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Investment adviser fraud claim settles pre-suit for $18.85 million

Investment adviser fraud claim settles pre-suit for $18.85 million

 Settlement Report

Type of action: Investment adviser fraud/negligence

Injuries alleged: Loss of investment, fees paid to advisers

Case name: Case settled confidentially without filing suit

Court: Wake and Mecklenburg counties

Verdict or settlement: Settlement

Date: Spring 2010

Amount: $18.85 million             

Plaintiff’s attorney: James A. Roberts III (Raleigh) and Gary V. Mauney (Charlotte), both of Lewis & Roberts

Editor’s note: The information in Lawyers Weekly’s verdicts and settlements reports was submitted by the counsel for the prevailing party and represents the attorney’s characterization of the case.

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