Girard Gibbs LLP Announces Class Action Settlement
Law Firm News
The law firm of Girard Gibbs LLP today announced that two years after bringing a class action case against Securities America, Inc., its corporate parent Securities America Financial Corporation and Ameriprise Financial, Inc., over 2,000 investors throughout the U.S. are receiving checks totaling $80 million. Investors will recover an average of over $30,000 per person.
The distribution represents the last chapter of a lawsuit filed by Securities America customers who purchased private placement investments in Medical Capital Notes and Provident Royalties, which were both revealed to be Ponzi schemes. Girard Gibbs and associated counsel represented the investors and won final approval of the $80 million settlement in Federal District Court in Dallas, Texas on July 25, 2011.
“We are pleased that our clients will recover a substantial percentage of their losses within two years of the date this litigation got underway,” said Daniel Girard, senior partner at Girard Gibbs. “We commend our adversaries for coming to the settlement table in good faith and negotiating a fair compromise with all the affected investors.”
For more information, please access the firm’s web site at www.GirardGibbs.com.
Related listings
-
Robbins Geller Rudman & Dowd LLP Files Class Action Suit
Law Firm News 12/28/2011Robbins Geller Rudman & Dowd LLP today announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Veolia Environnement S.A. American Depositary Shares duri...
-
Izard Nobel LLP Announces Class Action Lawsuit
Law Firm News 11/01/2011The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Middle...
-
Baker Donelson law firm acquires Houston practice
Law Firm News 10/24/2011A Memphis-based law firm with a large presence in Louisiana will expand into Texas through an acquisition announced today. Baker, Donelson, Bearman, Caldwell & Berkowitz, PC will retain its name as it merges with Houston-based Spain Chambers. Ran...
New Rochelle, New York Personal Injury Lawyers
If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.