Salomon Smith Barney Analysts Mislead Investors
Salomon Smith Barney stock
fraud accusations are based in findings that stock analysts misled investors
about stocks' performance. Investigators claim Salomon Smith Barney,
a subsidiary of CitiGroup, obtained investment banking business by agreeing
to give favorable analyst reports to corporate clients' stocks without
actually analyzing them.
Specific cases where Salomon
Smith Barney stock fraud potentially played a key role include their
relations with WorldCom, formerly a powerhouse
in telecommunications. Salomon Smith Barney stock fraud is suspected
to include stock offerings to key WorldCom executives, while ensuring
that WorldCom would make quick financial gains in exchange for future
company deals. Other Salomon Smith Barney stock fraud allegations include
influencing investors to make bad investments in client companies.
If you have purchased shares
in any of the following stocks from Salomon Smith Barney, you may have
a potential stock fraud claim. Contact the
Consumer Justice Group immediately for an evaluation of your case.
- Adelphia Business Solutions
- AllegianceTelecom
- AT&T
- Broadwind
- Carrier 1
- Flag Telecom
- Focal Communications
- Global Crossing
- GTE
- Intermedia
- Level 3 Communications
- McCleod USA
- Metromedia Fiber Networks
- Nextlink
- Pacific Gateway
- PSI Net
- Qwest
- RCN Communications
- Rhythms NetConnections
- Rogers Wireless
- Williams Communications Group
- Winstar
- XO Communications
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The Investment & Stock Fraud News is a service of the Consumer Justice Group.
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