Recent Updates
May 17, 2012
Sonn & Erez Obtains Another Award Against Morgan Keegan
April 04, 2012
Sonn & Erez Wins Full Recovery for Investor in Fannie Mae Preferred
March 12, 2012
Sonn & Erez Recovers Full Out-Of-Pocket Loss, Costs and Punitive Damages
March 05, 2012
Sonn & Erez Recovers Full Principal Loss With Interest for Losses in Municipal Bonds Linked to Lehman Brothers
January 30, 2012
Sonn & Erez Wins Big Against Morgan Keegan
This blog is published by Sonn & Erez, a law firm dedicated to representing investors who are the victims of financial fraud and misconduct. This blog is dedicated to bringing you the latest in news stories about financial scams, swindles and crimes. Sonn & Erez reports on cases of Structured Notes, Ponzi Schemes, Stock & Bond Fraud, Commodity & Options Fraud, Mutual Funds, Auction Rate Securities, Foreign Currency Fraud, Pension Fraud, Accounting Fraud, Supervision Violations, Real Estate & Mortgage Fraud, and other Financial Fraud. We have fraud attorneys available to answer any questions that you may have.
Sonn & Erez Obtains Another Award Against Morgan Keegan
Posted by: Jeffrey Erez, Esq.
May 17, 2012
Topic: Morgan Keegan/RMK Fund Arbitration
On May 4, 2012, a FINRA arbitration panel issued an award in favor of two investors represented by Sonn & Erez against Morgan Keegan for losses in the RMK Advantage Income Fund. In the case, Hausfeld v. Morgan keegan Case no. 10-04056, the Hausfelds sued Morgan Keegan for cuasing them significant losses in the RMK Advantage Income Fund. A FINRA arbitration panel awarded the Hausfelds $522,211 (approximately) to compensate them for their losses in the fund. The panel awarded costs, interest and attorney's fees.
Sonn & Erez Wins Full Recovery for Investor in Fannie Mae Preferred
Posted by: Jeffrey Erez, Esq.
April 04, 2012
Topic: Sonn & Erez Wins Fannie Mae Preferred Award For Investor
On March 30, 2012, Sonn & Erez received an Award in FINRA case Murphy v. Citigroup Case no. 10-02971. Our firm's client John Murphy invested $250,000 in Fannie Mae preferred Series T in a public offering when he was solicited by his Smith Barney broker. Mr. Murphy was told the investment was backed by the government and no negative inofrmation regarding Fannie Mae was disclosed by his broker during a phone call in which the broker solicited the investment. Four months later the investment was near worthless. Sonn & Erez recovered $250,000 for Mr. Murphy.
Attachments:
FinalAward-Murphy.pdf
Sonn & Erez Recovers Full Out-Of-Pocket Loss, Costs and Punitive Damages
Posted by: Jeffrey Erez, Esq.
March 12, 2012
Topic: UBS Sales of Lehman Brothers Principal Protection Notes
Sonn & Erez is please to report that it recovered an investor's complete out-of-pocket loss, costs of arbitration and punitive damages against a Ft. Lauderdale based brokerage firm. The claim was based on a broker's sale of an unauthorized investment related to a real estate development the broker was involved with. By selling the client an unapproved investment, the broker enagged in what is referred to as "selling away". After a trial before a FINRA panel of arbitrators, the arbitrators unanimously decided that the brokergae firm was liable for the investor's losses, costs incurred in the case as well as rarely awarded punitive damages.
Attachments:
RussellStephenTarrantv.KovackSecurities,Inc.pdf
Sonn & Erez Recovers Full Principal Loss With Interest for Losses in Municipal Bonds Linked to Lehman Brothers
Posted by: Sonn & Erez
March 05, 2012
Topic: UBS Sales of Lehman Brothers Principal Protection Notes
On January 9, 2012, Sonn & Erez attorney Stefan Apotheker, Esq. obtained another FINRA Arbitration Award for investors who purchased Main Street Natural Gas Ser 2008A Proj Rev bonds linked to Lehman Brothers. Sonn & Erez recovered the investors' full principal loss in the Main Street bonds, and all of the interest payments the investors would have received if the Main Street bonds had not defaulted following Lehman Brothers' bankruptcy. The FINRA arbitration panel found the Respondent, GMS Group, LLC, liable for breach of fiduciary duty, negligence, and breach of contract for failing to adequately disclose the risks and other relevant information about the Main Street bonds.
Attachments:
Award-Westlaw.pdf
Sonn & Erez Wins Big Against Morgan Keegan
Posted by: Jeffrey Erez, Esq.
January 30, 2012
Topic: Morgan Keegan/RMK Fund Arbitration
On January 9, 2012, Sonn & Erez obtained another Award against Morgan Keegan related to its sale of the RMK Funds. Sonn & Erez recovered well managed damages, costs and attorney's fees. The FINRA panel found that the Morgan Keegan broker was an ERISA co-fiduciary and awarded damages under the ERISA Statute.
Attachments:
FHAward.pdf
