News

BLF WINS PLAINTIFFS' ARBITRATION VERDICT

ON BEHALF OF DEFRAUDED INVESTORS

October 22, 2010

BLF attorneys, represented a consolidated group of 22 individual investors who were the victims of a Ponzi scheme run by their investment broker.

After a multi-week arbitration hearing, BLF obtained a plaintiffs’ verdict against both of the broker’s employers, holding them jointly and severally liable for investor losses plus interest -- even as to funds the broker took many years after leaving his first employer. Shortly thereafter, BLF defeated a motion to dismiss and then settled a related lawsuit in federal court brought by additional defrauded investors.

Capewell v. Ameriprise Financial and GunnAllen (FINRA / D.N.J.).

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