We represent governments when they are victims of securities and healthcare frauds.
Protecting State, Local and Federal Governments
Wexler Wallace helps governments and their entities recover the funds taken from them through the unlawful conduct of others. Ultimately, those funds belong to taxpayers, who are the intended beneficiaries of government services. Wexler Wallace believes that government officials have not only the right, but also the obligation, to try to recover the wrongfully taken assets of their constituents.
Our state, local and federal governments are often victims of the same securities and healthcare frauds that are inflicted on businesses and individuals in the private sector. The government is an insurer through Medicare or Medicaid, and therefore overpays when brand name pharmaceutical manufacturers unlawfully suppress generic competition for their drugs.
Similarly, through its treasuries and pension plans, the government is an investor. Thus, when false and misleading statements are issued by public companies, it is subject to the same securities fraud damages as are private investors. Governments are also owed fiduciary duties in certain circumstances, and are parties to contracts that involve many millions of dollars. When there are breaches, the government can suffer significant damages.