Following his conviction, one investor sued to recover their losses.
Of course, investors can opt out of a class action and sue on their own.
Diamond-company investors sued him, and he settled the cases for an undisclosed sum.
Congress is also changing the rules governing how and when an investor can sue for securities fraud in Federal courts.
The investors sued the cooperative's accountant, saying that the financial statements had been fraudulent.
One investor sued the board, claiming that Giuliani's contributions had not been worth the large amount paid.
Last fall, investors sued Hyperion Capital over the performance of the 1999 fund.
In late 2003 a disgruntled investor sued the developer for "misleading and deceptive conduct".
In April, the California court ruled that an investor who held a stock based on fraudulent financial statements could indeed sue.
Eventually his investors ran out of patience, and sued Hebern for stock manipulation.