» breach of fiduciary duty

Phoenix, AZ (Law Firm Newswire) April 25, 2016 – An Arizona federal jury has awarded $27.6 million to a healthcare staffing company founder who claimed his allegation of internal medical billing fraud led to a retaliation plan with a highly unusual method to oust him. The total awarded on April 20 to Marc A. Wichansky, former president of Zoel Holding Co. Inc. of Phoenix, includes $14.375 million in punitive damages against his former partner, David T. Zowine. Wichansky alleged that Zowine, then the company vice president and a co-owner, breached his fiduciary duty by engaging in or concealing the fraud […]


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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 […]


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New York, NY (Law Firm Newswire) May 25, 2014 – Zamansky LLC announces that it has filed a FINRA arbitration for West Coast couple who claim to have suffered approximately $750,000 in losses from the UBS Willow Fund LLC (“UBS Willow Fund”). The FINRA arbitration is against UBS Financial Services Inc. (“UBS”) which sold the UBS Willow Fund to its brokerage customers. In 2013, the UBS Willow Fund finally liquidated after investors suffered 70% or more in losses. The Statements of Claim alleges that the UBS Willow Fund materially deviated from its disclosed strategy of investing in distressed debt, and […]


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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 […]


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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 […]


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