Case Results

Erez Law’s mission is to recover investment losses from brokerage firms. Erez Law has recovered investment losses of over $175 million from brokerage firms and has successfully represented over 1000 clients. We have the experience, strategies and resources to maximize recoveries for defrauded investors through trial or negotiation. Erez Law has tried over 40 cases to verdict and consistently achieved exceptional results for its clients and is regarded as a preeminent trial firm.

$100,000

CASE NO. 11-00726

Antietam Industries, Inc., William Warfel and Janice Warfel v. Morgan Keegan & Co., Inc.

Erez Law recovered punitive damages of $100,000, compensatory damages in the amount of $100,000, costs of $32,735 and the entitlement to attorneys’ fees against Morgan Keegan in connection with the sale of the RMK Funds. The award of punitive damages was based upon a finding that Morgan Keegan “was guilty if intentional misconduct or gross negligence in its communication to its broker and the Claimants [investors] of the true nature of the RMK Investments…” The arbitrators also awarded our clients the right to obtain attorneys’ fees under F.S. 57.105, because Morgan Keegan’s contract with all of its clients provides that Morgan Keegan is entitled to attorneys’ fees if it successfully defends a claim by its clients. Florida law renders Morgan Keegan’s one way attorneys’ fee provision reciprocal.

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Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.
$69,000

CASE NO. 10-02738 (2012 WL 188971)

Gubman v. GMS Group, LLC

The Firm obtained an award against GMS Group, LLC in the amount of $69,865.93, for an investor who suffered a principal loss of $55,231 in Main Street Natural Gas Ser 2008A Proj Rev bonds. The award represented 100% of the investor’s principal loss ($55,231) plus the interest payments the investor would have received from the Main Street bonds if they had not defaulted. The Main Street bonds were closely linked to to the credit risk of Lehman Brothers. The FINRA arbitrator found that the brokerage firm was liable for breach of fiduciary duty, negligence, and breach of contract for failing to disclose the extent to which the investor would be exposed to the credit risk of Lehman Brothers.

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Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.