Posted on Wednesday, July 1st, 2020 at 2:35 pm
Erez Law recovered $6.2 million in 2017 against a major brokerage firm for an ultra high net worth investor. The claims were based on unsuitable recommendations to invest in proprietary closed-end funds and to concentrate in one asset class. Erez Law brought claims for negligence, breach of fiduciary duty, fraud and negligent supervision. The settlement is notable for the size of the settlement and percentage of losses recovered for an ultra high net worth individual.