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Law360, New York (September 20, 2013, 5:36 PM ET) — Plaintiffs in a putative securities fraud class action against Harbinger Capital Partners on Thursday challenged the hedge fund’s claim in New York federal court that a recent Second Circuit ruling supports the dismissal of the class claims, saying the cited […]
Click here to view the New York Law Journal’s expert analysis about the publication “Why So Few Prosecutions Connected to the Financial Crisis?”.
Standard and Poor’s is calling the U.S. government’s $5 billion lawsuit retaliation; CNBC’s Kayla Tausche reports and Jake Zamansky, securities lawyer, and CNBC’s Jeff Cox debate the case.
Law360, New York (August 23, 2013, 5:48 PM ET) — Principal Financial Group Inc. has agreed to pay $3.2 million to settle a class action alleging that the company let its retirement account holders unwittingly invest in an alleged Ponzi scheme run by Westgate Management LLC , the plaintiffs said […]
A $230 million arbitration claim by National Australia Bank Ltd. NAB.AU +2.05% alleges that Goldman Sachs Group Inc. GS +0.04% violated industry sales practices related to mortgage-linked securities that later soured, adding to the list of legal skirmishes the Wall Street firm has faced in the wake of the financial […]
Despite bringing the economy to the brink of collapse in 2008 with excessively risky investments, Wall Street appears to have learned nothing from this near-death experience. Rather than recommending investments of a safer nature, Wall Street is once again hawking the riskiest of investments. According to the Wall Street Journal’s […]
Zamansky LLC announces that it has begun an investigation of the suitability of investments in gold and silver funds for investors, in view of recent performance. On May 7, 2013, Reuters reported that gold prices were continuing to fall and that gold exchange traded funds had hit their lowest prices […]
Zamansky LLC announces that it is investigating sales of private investments by Kleiner, Perkins, Caufield & Byer, the venture capital firm with offices in Menlo Park and San Francisco, California. The investigation includes sales of private investments in Fisker Automotive Holdings, Inc., MiaSole and other green companies. Zamansky LLC announces […]
Zamansky LLC is investigating the Satellite Multi-Strategy Access Fund LLC (“Satellite Multi-Strategy”), and UBS Renaissance Institutional Equities Fund I, LLC (“UBS Renaissance”). These were private investment funds sold by UBS Financial Services Inc. (“UBS Financial Services”) and its financial advisors to the firm’s brokerage customers. According to filings with the […]
Zamansky LLC has filed a Financial Industry Regulatory Authority (FINRA) arbitration on behalf of a Pennsylvania couple. The couple is alleging that their brokerage firm, UBS Financial Services, Inc., wrongly recommended that they purchase over $50,000 worth of structured products issued by the now-bankrupt Lehman Brothers in their individual retirement […]