Securities Litigation

The attorneys at Markovits, Stock and DeMarco have been at the forefront of some of the largest securities litigation matters in US History.  Our demonstrated success in this field starts with our attorneys, who have unmatched experience in securities fraud class action and other complex securities litigation.

As evidenced by the following representative cases, the lawyers at MSD have been uniquely successful in prosecuting some of the largest, most complex securities litigation matters in history.

  • In Re Fannie Mae Securities Litigation, U.S. District Court, District of Columbia, Consolidated Civil Action No. 04-cv-01639.  The Ohio Attorney General appointed Markovits, Stock & DeMarco to serve as Lead Counsel for Lead Plaintiffs Ohio Public Employees Retirement System and State Teachers Retirement System of Ohio and the class in this securities fraud class action against Fannie Mae, three former senior officers of Fannie Mae, and KMPG (Fannie’s former auditor).
  • Ohio Public Employees Retirement System v. Freddie Mac, et al., Case No. 4:08CV0160, U.S. District Court, Northern District of Ohio.  The Ohio Attorney General appointed Markovits, Stock & DeMarco to serve as Co-Lead Counsel for Lead Plaintiff Ohio Public Employees Retirement System in this securities class action.  This case arises out of Defendants’ misrepresentations and reckless conduct during the class period concerning Freddie Mac’s subprime investments.  Without public disclosure, Defendants are alleged to have repeatedly violated Freddie Mac’s own underwriting guidelines and had virtually no responsible credit management or fraud detection in loans, leading to billions of dollars of losses for the company and the appointment of a Conservator for Freddie Mac.  Defendants’ motions to dismiss were denied and discovery is now being conducted.
  • In Re Choice Care Litigation, United States District Court, Southern District of Ohio, Western Division.  Bill Markovits of MSD served as one of the lead trial attorneys for a class of Ohio physicians in a securities fraud, antitrust and RICO class action litigation.  Through Mr. Markovits’s efforts, a jury awarded his clients’ over $100 million.
  • In re Mutual Funds Investment Litigation (Putnam Track), Case Nos. 1:04-cv-15863-JFM and 1:04-cv-00560-JFM, U.S. District Court, District of Maryland.  After reassignment from Milberg Weiss in June 2006, Louise M. Roselle represented the Ohio Tuition Trust Authority and the class in litigation against Putnam Investments, Prudential Securities, Inc. and Banc of America Securities regarding the “market timing” of Putman mutual fund transactions.  The parties settled the case in 2010.