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Judges are less likely to dismiss class securities cases where the company has restated its financials, statistic show. Jacob Zamansky of Zamansky LLC commented, “If the restatement shows that the company was falsely trying to dress up its balance sheet, those are cases where investors are likely to recover and […]
Current and former Exxon employees, represented by Zamansky LLC, are asking the following question: “Did Exxon Mobil’s communications about climate change break the law?” Zamansky LLC filed suit in February on behalf of current and former Exxon employees who believe the answer is “yes.” The lawsuit argues that Exxon “deceived […]
The new fiduciary duty rule, one of the most important developments in investor protection in decades, is bouncing awkwardly around Washington like a football after its kickoff. Where will it land? And with the Republicans in control of the nation’s capital, will anyone pick it up and race across the […]
Zamansky LLC Partner Samuel Bonderoff discusses the parallels between how Exxon Mobil handled climate change and how big tobacco companies handled the link between cigarettes and cancer in a radio interview featured on Austin’s NPR Station, KUT 90.5. Mr. Bonderoff also discusses the firm’s representation of current and former Exxon […]
As the stock market coasts along at all-time highs, market observers are sensing that a big correction – a fall of at least 10% in the broad market – is on the horizon. At a time when many observers say financial hazards are sharply increasing, Wall Street firms are pumping […]
A reformed con man is closer to recovering the $2 million he lost as a victim of a Ponzi scheme. He borrowed the money from retired Major League Baseball outfielder Shannon Stewart who played for the Toronto Blue Jays, the Minnesota Twins, and the Oakland Athletics. Any recovered funds will […]
The Financial Industry Regulatory Authority (FINRA) has announced the merger of two separate enforcement programs. The program that focuses on member firms will be merged with the program that focuses on over-the-counter trading. Jacob Zamansky told Bloomberg BNA that “It’s an appropriate move to merge, and hopefully it will make […]
Last month, the Republican controlled House of Representatives passed the “Financial Choice Act,” which, if passed in the Senate, and then signed into law, would gut reforms to the financial system created by the 2010 Dodd-Frank Act. Democrats immediately dubbed it the “Wrong Choice Act” because it would eviscerate Dodd-Frank, […]
The law firm is investigating the collapse of EnerVest Ltd. (“EnerVest”), the $2 billion private-equity fund based in Houston, Texas. EnerVest reportedly raised over $1.3 billion in 2013 and borrowed heavily to invest in oil and gas wells before energy prices plummeted. Now EnerVest’s lenders are negotiating to take control […]
Defendants asked a Texas federal court to dismiss a class action suit brought by Zamansky LLC on behalf of Exxon employees. The suit alleges that Exxon hid its knowledge of climate change and made false and misleading disclosures causing its retirement plan to lose value. Zamansky LLC partner Samuel Bonderoff […]