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Defending the broker-dealer against retirees’ misrepresentation and unsuitability charges
Summary: The case was filed by retirees who alleged they had been misled about the risk of investing in Fannie Mae and Freddie Mac preferred stock. Preferred shareholders of Fannie and Freddie were nearly wiped out when both entities were placed into conservatorship by government regulators in September 2008 at the height of the mortgage crisis. The retirees, who were represented by one of the foremost public investor law firms in the country, had originally sought damages of six figures for alleged misrepresentation and unsuitability.READ THIS CASE STUDY
How can we help investor advisors and financial professionals?
Barr & Young represents licensed financial professionals, registered investment advisors, stock brokers, investment banks, hedge funds and broker dealers, and individuals in all manner of securities and financial litigation. We have more than two decades of experience of successfully trying and arbitrating securities and investor cases. These matters include claims of:
Breach of Fiduciary Duty →
Mismanagement of Mutual Funds→
Mismanagement of Managed Accounts →
Breach of Operating Agreements, Prospectuses, and Private Placement Memoranda →
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