|
CASES AND CLIENTS
The Firm presently represents a group
of individuals and funds of funds who invested in the approximately
$300 million Bayou hedge fund blow-up in Connecticut.
Mr. Rich and Mr. Intelisano were co-trial counsel in the Blumenfeld,
et al v. Refco commodities fraud case, a $100 million Ponzi scheme.
The 100-day arbitration on behalf of a group of 13 individual
and corporate investors who lost a combined $35 million generated
a $43 million award in 2001. It remains the largest collected
arbitration award ever rendered on behalf of investors against
a brokerage firm.
In 2005, the Firm obtained favorable settlements on behalf of
clients who invested with Kevin Kelley, a Connecticut hedge fund
owner. Mr. Kelley falsely represented to his clients that monies
paid to his company were being placed in legitimate investments,
when he in fact converted said monies for his own personal use.
Mr. Rich was co-counsel representing a large investor in connection
with court proceedings against Frank Gruttadauria, Lehman Brothers
and S.G. Cowen, in connection with the massive securities fraud
perpetrated by Gruttadauria which came to light in 2002.
Mr. Rich was co-trial counsel on behalf of a public customer
against Merrill Lynch in an arbitration arising from the misconduct
of former star broker Kevin Wallace whose $60 million fraud of
investors in Singapore in the 1990's was well publicized in the
international financial press.
The Firm has represented many individual and institutional investors
in securities fraud cases and claims concerning unsuitability,
churning, breach of fiduciary, negligence and failure to supervise.
Other representative cases have included over-concentration of
risky investments, Class B mutual fund abuses, annuity abuses
and research analyst fraud.
Mr. Rich and Mr. Intelisano have represented a number of high
net worth individuals from many countries around the world in
disputes with financial institutions. They have also represented
many employees in the securities industry in cases involving
compensation disputes, year-end bonuses, promissory notes, fraudulent
inducement, defamation, discrimination and self-regulatory organization
(SRO) investigations.
|
