Check out this month's edition of the ABA Journal for an in-depth analysis of the Federal Government's ongoing investigation of plaintiffs securities class action law firm powerhouse Milberg Weiss Bershad & Schulman. Author Martha Neil poses the question "Should Law Firms Ever Be Indicted" and aptly notes that the makings of the Government's case against the law firm contains "all the elements of a John Grisham potboiler."
Continue Reading...Guest Blogger: Katherine Vessenes, JD, CFP® - President, Vestment Advisors
Investors are not the only group going after the industry’s deep pockets. With numerous class actions pending against broker dealers by unhappy reps, it has become clear that claims between reps and their firms can be even more costly than the claims made by unhappy investors.
With both broker dealers and their reps getting bad legal advice, the issues keep escalating. There are five common claims and issues that are currently making their way through the courts or arbitration. Let’s take a look at the first three:
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