» Commercial Litigation Law

New York, NY (Law Firm Newswire) February 04, 2016 – Zamansky LLC announces that it is investigating the Ivy Asset Strategy Fund and the Waddell and Reed Asset Strategy Fund for potential breaches of fiduciary duties to shareholders. The Ivy Asset Strategy Fund and the Waddell & Reed Asset Strategy Fund are total return mutual funds registered under the Investment Company Act of 1940. Both funds are managed by subsidiaries of Waddell & Reed Financial Inc., a public company with over $71 billion under management. The Funds’ symbols are Ivy Asset Strategy: WASAX, WASBX and WASCX; and Waddell & Reed […]


Continue reading full article »

New York, New York: Zamansky LLC announces that it is investigating the Third Avenue Focused Credit Institutional Fund (TFCIX) and Investor Fund (TFCVX) for potential securities fraud violations. The Third Avenue Focused Credit Fund is a high yield and distressed debt mutual fund that is registered under the Investment Company Act of 1940. It is managed by Third Avenue Management LLC, headquartered in New York, New York, and has both retail and institutional share classes. On December 9, 2015, shareholders in the Third Avenue Focused Credit Fund received a letter notifying them that the Board of Trustees had decided to […]


Continue reading full article »

Los Angeles, CA (Law Firm Newswire) December 8, 2015 – Wood, Smith, Henning & Berman LLP, a national law firm with 18 offices nationwide, announces attorney Kelly Waters will join its New Jersey office as partner effective immediately. Waters brings more than 20 years of litigation expertise defending product liability, general liability and commercial matters in state and federal courts in New Jersey and New York. In addition to her extensive litigation experience, Waters also serves as a Municipal Court Judge in the Township of Union, New Jersey. Waters has defended major manufacturers of motor vehicles and motorcycles, pharmaceuticals and […]


Continue reading full article »

New York, NY (Law Firm Newswire) September 29, 2015 – Zamansky LLC announces it is investigating asset-backed securities bonds that may have suffered losses due to the Volkswagen (OTC: VLKAY) emissions scandal. In particular, the investigation concerns bonds backed by car dealer inventories, known as dealer floorplan ABS such VWMT 2014-1. Car dealers who were told to immediately halt sales of popular 2015 and 2016 models, including Volkswagen’s Jetta and Beetle convertible due to emissions irregularities, may have products that cannot be sold. The full damage of the emissions scandal may not be clear to bondholders for a long time. […]


Continue reading full article »

San Antonio, TX (Law Firm Newswire) May 15, 2015 – What has Syngenta’s CEO, Michael Mack, said about the Viptera-China situation? • April 18, 2012 – “There is an outstanding approval for China, which we expect to have quite frankly within the matter of a couple of days.” • July 26, 2012 – The failure of obtaining China’s approval for MIR 162, Viptera Agrisure, “didn’t affect our sales in this past season, Viptera, and we don’t expect it to have any impact on our sales this coming season.” • October 17, 2013 – “We are at $4.60 corn… and compare […]


Continue reading full article »

New York, NY (Law Firm Newswire) April 2, 2015 – Zamansky LLC announces that it is investigating Lynn Tilton’s “Zohar” Loan Funds, the collateralized loan funds managed under the names Patriarch Partners, LLC, Patriarch Partners XIII, LLC, Patriarch Partners XIV LLC and Patriarch Partners XV, LLC (“Zohar Funds”). The investigation concerns the allegations against investment advisor Lynn Tilton and the Zohar Funds made by the U.S. Securities and Exchange Commission (“SEC”). On March 25, 2015, the SEC filed an Administrative Proceeding alleging that Tilton issued misleading values of the Zohar Fund’s CLO holdings to inflate management fees charged to the […]


Continue reading full article »

New York, NY (Law Firm Newswire) February 20, 2015 – Notice is hereby given a class action lawsuit has been filed today, February 20, 2015, in the United States District Court, Southern District of New York by an investor individually and on behalf of all other investors who purchased or otherwise acquired common stock of Virtus Investment Partners Inc. (NASDAQ: VRTS) (“Virtus”) between May 28, 2013 and December 22, 2014 (the “Class Period”). The Class Action Complaint alleges that Virtus and certain of its officers and/or directors violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Virtus […]


