6-11-15 – N.Y. Supreme Court Rejects Motion to Dismiss $150 Million Dollar Action Against Banned ImClone Founder Sam Waksal & His New Biotech Venture Kadmon, According to Meissner Associates

NEW YORK, June 11, 2015 — As reported in Reuters –  Ruling on a Motion argued this week, State Supreme Court Judge Jeffrey Oing upheld the complaint in an action alleging former ImClone founder and convicted felon Sam Waksal breached his 2009 agreement with Dr. Steven Rosenfeld and his partner. According to Meissner Associates, it is alleged that the agreement was …

What to do if your stockbroker screws up

Many people dont realize until after there is a problem that in this country when one has a problem with their broker due to an investment, they must file an arbitration claim at FINRA. Pursuing such a claim requires knowledge of the FINRA forum, the unique arbitration rules of that forum and knowledge of the tricks of the trade to …

Bank of America Whistleblower Case Uncovered

By Jessica Dye NEW YORK, March 7 (Reuters) Bank of America NA prevented homeowners from receiving mortgage-loan modifications under a federal program in order to avoid millions of dollars in losses while benefitting from financial incentives for participating in the program, according to a complaint unsealed in federal court Wednesday. The suit is the second whistle blower complaint unsealed so …

Why is Corzine Not Prosecuted??

Today’s Thursday June 27, 2013’s announcement by the Commodity Futures Trading Commission that it charged former MF Global Holdings Ltd. chief Jon S. Corzine and Edith O’Brien, another former executive at the firm, with the unlawful misuse of nearly $1 billion in customer funds related to the firm’s collapse in October 2011 raises some serious questions as to why this …

UBS Willow Fund Misleads Investors – Liquidating

As per the New York Times on March 31, 2013 – the Willow Fund was a closed end investment fund sold to “so called” accredited investors. The Fund Manager decided on his own to redirect the investments within such, not to distressed debt instruments” which is what the investors understood they were investing by investing in such fund. On the …

Schneiderman Is Big Threat To S&P, Moody’s And Fitch

“He’s already subpoenaed S&P and has been in touch with Moody’s and Fitch which means he’s gathering information for a possible case of his own. “As a former Assistant Attorney General in the N.Y. Attorney General’s Office of Investor Protection and Financial Crimes, under both Eliot Spitzer and his predecessor, I know that office does not issue such high profile …

INVESTIGATING APPLE STRUCTURED NOTES

(February 4 , 2012, New York, N.Y) Investors from J.P. Morgan Chase (JPM) , Morgan Stanley (MS) , UBS (UBSN.VX) and Barclays (BARC.LN) were sold millions of dollars of structured products linked to the now collapsing Apple (AAPL) common stock. Firms knowing that investors were searching for yield promoted Apple structured products as safe investments that would provide high yield …