Skip to Content

Lawsuit: Lifetouch ‘unjustly enriched’ departing executives while employee stockholders lost millions – StarTribune

March 15, 2018 In The News

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 comment:  “Here you had fiduciaries who controlled every aspect of how the retirement savings were invested,” he explained. “They decided whether and how much stock to purchase on behalf of the employees. They decided what the stock price should be. That set of circumstances is unusual, and, we think, more egregious, where you essentially have fiduciaries controlling every aspect of the production line, so to speak.”

Click here to read the full article from the StarTribune

 

Tell Us About
Your Losses

Categories

Jake's Blog

Client Reviews

“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

Mike A.
View More
Tell Us About Your Losses Get Started