Continue reading full article »

Tacoma, WA., (Law Firm Newswire) December 19, 2014 – The Dickson Law Group is pleased to announce that founding partner Thomas Dickson has been asked by LexisNexis to serve as author, content editor, and editorial consultant on the publisher’s 2014 Practice Guide regarding Washington State real estate litigation. This request should come as no surprise to the legal community, as Tom has firmly established himself as a leading real estate lawyer within the state with over three decades of relevant experience. Additionally, Tom’s son and partner, Robert, will also be working with LexisNexis in the same capacity. LexisNexis is a […]


Continue reading full article »

New York, NY (Law Firm Newswire) June 15, 2014 – Zamansky LLC has filed a FINRA arbitration on behalf of an elderly investor against Oppenheimer & Co. Inc. (“Oppenheimer”) who claims that her accounts were churned by her financial advisor. The case is FINRA TN 1400862. The Statement of Claim in the arbitration alleges that the claimant, who is an 85 year-old investor, had her and her late husband’s accounts churned and excessively traded by their financial advisor at Oppenheimer. Although they needed to preserve their money, the Statement of Claim alleges that the Oppenheimer financial advisor concentrated their accounts […]


Continue reading full article »

New York, NY (Law Firm Newswire) June 9, 2014 – Zamansky LLC announces that it is investigating Higher One Holdings Inc. (NYSE: ONE) for a possible shareholder derivative action. Higher One provides technology and payment service to the higher education industry and is based in New Haven, CT and incorporated in Delaware. The investigation concerns allegations of breaches of duties owed to shareholders by the officers and directors. On May 12, 2014, Higher One disclosed in its quarterly financial statement filing with the SEC that it is facing penalties from the Federal Reserve over alleged violations tied to its marketing […]


Continue reading full article »

Wilmington, DE (Law Firm Newswire) June 2, 2014 – Morris James LLP is pleased to announce that Judge Charles H. Toliver, IV will join the firm in June, 2014, at the completion of his second 12-year term as Judge of the Delaware Superior Court. Judge Toliver was initially appointed to the bench in 1990 by Delaware Governor Michael N. Castle and reappointed in 2002 by Governor Thomas R. Carper. Judge Toliver will be a partner in the Litigation Practice and a member of the firm’s Alternative Dispute Resolution Group. Judge Toliver’s practice will center upon civil, corporate and domestic relations […]


Continue reading full article »

BETHESDA, Md. (Law Firm Newswire) May 29, 2014 – Bluestone Law International (“BLI”) today announces that it has secured a significant post-judgment recovery in U.S. federal court in Chicago, on behalf of a leading international export credit insurer, through garnishment proceedings against a prominent third-party financial institution. After obtaining a judgment in September 2013, BLI led an aggressive and creative effort to have the judgment satisfied on behalf of its client. Through federal and Illinois post-judgment discovery and enforcement mechanisms, BLI was able to locate assets sufficient enough to cover the balance of the judgment and interest. After tracing, identifying […]


Continue reading full article »

New York, NY (Law Firm Newswire) May 16, 2014 – Michael G. Kessler, President & CEO of Kessler International was named a Finalist in the Accounting Executive of the Year category in The 2014 American Business Awards, and will ultimately be a Gold, Silver, or Bronze Stevie® Award winner in the program. Further, Kessler International was named a Finalist in the Accounting Company of the Year category, and will also ultimately be a Gold, Silver, or Bronze Stevie® Award winner in the program. The American Business Awards are the nation’s premier business awards program. All organizations operating in the U.S.A. […]


Continue reading full article »

