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Articles Posted in Securities Fraud

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CommonWealth REIT Investors Could Recover Losses

Investment fraud lawyers are currently investigating claims on behalf of investors who suffered significant losses in CommonWealth REIT. Allegedly, between January 10, 2012, and August 8, 2012, CommonWealth issued false and misleading statements regarding its financial standing and prospects which, if proved to be true, would be a violation of…

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Attorney Christopher Gray Interviewed By Lawyersandsettlements.com Concerning Non-Traded REIT Cases

Attorney Christopher J. Gray of Law Office of Christopher J. Gray, P.C.  was recently interviewed by a reporter from legal news website Lawyersandsettlements.com concerning investor claims arising out of unsuitable recommendations of non-traded REITs by stockbrokers.  The interview is accessible via the link below.  www.lawyersandsettlements.com/articles/securities/interview-securities-fraud-lawsuit-stock-2-18372.html?opt=b&utm_expid=3607522-0&ref=newsletter_pcf#.UPhW5WceeM8

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Full-service Brokerage Customers Who Were Overconcentrated in Citigroup Stock Could Recover Losses

In light of Citigroup Inc. Securities Litigation, Case No. 07 Civ. 9901, a settled class action suit against Citigroup, Citigroup shareholders are encouraged to contact an investment fraud lawyer in order to explore all their legal rights and options for recovering substantial losses that resulted from holding a concentrated position…

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Behringer Harvard REIT I Share Price Cut Again

On December 20, 2012, Behringer Harvard REIT I officials stated that its per share price valuation was decreasing from $4.64 per share to $4.01 per share. Securities fraud attorneys say this last devaluation represents a significant decline from its original offering price. Behringer Harvard REIT I has assets amounting to…

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Investor Recovers $1.38 Million from Morgan Keegan

On December 17, a Financial Industry Regulatory Authority arbitration panel reportedly sided with an investor against Morgan Keegan & Co. Inc. Stock fraud lawyers say the FINRA arbitration panel awarded the investor $1.38 million in settling his complaint related to Morgan Keen proprietary bond funds called the Intermediate Fund. Of…

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Inland American REIT Share Price Cut Again

On December 19, 2012, Inland American Real Estate Trust Inc. stated that its per share price valuation was decreasing from $7.22 per share to $6.93 per share. Securities fraud attorneys say this last devaluation represents a 30 percent decrease from its original price of $10 per share. With assets amounting…

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Longwei Petroleum Under Investigation for Allegedly Misleading Investors with False Financials

Investment lawyers are currently investigating claims on behalf of investors in Longwei Petroleum Investment Holding Ltd. As a wholesale petroleum products distributor, Longwei Petroleum deals in storage, transportation, and sales of finished petroleum products in the People’s Republic of China. In the latter part of December, Longwei Petroleum reported its…

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Investor Sues Citigroup for $400 Million Lost in CSO Fund

An investor recently commenced legal action attempting to recover $400 million lost in Citigroup Alternative Investments LLC’s Corporate Special Opportunities Fund. The investor, David Beach, is suing Citigroup, accusing the bank of misleading investors about debt trading in ProSiebenSat. 1 Media AG, (PSM). ProSiebenSat. 1 is a German firm and…

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Cole Credit Property Trust II, Dividend Capital Total Realty Named in Complaints Against LPL Financial

Securities fraud attorneys continue to investigate claims on behalf of investors who suffered losses in nontraded real estate investment trusts purchased from LPL Financial between 2006 and 2009. The recent announcement that LPL is being sued by the State of Massachusetts over sales practices related to nontraded REITs has helped…

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Wells Timberland REIT Share Price Cut 35%

On December 14, 2012, Wells Timberland REIT Inc’s board of directors issued a new estimated value of the real estate investment trust’s common stock. Wells Timberland REIT is now valued at only $6.56 per share. In 2006, when the REIT was launched, the public offering price of the shares was…

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