Securities and Financial Products Litigation

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DiCello Levitt’s Securities and Financial Products Litigation Practice Group represents individuals and institutional investors of all sizes—including banks, pension funds (including many police and fire funds), and fund managers—that have suffered losses due to financial malfeasance and failure to comply with securities regulations. DiCello Levitt pursues the bad actors and obtains compensation for investors’ losses.

DiCello Levitt’s attorneys are recognized as leading experts in prosecuting securities and accounting fraud claims. Our team members have led some of the most complex and notable securities actions ever filed and have recovered tens of billions of dollars for pension fund retirees and other investors.

DiCello Levitt’s attorneys have a proven track record of securing landmark financial recoveries and advancing meaningful reforms in a variety of cases, including those involving omissions and nondisclosure, fraudulent statements and financial schemes, deceptive trade practices, and breaches of duty, as well as matters of market manipulation, takeovers and proxy disputes, and insider trading.

DiCello Levitt’s attorneys have won some of the highest-profile securities actions ever filed. Many of our lawyers have worked for the U.S. Department of Justice, prosecuting financial crimes such as those arising from the residential mortgage-backed securities crisis. Collaborating with a team of e-discovery specialists, investigators, and forensic accountants with federal and state law enforcement experience, our attorneys are quick to grasp complex structured finance issues, from mortgage-backed and asset-backed collateralized debt obligations to credit-default swaps and credit-linked notes. When we suspect financial misconduct, we initiate an investigation, determine what happened, and ultimately present compelling evidence to secure the necessary and typically massive recoveries for our clients.

DiCello Levitt offers portfolio monitoring via its Global Securities Review, which monitors potential and pending class action securities litigation, including potential actions involving securities purchased on foreign stock exchanges located outside the United States as well as independent securities actions based on state law claims. We also analyze the respective interests of all clients based on their holdings and exposure during the relevant periods. We provide monthly customized reports to each client, detailing the securities fraud class actions and shareholder derivative actions in which that specific client may have an interest, including case summaries, claim details, estimated losses on both last-in, first-out (LIFO) and first-in, first-out (FIFO) bases, and other relevant information. We deliver interactive, real-time internet access to data, analysis, and all other relevant information contained in the monthly reports.

Representative Matters

Goldenberg v. NeoGenomics Inc., et al. 
DiCello Levitt serves as Co-Lead Counsel in this securities class action against NeoGenomics, Inc. and certain of its current and former executives. The action arises out of allegations that NeoGenomics misrepresented the turnaround times for medical testing.

Devlin v. Equitable Financial Life Insurance Company

DiCello Levitt serves as Lead Counsel on behalf of hundreds of thousands of public school teachers and other employees who invested in EQUI-VEST variable annuities through retirement plans in a securities class action against Equitable and certain of its executives. The lawsuit alleges that Equitable misrepresented the fees and expenses being charged on EQUI-VEST annuities.

In re Initial Public Offering Securities Litigation

DiCello Levitt Founding Partner Adam Levitt served on the Plaintiffs’ Executive Committee, recovering more than $500 million for shareholders.