Union pension funds control about $6 trillion. They own almost 25 percent of all the stock issued by U.S. based corporations. Yet each year, securities fraud depletes union members’ hard-earned retirement assets. As a fund trustee, you can either let it happen, or you can discharge your fiduciary duties and do something about it.

Serving as a lead plaintiff in federal securities fraud class action litigation enhances your chances for a better recovery of your members’ pension monies and sends a clear message to Corporate America: union-sponsored pension funds will no longer tolerate fraud and the illegal depletion of their members’ pension assets. But in order to serve as a lead plaintiff, you must file a motion with the court within 60 days after a plaintiff files a case seeking class action status. Without someone monitoring your investments and the dozens of class action cases that are filed each week in federal courts throughout the country, you will be unable to discharge your fiduciary duties and seek a leadership role in an appropriate case.

Schoengold Sporn Laitman & Lomettii monitors, at no charge, all stock and bond investments made by its clients for potential fraud (a suitable confidentiality and non-disclosure agreement is available for your protection). If and when fraudulent activity is detected in a company in which your fund owns stock, you are immediately notified so that a decision can be made by you and your fellow trustees within the 60-day deadline on how to proceed. As an added bonus, we can assist our clients with processing claim forms in conjunction with settled cases, further enhancing your chances of recouping all that you are entitled to receive.

Best of all, our monitoring services are provided free of charge with the knowledge that as and when you decide to seek to become a lead plaintiff, our team of nationally recognized class action attorneys who handle all their cases on a contingency fee basis and are available to serve as class counsel at no out-of-pocket cost to you.

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Pension Fund Investors

Individual Investors

Summary Of PSLRA

Securities Fraud Protection
& Recovery Services