The StarTribune discusses the details of the ERISA class action lawsuit against photography company Lifetouch Inc. recently filed by Zamansky LLC on behalf of current and former Lifetouch employees who participated in the company’s stock ownership plan. StarTribune reporter Jackie Crosby reached out to Zamansky LLC Partner Sam Bonderoff for […]
Bloomberg’s Jacklyn Wille discusses the recent ERISA class action lawsuit filed against photography company Lifetouch Inc. The suit, filed by Zamansky LLC on behalf of current and former Lifetouch employees, alleges that Lifetouch ESOP participants “suffered ‘hundreds of millions of dollars’ in damage by investing in the company’s employee stock […]
CNBC recently launched an investigation into Riot Blockchain, which until October was called Bioptix. The company owned a veterinary patent and researched and developed new ways to test for diseases. The October name change, followed by spike in share price from $8 to more than $40, caught the eye of […]
Bitcoin has reached the mania stage, starting 2017 trading at $1,000 before almost hitting $20,000 last month and then falling to $10,000 on Tuesday. The skyrocketing price of bitcoin and other cryptocurrencies has attracted scads of speculators looking to make a quick buck, setting off alarm bells for securities regulators. […]
Jake Zamansky appeared on CNBC’s Fast Money to discuss cryptocurrency investment fraud issues and impending crackdowns on companies that may be fraudulently associating themselves with the use of blockchain technology. Click here to see the full video on CNBC
In a recent investigation into the plummeting of bond funds largely made up of Puerto Rico government bonds, CNBC revealed that broker-dealers on the Island, such as UBS, Santander Securities, Popular Securities, and Merrill Lynch, were less than “forthcoming about the extent of the risks of those bond funds” to […]
Jacob Zamansky’s article warning investors of the highly speculative nature of investing in Bitcoin and Bitcoin futures was recently published on Seeking Alpha. In his article, As Mania Mounts, Investors Bet The Farm on Bitcoin, Zamansky details how Bitcoin has reached the “mania” phase, discusses SEC Commissioner Jay Clayton’s recent […]
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 […]
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 […]
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 […]