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“Our heartfelt condolences go out to Larry’s family. He was a great man who brought the Mesothelioma Community together around the country year in and year out in order to raise awareness of asbestos health dangers. We will honor Larry’s memory and tremendous community efforts by remaining committed to supporting the cause for which he was so passionate about.”
Jim Sokolove, Founder
“Sokolove Law is fortunate to have known Larry and we thank his daughter Courtney and the rest of the Davis family for sharing his story and impacting countless other lives around the country. He will be sorely missed.”
Ricky LeBlanc, Managing Attorney, Asbestos, Sokolove Law
For more than 30 years, Sokolove Law has helped children of families who have been impacted by cerebral palsy, Erb’s palsy (also known as Brachial Plexus injury), and other birth-related injuries. The firm has helped people in all 50 states get the legal support they need to move personal injury claims successfully through the court system. ChildBirthInjuries.com is great new resource for parents and their families.”
Jim Sokolove, founder
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Citigroup Asks Court to OK $285 Million Settlement

Citigroup is appealing a judge’s ruling and asking for its $285 million mortgage-securities settlement with the federal government to stand. Both Citigroup and the Securities and Exchange Commission had cobbled together the agreement to resolve a federal lawsuit against the bank without going to trial. With this appeal, as noted in a recent Bloomberg article , Citigroup hopes to reverse U.S. District Judge Jed Rakoff’s 2011 veto of the agreement. Paying the $285 million would let

Indiana Investors Face Possible $1.6 Million Fraud Loss

Two men, Martin McClary of Indiana, and Parry Wayne Clark of Florida, stand accused of bilking more than $1.6 million from 33 investors to whom they’d promised “big returns.” In some cases, the duo even promised prospects the chance to double their money in a year. However, through shell companies, McClary and Clark took in money and used it in ways the investors hadn’t agreed to. The duo now faces 23 felony counts for securities fraud , and for violations of securities

Illinois Investment Firm Lost Millions for Clients

Investors and creditors in the now defunct Illinois-based Commercial Mortgage and Finance (CMF) investment company are owed $63 million, of which only a fraction has been recovered. Among its various lines of business, Rockford-based CMF made residential and commercial loans and sold certificates of deposit (CDs) and mortgage backed-investments. The FBI and state authorities have accused the onetime head of CMF, Anthony D’Agostino, of running the company like a Ponzi scheme from 1997 to 2008. He did this by selling promissory notes and certificates of participation, says a Dec. 11, 2012,

Former Stockbroker Misses Repayment Deadline, Faces Jail

A former North Dakota stockbroker and admitted felon who missed a court deadline to pay $2.1 million to his former clients now faces prison, notes an article  in the Grand Forks Herald. The stockbroker, Ross Haugen, pleaded guilty earlier this month to taking $2.5 million in spurious investments from six clients. In a plea deal in state court, Haugen agreed to repay $2.1 million he stole from clients in 2006 and 2007. For that, the state’s attorney promised not to request prison time for him. However, Haugen missed his Jan. 29

Bilked Investors in New York Case Owed Millions

After four years of effort, a receiver in a New York securities fraud  case is still trying to find ways to recover millions in lost investor cash. With the disbursement of another $40 million last December, that brings to $855 million the sum returned to the one-time clients of former hedge fund operator Paul Greenwood. However, that’s still only about 90 percent of the recognized claims, according to this recent news article 

Feds Say Trader Used Client Account for Fraudulent Stock Deal

Securities fraud  often involves a financial professional exploiting a client for personal gain. Law enforcement agents claim this is what happened last October at Rochdale Securities, a Stamford, Conn.-based financial services firm. One of its former traders, David Miller, bought more than 1.6 million shares of Apple stock (worth $1 billion) for a client who later claimed he’d only wanted 1,625 shares, according to an article 

Another Madoff Heads to Jail as Victims Suffer

Victims of Bernard Madoff’s massive Ponzi scheme continue to look for justice, even while coping with the loss of their investments, as noted in a recent Fox News article . The fraud committed by the Madoff family investment firm lost thousands of investors a total of $20 billion, and some of the victims are now fighting for financial survival. "All of this was preventable if only one person was willing to do the right thing and stop this [the Madoff fraud] in its tracks years ago,” said Michael De

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