FOR IMMEDIATE RELEASE:Contact:Kim T. Sanders, Managing PartnerPHAEDEAUX, LLCPhone: 262-965-4832Fax: 262-965-4823e-mail protected from spam bots www.phaedeaux.com U.S. Courts Award Corporate Fraud Victims 27 Times Compensatory DamagesSkokie, IL (ContentDesk) October 28, 2003 Whether committed by a giant U.S. corporation or an international corporation doing business in America, victims of corporate fraud and racketeering sustain devastating economic losses but hesitate to seek a legal remedy.
Most of the victims do not have the funds to withstand a protracted and expensive litigation. Others do not believe in the American judicial system, which may render unpredictable results. Any domestic or foreign company may bring a corporate or consumer fraud action in the United States against an American or international corporation doing business in America to pursue justice under the U.S. legal system.
Enron, WorldCom, Tyco, Quest, Adelphia or ImClone schemes), pension fund, fiduciary (violation of a fiduciary duty established by the total financial control over the investor’s funds) and consumer fraud matters. Corporations violating their own published policies and contractual terms, setting up phony charges for consumers, hiding their actual intentions, data and schemes, fixing prices with competitors and misstating the facts to lure the parties into transactions are committing corporate fraud.
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