Greenberg Traurig Served Securities Fraud Suit

Law360, New York (August 3, 2006, 12:00 AM EDT) -- Several former UCAP Inc. investors have filed a securities suit against Greenberg Traurig, accusing the firm of “pump and dump” stock schemes.

The lawsuit alleges that during the two-month period between January 2, 2003 and February 28, 2003, Greenberg Traurig assisted four executives who ran the company in the issuance of over five million shares of inflated UCAP stock.

A “pump and dump” is the same as a stock dump, where fraudsters buy stock, tout it and convince people to invest, often through the Internet, then...
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