissed the amended complaint, and we have appealed its ruling with regard to Bank of America to the Second Circuit Court of Appeals in Manhattan.
**02/15/12 Update **
On January 26, 2012, the United States Court of Appeals for the Second Circuit issued a summary order affirming the federal district court’s dismissal of plaintiffs’ suit against Bank of America. The Court explained its reasoning in the attached decision. Plaintiffs’ counsel do not plan to file a further appeal or to request rehearing. With questions, please contact us at (212) 742-1414 or jake@zamansky.com.
Please check this website for further updates.
Citigroup FACAP
Zamansky & Associates was appointed co-lead counsel for the class action lawsuit, Brecher et al. v. Citigroup, Inc. et al. 09-cv-606, prior to its transfer to the United States District Court in the Southern District of New York. The class action alleges, among other things, that Citigroup made misrepresentations about its financial condition and subprime-related holdings which resulted in damages to FA CAP stock and options, and that the vesting and forfeiture provisions of FA CAP stock and options may be unlawful under local state laws which protect earned wages.
For more information, please click here.