In a securities fraud lawsuit, Lydia Anderson-Dana and Tim DeJong represented clients alleging their financial advisor misrepresented his credentials and lied to them about their investments. The firm obtained a $2.3 million default judgment against the financial advisor and his company on claims including securities fraud, breach of contract, elder abuse, and breach of fiduciary duty.
Stoll Berne is investigating LPL Financial (“LPL”) in connection with selling Real Estate Investment Trusts (“REITs”), Business Development Companies (“BDCs”) and other alternative investments to individual investors and retirees.
The products we are investigating include: Cole Credit Property Trust II, Inc., Cole Credit Property Trust III, Inc., Cole Credit Property 1031 Exchange, Dividend Capital Total Realty, Inland American Real Estate Trust Inc., Medley Capital Corporation, Medley Management Inc., Northstar Healthcare, Sierra Income, Wells Real Estate Investment Trust II, Inc., W.P. Carey Corporate Property Associates, and funds from Blackstone Group, Inc. and Starwood Capital.
Some investments are illiquid, less liquid, or nontraded and include closed-end and interval funds. Investors are sometimes unable to trade or sell illiquid and less liquid investments. It is alleged that some alternative investments sold by LPL are highly leveraged, leaving investors vulnerable to market volatility and other factors that may not have been explained to them by LPL or an investment advisor.
Investment industry rules require that investments recommended by LPL and its brokers, representatives, and advisors be suitable for a customer. Alternative investments, including REITs and BDCs, may not be suitable for many investors. These investments sometimes charge high upfront commissions and ongoing fees. For more about suitability requirements, visit FINRA’s website at:
If you are a current or former customer of LPL and you lost money in an alternative investment, we are interested in speaking with you. Contact us for a free evaluation of your potential case using the form below or by emailing attorney Cody Berne directly.
Obtained reversal of a federal district judge’s decision to dismiss an individual and class action complaint against a national auto insurer (U.S. Court of Appeals for the Ninth Circuit).
Obtained an arbitration award for a California-based technology company and its patent law firm in a dispute with the company’s former litigation funder.
Won a federal jury trial on behalf of a health care provider accused of battery by a patient.
Won a federal bench trial on behalf of former police officers in an attorney-fee dispute with their previous lawyer. Recovered additional funds from the lawyer in a malpractice lawsuit for one of the former officers.
Obtained dismissal of civil Racketeering Influenced & Corrupt Organizations Act (“RICO”) claims based on the client’s state-law-compliant marijuana activities.
Stoll Berne is investigating claims involving Galen Kopman, a former broker and investment advisor who worked for LPL and Centarus. If you are a former client of Mr. Kopman or have information about his work as a broker and investment advisor, we would like to speak with you.
Stoll Berne is investigating the impact on investors of COVID-19 and the resulting volatility in financial markets. With the end of a long bull market, many investors are now seeing evidence of mismanagement, fraud, or other investment misconduct in their accounts. Contact us if you think that you are the victim of mismanagement, fraud, or other financial misconduct.
Stoll Berne is currently investigating claims on behalf of individual investors who may have lost money with Spokane-based financial advisor, Ronald Hannes of Woodbury Financial. The Financial Industry Regulatory Authority (FINRA) was alerted and began investigating claims that Hannes allegedly misappropriated funds from a customer’s life insurance policy. FINRA has subsequently revoked his license. Through its investigation, Stoll Berne believes other former customers of Hannes may have been targeted as well.
Hannes’ was a financial advisor with the Spokane-based Woodbury Financial Services from 1994 through 2019 and he also held his own practices under the names Hannes Financial Services and Ronald W. Hannes & Associates.
If you were a client of Ronald Hannes or Woodbury Financial and you believe that you lost money, we are interested in speaking with you. Contact us for a free evaluation of your potential case using the form below or email attorney Josh Ross directly.
Josh Ross represented the intended beneficiary of a trust after the trustee threatened to sell valuable property held by the trust.
Josh Ross and Nadia Dahab represented the trustee of a family trust facing claims of breach of duty and mismanagement of trust assets.
Josh Ross represented the co-Trustees of a family trust which held several million dollars of real estate assets defend against claims of breach of duty and fraud brought by a family member. The case successfully resolved at mediation following motion practice in court.
Josh Ross, Lydia Anderson-Dana, and Ben Leedy represent two of the majority owners and directors of the Alpenrose Dairy business and related family-held businesses. In September 2019, our clients prevailed at a five day injunction hearing, allowing the sale of certain operating assets to go forward.
Josh Ross represented a non-profit, rural power cooperative defend claims for adverse possession brought by neighbors, and relating to a parcel of property on which the client’s equipment operated.
Josh Ross represented a local church in a breach of contract claim relating to the sale of a significant parcel of property. The case successfully resolved prior to filing of a lawsuit.
Josh Ross represents a Canadian solar power developer and operator in a dispute regarding a warranty claim over the development of a solar farm in southern Oregon.
Josh Ross, along with co-counsel Diane Sykes, represent a Portland Public Schools administrator in a court case alleging discrimination and retaliation.
Stoll Berne is co-lead counsel for the investors in the case arising out of the Aequitas Ponzi scheme, asserting claims against Aequitas’ auditors, lawyers, and others for participant/aider liability under the Oregon Securities Law. A proposed $234.6 million class settlement has been preliminarily approved by the District of Oregon. This is believed to be the largest settlement of a securities case in Oregon history.
Keith Ketterling, Keith Dubanevich, and Keil Mueller obtained a $180 million settlement on behalf of Bank of New York Mellon investors in a lawsuit alleging that the bank operated a deceptive foreign currency exchange program. The lawsuit further alleged that the bank had misled its investors about the profitability and viability of this line of business. Stoll Berne served as Special Assistant Attorneys General to lead plaintiff the State of Oregon and worked closely with class counsel Bernstein Litowitz Berger & Grossmann LLP to bring the lawsuit to a successful resolution.