Securities

Federal Laws exist which give shareholders the right to bring a private action in federal court to recover damages the shareholder sustained as a result of securities fraud. Gustafson Gluek has worked with institutional investors and has been appointed Liaison Counsel in high profile cases, including, In re St. Paul Travelers Securities Litigation I and In re St. Paul Travelers Securities Litigation II, which resulted in favorable outcomes for the investors.

In re St. Paul Travelers Securities Litigation I and II (D. Minn.):

Gustafson Gluek, served as liaison counsel in both of the St. Paul Travelers Securities Litigations. At issue in the cases were public statements as well as material omissions St. Paul Travelers made that negatively impacted the stock prices of the Company. On behalf of New Mexico State Funds, Gustafson Gluek worked to litigate the two separate class actions against St. Paul Travelers, resulting in multi-million dollar settlements.