Investment Litigation Blog

FOR IMMEDIATE RELEASE Banks Law Office PC is pleased to announce the addition of Darlene Pasieczny to the firm. Ms. Pasieczny is a recent graduate of Lewis & Clark Law School, where she specialized in business law with an emphasis in tax, business succession and estate planning. As a law clerk, she assisted in civil…

Investors are reporting to our office that they continue to receive calls and correspondence from the Meridian trustee, Mark Calvert, and his law firm K&L Gates, pressuring investors to pay his settlement demands before June 12. Our clients report that Mr. Calvert continues to refuse to settle for anything less than 100% of the interest…

Interested Meridian investors are invited to join Robert S. Banks, principal attorney at Banks Law Office, for an informational meeting to review their potential defenses against the demand for return of payouts. The conference call will take place on Thursday evening, May 24th. Please call our office for details 1-800-647-8130

PORTLAND, Ore.— Banks Law Office is investigating claims filed by the Financial Industry Regulatory Authority (FINRA) against David Lerner & Associates (DLA) for selling non-traded real estate investment trusts (REITs) to seniors without disclosing the risks of the investment, violating federal securities laws. Last month, clients holding shares in non-traded REITs created by Apple REIT Cos.…

For Immediate Release Meridian Mortgage investors were unpleasantly surprised to receive a letter from the K&L Gates law firm demanding that they repay interest and dividends they may have received from their Meridian Mortgage investments (Seattle Times on the web 29 April 2012). A Banks Law Office client received such a letter, which threatened to…

Robert S. Banks alerts investors to their potential claims against clawbacks in a press release article that you can read here

Innocent Meridian Mortgage investors were unpleasantly surprised to receive a letter from the K&L Gates law firm demanding that they repay interest and dividends they may have received from their Meridian investments as long ago as 2004. One of our clients received such a letter, which threatened to sue him for the amount of his…

FINRA posted a tool for investors to calculate their risk for investment fraud. Answer a few simple questions on FINRA’s Risk Meter to find out if you share behaviors and characteristics that have been shown to make some investors more vulnerable to fraud. Click here to use the risk meter on the FINRA website: http://apps.finra.org/meters/1/riskmeter.aspx

According to a complaint filed by the Financial Industry Regulatory Authority (FINRA) today, Tuesday, February 15th, J. Scott McKee defrauded investors of at least $370,000 and improperly used at least $650,000 of his client’s money for his own benefit. The Eugene Register-Guard reports that McKee left a trail of victims including our clients. You can…

Banks Law Office is representing four investors who were advised by their financial advisors at SII Investments and Eagle Financial to take out second mortgages on their homes to purchase a high risk private investment called Santa Barbara Villa Rose. The investment predictably ran into trouble, and now our clients, who are all retired, are…