Securities Fraud
Class Action
Our Most Recent Cases
For nearly 20-years Mr. Miles has helped lead the fight to protect shareholders from corporate securities fraud. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has help recover hundreds of million of dollars on behalf of defrauded investors and has helped recover hundreds of millions of dollars as well as significant corporate governance changes to deter this type of future conduct by corporations and their executives.
Schuh v. HCA Holdings, Inc., No 3:11-01033
(M.D. Tenn.) (Sharp. J.) (Liaison Counsel) (record-setting $215 million settlement). This case was brought alleging claims arising out of the alleged failure of HCA to disclose material information to the public in connection with the company’s 2011 IPO. More specifically, Lead plaintiff alleged that defendants were liable for failing to disclose...
Garden City Emps.’ Ret. Sys. v. Psychiatric Solutions, Inc., 3:09-cv-00882-WJH
(M.D. Tenn.) (Haynes, J.) (Liaison Counsel) ($65 million settlement). This case was filed on September 21, 2009, on behalf of purchasers of Psychiatric Solutions, Inc. (“PSI”) stock during the February 21, 2008 through February 25, 2009 class period against certain of its current and former officers allegeing that PSI, which operated more than 95...
Sidney Morse, et al. v. R. Clayton McWhorter, et al., No. 97-CV-0370
(M.D. Tenn.) (Higgins, J.) (Member of Plaintiff’s Steering Committee). This case alleged that, beginning as early as April 1990, and continuing to the present time, defendants engaged in a massive fraud to inflate Columbia’s revenues and earnings of by fraudulently obtaining from the United States and other third-party insurers hundreds of...
Other examples of securities fraud class actions Mr. Miles played a significant role in, with substantial recoveries were obtained include:
- Beach et al. v. Healthways, et al., Civil Action No. 3:08-00569Â (M.D. Tenn. (Campbell, J.) (Liaison Counsel) ($23.6 million recovery).
- In re Direct General Corporation Securities Litigation, Civil Action No. 3:05-0077Â (M.D. Tenn. (Campbell, J.) (Liaison Counsel) ($14.96 million recovery including $2.96 million recovered from the individual defendants).
- In re America Service Group Litigation, No. 3:06-cv-00323 (M.D. Tenn.) (Haynes, J.) (Liaison Counsel) ($14.894 million recovery).