FINRA Bolsters Diversity Efforts in Dispute Resolution Forum – Bloomberg BNA

The Financial Industry Regulatory Authority (FINRA) has moved to diversify its pool of new arbitrators dealing with investor disputes by increasing the numbers of both African American and women arbitrators in 2016. In December of 2015, FINRA began its minority recruitment for a deeper and more diverse pool of arbitrators following the recommendations of a …

JP Morgan Clients Say Circuits Are Split on SLUSA Standards – Law360

Patricia Holtz, lead plaintiff in a Securities Class Action case, is asking the US Supreme Court to reinstate her case against JP Morgan after the bank used SLUSA to justify having the case removed from Illinois State court to federal court. The JP Morgan clients allege the bank violated its commitments to clients by pushing …

Class Fraud Suits More Viable With Restatement, Lawyers Say – Bloomberg BNA

Judges are less likely to dismiss class securities cases where the company has restated its financials, statistic show.  Jacob Zamansky of Zamansky LLC commented, “If the restatement shows that the company was falsely trying to dress up its balance sheet, those are cases where investors are likely to recover and courts are likely to come …

What Exxon Mobil Didn’t Say About Climate Change – The New York Times

Current and former Exxon employees, represented by Zamansky LLC, are asking the following question:  “Did Exxon Mobil’s communications about climate change break the law?”  Zamansky LLC filed suit in February on behalf of current and former Exxon employees who believe the answer is “yes.”  The lawsuit argues that Exxon “deceived [current and former employees] by …

Seeing Parallels With Big Tobacco, Employees Sue Exxon Mobil – NPR Austin

Zamansky LLC Partner Samuel Bonderoff discusses the parallels between how Exxon Mobil handled climate change and how big tobacco companies handled the link between cigarettes and cancer in a radio interview featured on Austin’s NPR Station, KUT 90.5.  Mr. Bonderoff also discusses the firm’s representation of current and former Exxon employees who allege that Exxon …

Ex-Major League Outfielder Closer to Ponzi Scheme Recovery – Bloomberg BNA

A reformed con man is closer to recovering the $2 million he lost as a victim of a Ponzi scheme.  He borrowed the money from retired Major League Baseball outfielder Shannon Stewart who played for the Toronto Blue Jays, the Minnesota Twins, and the Oakland Athletics.  Any recovered funds will be returned to Stewart. Jacob …

FINRA to Merge Enforcement Units – Bloomberg BNA

The Financial Industry Regulatory Authority (FINRA) has announced the merger of two separate enforcement programs.  The program that focuses on member firms will be merged with the program that focuses on over-the-counter trading. Jacob Zamansky told Bloomberg BNA that “It’s an appropriate move to merge, and hopefully it will make the FINRA enforcement a more …

Zamansky LLC Partner Samuel Bonderoff Quoted in Exxon Law360 Article

Defendants asked a Texas federal court to dismiss a class action suit brought by Zamansky LLC on behalf of Exxon employees.  The suit alleges that Exxon hid its knowledge of climate change and made false and misleading disclosures causing its retirement plan to lose value. Zamansky LLC partner Samuel Bonderoff stated, “[f]or decades, ExxonMobil has …

Jacob Zamansky Quoted in New York Post – Hedge funds face a crisis of confidence

Hedge funds are facing a crisis due to low return figures, increased investor withdrawals, and closures which signal potential litigation and warnings from financial advisors to “get out.”  Hedge funds are very good at marketing, however investors stand to lose their entire investment.  Jake Zamansky told the Post that he is “seeing some patterns.”  His …

Climatewire – Exxon investigation spawns lawsuits

Millions of pages of Exxon records have been made public by New York Attorney General Eric Schneiderman as part his investigation into Exxon, however he has not yet brought charges against Exxon.  But that did not stop a few lawyers from bringing actions in Texas federal courts.  Zamansky LLC represents employees of Exxon in one …