New York, NY (Law Firm Newswire) May 14, 2014 – Zamansky LLC announces that it is investigating the Campbell Strategic Allocation Fund, Campbell Global Trend Fund and other managed futures funds (“Campbell Funds”). The investigation is over the suitability of the Campbell Funds, and the sales of these funds to brokerage customers by their brokerage firms. According to investment fraud attorney Jacob Zamansky, as managed futures funds, the Campbell Funds have substantial risks associated with leverage and the speculation involved in their trading strategy. These funds are suitable or appropriate only for investors willing to speculate or bear substantial risk […]


Continue reading full article »

New York, NY (Law Firm Newswire) May 13, 2014 – Zamansky LLC announces that it is investigating Doral Financial Corporation (NYSE: DRL)(“Doral”), and its officers and directors for potential securities fraud. The investigation concerns the truthfulness and accuracy of Doral’s financial statements, in view of recent events. On May 1, 2014, Doral announced that it was advised by the Federal Deposit Insurance Corporation that the bank could not include some or all of the its receivables from the Puerto Rican government in its calculation of Tier 1 capital.  Puerto Rico tax receivables accounted for $289 million of the bank’s approximately $679 million of Tier 1 Capital as […]


Continue reading full article »

New York, NY (Law Firm Newswire) May 7, 2014 – Zamansky LLC announces that it is investigating Unilife Corporation (UNIS), the medical device manufacturer, for potential securities fraud or breach of fiduciary duties owed to shareholders.  The investigation concerns whether Unilife made materially false or misleading statements to its investors, as alleged in a whistleblower lawsuit. The federal court lawsuit was filed on August 30, 2013 (E. D. Pa. Case No. 13-CV-5101) by former employee Talbot Smith, and alleges not only false statements made to investors but a scheme whereby UNIS engaged in false purchases to boost the appearance of […]


Continue reading full article »

New York, NY (Law Firm Newswire) April 18, 2014 – Zamansky LLC warns investors who hold Accumulator and Equi-Vest variable annuity contracts issued by AXA Equitable Life Insurance Company (“AXA Equitable”) that are invested in AXA Tactical Manager Strategy (“ATM”) managed funds. The warning is that investors who held these variable annuities invested in the ATM managed portfolios may have suffered lower investment returns since 2009. On March 17, 2014, AXA Equitable agreed to pay a $20 million to settle an investigation by the New York State Department of Financial Services (“DFS”) which began in 2011. The DFS investigation concerned […]


Continue reading full article »

New York, NY (Law Firm Newswire) April 14, 2014 – Zamansky LLC announces that it is investigating Gigamon, Inc. (NYSE: GIMO) for potential violations of the federal securities laws stemming from possible misrepresentations and omissions concerning the Gigamon’s reliance on certain customer contracts. On April 7, 2014, after the market closed, Gigamon announced that expected revenue for the first quarter ending March 29, 2014, would be $31 – $31.5 million, down from previous guidance offered on February 4, 2014 of $34 – $35 million. The 10% drop in revenue was attributed primarily to a contract that did not materialize from […]


Continue reading full article »

New York, NY (Law Firm Newswire) April 12, 2014 – Zamansky LLC announces that it is investigating the acquisition of Zygo Corporation (NASDAQ: ZIGO) by AMETEK, Inc., whereby AMETEK will acquire all outstanding shares of Zygo common stock for the consideration of $19.25 per share in cash. The investigation concerns whether this offer significantly undervalues Zygo because of its strong cash position, having reported $90 million in cash or $5.00 per share. Effectively, in view of this cash, AMETEK will only be paying $14.25 per share for Zygo, which is below Zygo’s closing price of $14.68 on April 10, 2014. […]


Continue reading full article »

Sacramento, CA (Law Firm Newswire) April 3, 2014 – This case may the first of its kind. The California Attorney General’s office filed a lawsuit against the Kaiser Foundation Health Plan for allegedly violating the unfair competition law. “This case stems from a personal information and security breach and delayed notification of this breach,” explains respected Sacramento business lawyer, Deborah Barron. The outcome of the case may have a significant impact on how and when companies that are governed by California’s breach notice law provide notice to those who are affected by such a breach. This is a similar situation […]


Continue reading full article »