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We filed a FINRA arbitration on behalf of a 63 year-old New York investor who is a brokerage customer of Wells Fargo Advisors LLC. The Statement of Claim alleges that the investor was retired and living off of the income from his bond portfolio. He alleges he was advised to […]
Proposed Rule Would Allow Consumers to Sue Banks, Credit-Card Companies – Current mandatory arbitration clauses in contracts force customers into private negotiations to solve disputes, Wall Street Journal, by Yuka Hayashi and Christina Rexrode. The Consumer Financial Protection Bureau proposed a rule on Thursday restricting the use of mandatory arbitration […]
Being on the Plaintiff’s Side Is More Fun – Zamansky LLC partner Samuel Bonderoff answers Bloomberg BNA’s Andrea L. Ben-Yosef’s questions about ERISA litigation, including his personal experience as an ERISA litigator and his views on the United States Department of Labor’s new fiduciary rule.
Yesterday New York City-based Zamansky LLC unveiled investigations into a dozen open-end mutual funds, two hedge funds, and a closed-end fund. The investigation comes four days after Zamansky filed a $500-million, putative class-action lawsuit over the now-infamous fall of Third Avenue’s Focused Credit Fund. Click here to view the full […]
Third Avenue Management Co. LLC and its founder were hit with a $500 million shareholder lawsuit Friday that charges they breached their fiduciary duties with a $790 million junk-bond fund that recently froze redemptions. Third Avenue Focused Credit Fund investor William Engel accuses the firm, founder Martin Whitman and other […]
Third Avenue Management, founder Martin Whitman and other executives at the value investment firm have been sued for at least $500 million over last month’s sudden collapse of a junk bond mutual fund they oversaw. In a complaint filed on Friday with a New York state court in Manhattan, an […]
When Wall Street lures Main Street into investing in the risky stuff known as “structured products,” things don’t always end well for the customer. Last week’s $19.5 million settlement between investment bank UBS (UBS) and securities regulators is just the latest example of why Mom and Pop have no business […]
On August 28, 2015, investors represented by Zamansky LLC attorneys Jacob H. Zamansky and Edward H. Glenn Jr. received a $3.1 million award for losses sustained in connection with closed-end bond fund and municipal bond investments managed by UBS-Puerto Rico. The award represents the largest to date against UBS or […]
On August 28, 2015, investors represented by Zamansky LLC and attorneys Jacob H. Zamansky and Edward H. Glenn Jr. received compensation of $ 3.1 million for losses incurred in connection with closed bond funds and municipal bonds, investments managed by UBS-Puerto Rico. The award represents the largest to date against […]
El 31 de agosto de 2015 un panel arbitral de FINRA les adjudicó $3.1 millones a tres demandantes en relación con las pérdidas derivadas de las inversiones en fondos de bonos cerrados y bonos municipales de UBS Puerto Rico. Los demandantes Ana Teresa Lopez-Gonzalez, Andres Ricardo Gomez y Wave Management […]