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The law firm is investigating the Platinum Partners Value Arbitrage Fund (“Platinum”) over its decision to close, and reported losses suffered in Echo Therapeutics. Platinum’s founder Murray Huberfeld was arrested June 8, 2016, and charged with allegedly paying a $60,000 “kickback” to Norman Seabrook, President of the NYC Corrections Officers […]
Author: Zamansky LLC
On June 23, 2016, the people of the United Kingdom voted by a margin of 52 percent to 48 percent to leave the European Union. The outcome of the so-called ‘Brexit’ vote remained uncertain until the referendum (in fact, many experts were predicting that the UK would remain part of […]
The law firm is investigating various hedge funds which suffered large losses from investing in Valeant Pharmaceutical International Inc. (“Valeant”) stock. According to public reports, these hedge funds include Pershing Square Capital Management, ValueAct Holdings, Brahman Capital, Brave Warriors Advisors, Okumus Capital and Senzar Asset Management have suffered large losses […]
With investment grade bond yields at record lows, and likely to stay there for a while, stockbrokers are recommending high-yield “junk bonds” to Mom and Pop investors searching for returns in this record low interest rate environment. Remember, bond prices and their yields move in the opposite direction. So, with […]
Zamansky LLC is investigating claims for investors to recover losses suffered by Merrill Lynch brokerage customers who purchased Strategic Return Notes (“SRNs”). In 2010, Merrill Lynch and Bank of America created the Strategic Return Notes which are notes with a maturity which do not pay interest but repay investors a […]
Despite a push in recent years to enact new laws designed to protect the elderly investors, it is clear that broker fraud remains a prevalent form of elder abuse. Sadly, many elderly individuals suffer from ailments that make them particularly susceptible to undue influence, and with their entire life’s savings […]
Puerto Rico is drowning in debt, its population and tax base are shrinking and its infrastructure is crumbling. Puerto Rico needs any help it can get. Against that backdrop, the U.S. Congress is finally set to throw the island a lifeline, with the House approving legislation last week that […]
The Securities Industry is incapable of putting its customers first. That’s clear after taking a look at the growing legal and political storm surrounding a new investor protection rule recently put forth by the Department of Labor. After years of deliberation and study, the DOL in April issued a […]
Reuters recently reported that the oil and gas industry is experiencing a wave of bankruptcies, the likes of which haven’t been seen since the telecom bust in the early 2000s. At the start of May, 59 oil and gas companies had filed for bankruptcy, with at least one additional company […]
Hedge funds over the first three months of 2016 suffered their worst quarter in seven years. That prompted investors to withdraw a whopping $15 billion from hedge fund investments, according to a recent report. The reason why investors are fleeing these supposedly elite investment vehicles for the ultra-rich and sophisticated […]