Setting The Record Straight About Securites Fraud Investigation Press Releases

We have received negative reviews on sites like Google from people who are not clients of our firm, but who generally seem disappointed when we announce we are investigating a company for potential securities fraud or that a litigation has been filed against a company. We want to set the record straight.

Fact: We have never coordinated with or communicated with a short-seller before they issue a report.

Our firm does not have any relationships with any short sellers, we receive no advance notice of short seller reports, and we do not coordinate with short sellers. We sometimes will investigate a company accused by a short seller of engaging in wrongful conduct, but that investigation is triggered by the short seller’s publication of its allegations. We never coordinate with a short seller before their report has been issued, nor do we begin an investigation of a company before a company’s stock has declined.

Fact: We launch stock fraud investigations only after a company's stock has declined; never before.

Our firm prides itself on recovering money for shareholders who have suffered losses because of fraud and other securities law violations. We do not issue investigative press releases until after news has come out revealing information about the purported fraud or violation. Indeed, to succeed in a securities fraud lawsuit, we must show that the stock price declined as a result of the revelation of the fraud. Releases issued by our firm do not independently serve as the revelation of fraud. We issue an investigative release only after a stock has already declined.

Fact: Our firm does not short stocks or trade in the securities of companies we are investigating.

Some people believe our firm issues press releases as part of a targeted short-selling campaign. Our firm never trades in or shorts stocks associated with the companies we are investigating.

Fact: Federal law requires firms like ours to issue press releases after a securities fraud case has been filed.

Under the Private Securities Litigation Reform Act of 1995, firms like ours are required to issue press releases announcing the filing of a federal securities lawsuit. These press releases are intended to inform potential class members about their ability to serve as a lead plaintiff in any such action.

Fact: We are unaware of any actual client of the firm who has left a negative review on any website.

We do not believe that any of the negative reviews on various review websites come from actual, retained clients of our firm.

If you have any questions at all about one of our press releases, we invite you to get in touch with us. We are happy to discuss all the facts. Call Dan Paglia at (617) 398-5660 or email us at cases@blockleviton.com.

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