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.
Squitieri & Fearon, LLP is currently investigating claims on behalf of participants in the Wells Fargo & Company 401(k) Plan who invested their retirement assets in Wells Fargo’s mutual funds — known as “Target Date Funds”. Those funds generally cost at least two times more than comparable target date funds and often underperformed the other funds. Wells Fargo overcharged participants in the plan by charging fees for managing the funds and for managing index funds underlying the target date funds. In effect, Wells Fargo was double-dipping on its fees. Over time, these higher fees significantly decreased the retirement assets available to the participants in the Wells Fargo 401k plan. As a result, participants in the 401k plan who invested in the Wells Fargo funds lost millions of dollars in retirement assets that instead went directly to Wells Fargo and some of its related entities.
The funds with these higher fees included the following Wells Fargo Dow Jones Target Date Funds:
the Wells Fargo Dow Jones Target Today Fund;
the Wells Fargo Dow Jones Target 2010 Fund;
the Wells Fargo Dow Jones Target 2015 Fund;
the Wells Fargo Dow Jones Target 2020 Fund;
the Wells Fargo Dow Jones Target 2025 Fund;
the Wells Fargo Dow Jones Target 2030 Fund;
the Wells Fargo Dow Jones Target 2035 Fund;
the Wells Fargo Dow Jones Target 2040 Fund;
the Wells Fargo Dow Jones Target 2045 Fund;
the Wells Fargo Dow Jones Target 2050 Fund;
the Wells Fargo Dow Jones Target 2055 Fund; and
the Wells Fargo Dow Jones Target 2060 Fund.
If you were a participant or if you know someone who was a participant in any of the above-mentioned plans you may be eligible to receive compensation through a class action lawsuit. 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.
ZOOM VIDEO COMMUNICATIONS, INC. INVESTIGATION
Squitieri & Fearon, LLP is investigating claims that the directors and executive officers of Zoom Video Communications, Inc., knew but failed, throughout 2019 and early 2020, to disclose material information about security deficiencies in its systems and protocols until March and April 2020. When such information was revealed, Zoom’s stock price declined over $29.00 in one day. Even as shareholders were paying inflated prices for Zoom stock, its officers and directors were selling over 170 million dollars of Zoom stock before the truth about Zoom’s systems was revealed.
Squitieri & Fearon is investigating whether Zoom’s officers and directors who sold over 170 million dollars of Zoom stock breached their fiduciary duties to Zoom and whether those directors and officers should repay to Zoom such insider trading profits.
Squitieri & Fearon, LLP is investigating claims to hold the directors and officers accountable for their conduct and dereliction of duties and harm to Zoom.
If you suffered losses on your investments you may be eligible to receive compensation through a class action lawsuit. 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.
Zuora, Inc. Investigation
Squitieri & Fearon, LLP is investigating claims that officers and directors of Zuora, Inc. (NYSE:ZUO) covered up problems in its integration of a 2018 acquisition and allowed investors to purchase Zuora stock at inflated prices from 2018 through May 2019. In May 2019, Zuora was forced to admit the problems and reveal that its revenues and earnings had been negatively impacted. Upon that news, Zuora’s stock price collapsed from approximately $20.00 per share to about $13.00 dollars per share and then continued to decline.
During the period of that cover up, company insiders sold approximately $38 million of their Zora stock and avoided the massive losses experienced by the Company’s shareholders.
Squitieri & Fearon, LLP is investigating claims seeking to hold Zuora’s officers and directors liable for their dereliction of duty and to recover for the Company the insider trading profits those officers and directors unlawfully earned.
If you are or were a Zuora shareholder or if you know someone who is or was a shareholder, you may be eligible to receive compensation through a class action lawsuit. Please contact Lee Squitieri 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.
If you have suffered loss from an action not described above, please click here to Report Your Case.