Select Cases

Squitieri & Fearon, LLP represents plaintiffs and large groups or classes of individuals who have suffered losses as a result of the misdeeds of corporations or other individuals. Below is a sample of some of the notable cases that Squitieri & Fearon, LLP is prosecuting.

AIG I and AIG II ERISA Litigation:

In October 2008, along with co-counsel, Squitieri & Fearon successfully recovered $24.2 million on behalf of the plans and their participants. In re AIG ERISA Litigation, No. 04 Civ. 9387 (JES) (S.D.N.Y.) (AIG I). Click here to review the Court’s October 2008 decision approving the parties’ settlement.

In June of 2008 we brought a separate class action against AIG and certain other defendants on behalf of participants in AIG’s retirement plans including the AIG Incentive Savings Plan, the American General Agents’ & Managers’ Thrift Plan and the CommoLoco Thrift Plan. In re AIG ERISA Litigation II, No. 08 Civ. 5722 (LTS) (S.D.N.Y.). more »

American Spectrum REIT I Investigation:

Squitieri & Fearon, LLP is investigating claims on behalf of investors who lost money by purchasing shares of American Spectrum REIT I from a stockbroker or investment advisor.  American Spectrum Advisors recently offered to purchase 1.6 million shares of American Spectrum REIT I Inc. for $1.25 per share.  That offer represents a loss of 87.5% of value, as the fund’s shares were originally offered to the public at $10.00 per share.

If you purchased shares in American Spectrum REIT I from a stockbroker or investment advisor, you may be able to recover your losses.  Please contact Stephen J. Fearon, Jr. by e-mail at stephen@sfclasslaw.com or by phone at (212) 421-6492.

You can also complete the following form, and someone from the firm will contact you.

 


    Any information that you submit will be maintained as confidential. If Squitieri & Fearon, LLP, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Squitieri & Fearon, LLP will contact you to discuss the matter and whether to establish an attorney client relationship.

American Water Resources investigation:

American Water Resources — Deceptive Repair and Warranty Program for Water and Sewer Line Repair Investigation

Squitieri & Fearon, LLP is investigating claims that American Water Resources charged consumers for warranties or service contracts that were supposed to cover the costs of repairs if a homeowner’s sewer line or water line was damaged. we have heard from consumers who say that they were charged and paid for American Water Resources’ line protection program but when they had a problem that should have been covered, American Water Resources failed to pay for the repairs, leaving the homeowner to pay for the repairs. This includes coverage programs that were billed as part of the monthly water bills.

If you or someone you know has been charged for the coverage programs but was required to pay for repairs that should have been covered,  please complete the following form, and someone from the firm will contact you.


American Water Resources Investigation

    Any information that you submit will be maintained as confidential. If Squitieri & Fearon, LLP, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Squitieri & Fearon, LLP will contact you to discuss the matter and whether to establish an attorney client relationship.

Babcock & Wilcox Investigation:

Squitieri & Fearon, LLP is investigating  fiduciary breaches by the Directors of Babcock & Wilcox (“BW”).

BW is a New York Stock Exchange traded company which plunged almost 80% in price during 2017.

During 2017, BW Directors approved the repurchase of approximately 4.4 million shares of BW stock from a large activist shareholder at a price of approximately $10.50 per share one day before the BW stock price plunged to $2.70 upon the announcement on August 9, 2017 of the results of another disastrous quarter (ended June 30, 2017). The purported justification for the stock repurchase that cost BW approximately $50 million was the extension to BW by the parent of the activist investor of an approximately $130 million loan at an interest rate of 10% payable on or before 2020.  However BW’s repurchase of shares from the activist investor came only three months after the activist shareholder had filed a form with the SEC indicating that the activist may seek, among other things, a change in the directors and/or  management of BW.

We are investigating claims that BW directors breached their fiduciary duties to BW by allowing company funds and debt to be used to repurchase stock at artificially high prices when both the activist shareholder and BW directors knew that the BW stock was poised to plummet upon announcement of the weak second quarter results.

If you or someone you know has been an investor in BW stock and still currently owns BW stock, and would like to learn more about our investigation, please fill out our online form, or contact lee@sfclasslaw.com or by phone at (212) 421-6492.

 


Babcock & Wilcox Investigation

    Any information that you submit will be maintained as confidential. If Squitieri & Fearon, LLP, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Squitieri & Fearon, LLP will contact you to discuss the matter and whether to establish an attorney client relationship.

BNY-Mellon, Legg Mason, Alliance Bernstein and Invesco Proprietary 401(K)Performance and fee Investigation:

BNY-Mellon, Legg Mason, Alliance Bernstein and Invesco PROPRIETARY 401(k)PERFORMANCE AND FEE INVESTIGATION

Squitieri & Fearon, LLP is investigating claims regarding 401(k) accounts of employees of BNY-Mellon, Legg Mason, Alliance Bernstein and Invesco.  Preliminary investigation has uncovered that each of BNY-Mellon, Legg Mason, Alliance Bernstein and Invesco have inserted within each of their respective employee 401(k) plans a menu of investment options which includes large amounts of their own proprietary funds, thus allowing each of them to earn fees from their employees’ retirement savings.

Many of the employer proprietary funds offered in each of the respective 401(k) plans have underperformed peer benchmarks and impose higher than average fees, thus costing the holders of the 401(k) accounts potentially thousands of dollars in lost retirement savings per account.  These employers’ inclusion of their own proprietary funds in their employees 401(k) accounts may constitute a violation of the regulations which forbid such arrangements under the “prohibited transactions” provisions of The Employee Retirement Income Security Act of 1974 (“ERISA”).

To join this class action lawsuit, please contact Lee Squitieri, Esq. by e-mail at lee@sfclasslaw.com or by phone at (212) 421-6492.

You can also complete the following form, and someone from the firm will contact you.

 


BNY-MELLON, LEGG MASON, ALLIANCE BERNSTEIN AND INVESCO PROPRIETARY 401(K)PERFORMANCE AND FEE INVESTIGATION

    Any information that you submit will be maintained as confidential. If Squitieri & Fearon, LLP, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Squitieri & Fearon, LLP will contact you to discuss the matter and whether to establish an attorney client relationship.

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