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...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.