MILLER & MILOVE – SECURITIES and INVESTMENT RELATED JUDGMENTS and ARBITRATION AWARDS
Bradd Milove and Brian Miller, investment fraud and securities attorneys, have recovered millions of dollars on behalf of investors in various forums. While there is no guarantee of recovery, Miller & Milove has successfully represented investors in FINRA, NASD, and American Arbitration Association arbitrations and Federal and State Court cases resulting in substantial Awards and Judgments. The cases and Awards reported below were decided based on the facts, circumstances, law and merits applicable to each unique case. Accordingly, the results were dependant on the particulars of these cases and results will differ if based on different facts.
FINRA/NASD SECURITIES ARBITRATION ATTORNEYS
Miller & Milove has successfully litigated and arbitrated business and securities disputes for more than 25 years, securing many large awards and judgments in favor of their clients. Miller & Milove, litigation and securities arbitration attorneys, have also successfully negotiated confidential settlements on behalf of clients with nearly every major Wall Street securities brokerage firm. Mssrs. Miller and Milove enjoy a reputation based on their diligent and efficient representation of defrauded investors against stockbrokers, financial advisors and promoters of various investment schemes. Miller & Milove has also been certified and appointed by Federal and State Courts on multiple occasions to serve as class counsel representing large numbers of investors. Most new cases and clients that are accepted by Miller & Milove are the result of referrals and recommendations from opposing attorneys, Judges and Experts who have become familiar with their performance.
Although past results do not guarantee future outcomes, in the vast majority of cases, Miller & Milove has been successful in obtaining substantial recoveries on behalf of their clients.
MILLER & MILOVE CLIENT AWARDED COMPENSATORY AND PUNITIVE DAMAGES FOR TENANT IN COMMON/1031 EXCHANGE (“TIC” REAL ESTATE FRAUD) AND ELDER ABUSE
In September, 2010 a three member FINRA Arbitration Panel ordered Registered Investment Advisor Kevin Williams and his outfits, including North Wealth Management Company, to repay a San Diego retiree 0ver $600,000 representing all of her investment losses plus punitive damages and attorneys fees. Following the Award, the fraudulent companies were shuttered and Mr. Williams filed bankruptcy, resulting in no recovery of funds for the defrauded Claimant. For more information regarding the ongoing wave of similar cases, please see Real Estate/TIC Fraud.
MILLER & MILOVE CLIENTS RECOVERED OVER $21 MILLION IN REAL ESTATE PRIVATE PLACEMENT FRAUD ACTION . Over 300 investors represented by Miller & Milove recovered all of their investment losses in national real estate limited partnership (Private Placement) breach of fiduciary and securities fraud case.
MILLER & MILOVE CLIENTS AWARDED OVER $5,900,000-FRAUD IN THE SALE OF A BUSINESS (CLIENTS) vs. Microage Inc. et al
Family owned Computer Company was sold in exchange for stock of a New York Stock Exchange company while the stock was subject to a lock-up agreement. Insider trading caused a substantial decrease in value of stock paid to purchase the company. Case focused on misrepresentations and omissions in connection with the value of stock exchanged for acquisition of the technology business, the offer and sale of securities and accounting fraud. Result: Award of over $5,900,000 including recovery of attorneys’ fees and costs.
MILLER & MILOVE CLIENT AWARDED OVER $4,800,000-BOND FRAUD (CLIENT) vs. Miller & Schroeder Financial Inc.
Senior citizen was defrauded in connection with bonds sold to purportedly renovate and operate Alzheimer’s health care facilities. Findings: Elder Abuse, Securities Fraud, Breach of Fiduciary Duty, constructive fraud, statutory deceit. Award: compensatory damages-$243,125, attorney fees- $240,000, Exemplary and Punitive damages-$4,350,000.
MILLER & MILOVE CLIENT AWARDED OVER $2,500,000-Stock Broker Fraud (CLIENT) vs. Dean Witter
Family trusts, IRA holders and individuals recovered over $2,560,000 from stockbrokers and Wall Street broker dealer for unsuitable and excessive trading, options trading, margin trading, failing to supervise, breach of fiduciary duty and misrepresentations and omissions.
MILLER & MILOVE CLIENT AWARDED OVER $900,000-SECURITIES ACCOUNT MISMANANGEMENT (CLIENT) vs. Prudential Securities and Prudential Equity Group.
Retiree recovered over $900,000 from stockbroker and investment advisor, branch manager and Wall Street brokerage firms for unsuitable and excessive trading; CMOs, options, commodities, margin trading, breach of fiduciary duty and securities fraud.
MILLER & MILOVE CLIENT AWARDED OVER $675,000-REAL ESTATE PARTNERSHIP FRAUD (CLIENT) vs. Prudential Bache Securities
Elderly investor defrauded in real estate Private Placement limited partnership offering sold by New York Stock Exchange Company. Arbitration Findings included Violation of Rule 10b-5 of the Securities and Exchange Act (Federal Securities Fraud). Result: total award of $675,091 including $339,891 in compensatory damages, interest of $85,000 and punitive damages of $250,000.
MILLER & MILOVE (CLIENT) vs. MORGAN STANLEY DEAN WITTER $278,000-ACCOUNT MISMANAGEMENT
Excessive and unsuitable trading in technology stocks on margin by a Wall Street stockbroker and investment advisor.
MILLER & MILOVE (CLIENT) vs. PRUDENTIAL SECURITIES $235,024-SECURITIES ANALYST FRAUD
Misrepresentations and omissions made by Prudential Securities Biotechnology Analyst recommending the purchase of stock underwritten by brokerage company.
MILLER & MILOVE (CLIENT) vs. PRUDENTIAL BACHE SECURITIES – UNSUITABLE INVESTMENTS $177,000. Stockbroker induced purchase of unsuitable investments by misrepresenting that he owned the same risky stocks recommended to client.
MILLER & MILOVE has also successfully negotiated many confidential settlements deemed to be in the best interests of the Clients.
