Securities Fraud Lawyer - Kendall Square Securities Litigation

Working together with several other law firms, Shapiro Haber & Urmy LLP successfully achieved settlements totaling over $16.8 million for shareholders of Kendall Square Research Corporation, a now-defunct supercomputer manufacturer in Waltham, Massachusetts. The suit alleged that officers and directors of Kendall Square deliberately overstated sales and revenues from the company's supercomputer products, and that these actions inflated the price of the company's common stock. Among the settling defendants was Price Waterhouse LLP, which had served as the company's outside auditors and had certified the company's public financial statements.