• Procured judgment dismissing a civil complaint against a discount brokerage firm in case involving short sale of automotive stock that was called away and covered on open market by the broker at a higher price, resulting in realized loss for the investor who went short.
  • Prevailed on third party claim for indemnification on behalf of premier independent broker-dealer in complex securities case involving non-traded REITs.
  • Won defense award for dually-registered broker-dealer and investment advisory firm in FINRA arbitration involving an alleged service error related to an annuity product and successfully defended allegations of negligence, fraud, abandonment and breach of contract.
  • Won defense award for an independent broker-dealer in FINRA arbitration arising out of allegations of account mismanagement, unauthorized trading, churning, wrongful liquidation of common stock, and improper marking of trades as unsolicited. Obtained dismissal of case, with prejudice, with the hearing fees and other costs assessed against Claimant.
  • Obtained dismissal of FINRA arbitration prior to evidentiary hearing in customer dispute alleging violations of federal securities laws and FINRA Rules, unsuitability, breach of fiduciary duty, misrepresentation, negligence, breach of contract, and failure to supervise.
  • Prevailed on motion to dismiss pursuant to FINRA’s 6-year eligibility rule in case pertaining to investments in a limited partnership, gas and oil venture, and real estate investment trust.
  • Obtained voluntary dismissal of an SEC Registered Investment Advisor from an action in the U.S. District Court for the District of Delaware against 50 investment firms and their parent companies, alleging securities fraud, violation of Section 10(b) and Rule 10(b)(5) of the Securities Exchange Act of 1934, breach of contract, negligence, and breach of fiduciary duty.
  • Negotiated favorable settlement on behalf of an independent broker-dealer and its registered representative in a case involving a private securities offering of an oil and gas venture and the replacement of variable annuities.
  • Notable resolution of securities dispute involving multifaceted issues related to discretionary trading of stocks including Apple, Facebook, and Google, a sophisticated options strategy, and one of the most traded (and polarizing) exchange-traded funds in the world which tracks the performance of the Chicago Board Options Exchange Market Volatility Index futures.
  • Obtained Expungement of a customer complaint and FINRA arbitration from the Central Registration Depository (CRD) record on behalf of a broker.
  • Successful resolution of multiple FINRA arbitrations venued throughout the United States involving various Real Estate Investment Trusts (REITs).
  • Favorable resolution of FINRA arbitration involving multiple investors who asserted claims pertaining to the recommendation to purchase several alternative investments.
  • Obtained voluntary dismissal for broker-dealer in a securities case involving allegations of unsuitable private placement investments, fraudulent account statements, unsuitable margin trading, unauthorized loans, and suitability of variable annuities.
  • Successful disposition of securities case arising out of allegations regarding mismanagement of an investor’s brokerage account and unsuitable trading in penny stocks.
  • Noteworthy resolution of FINRA arbitration involving allegations of unauthorized trades and unsuitable margin trading in an investor’s brokerage account.
  • Favorable resolution on behalf of dually-registered broker-dealer and investment advisory firm of several securities cases throughout the United States pertaining to the sale of short-term debentures (unsecured debt).
  • Successful resolution of state court case (and related interpleader action) against an independent insurance and financial services company involving claims of negligent processing of a change of beneficiary form for a life insurance policy.
  • Successfully obtained an Order granting Defendant’s Motion for Non Pros and dismissing Plaintiff’s Complaint, with prejudice, in state court case after Plaintiff failed to amend his Complaint in response to Defendant’s Preliminary Objections on the basis of Pa. R.C.P. 1028(a)(3) for insufficient specificity of a pleading due to Plaintiffs failure to aver a cause of action for breach of contract. Entered Judgment of Non Pros in favor of Defendant, an insurance, investment management and tax/accounting services firm.
  • On behalf of a broker-dealer and its registered representatives, successfully resolved several securities arbitrations involving investments in various limited partnerships, limited liability companies, and real estate investment trusts.
  • Successful disposition of FINRA arbitration pertaining to the sale of a floating rate bond fund.
  • Favorable resolution of FINRA arbitration arising from allegations the broker and his broker-dealer failed to carry out instructions to change the beneficiary of a TOD investment account.
  • Successful resolution of several FINRA arbitrations throughout the United States pertaining to various Tenant in Common (TIC) investment properties and like-kind exchanges pursuant to Section 1031 of the Internal Revenue Code.
  • Noteworthy resolution on behalf of an independent broker-dealer in a securities case arising out of an allegedly unauthorized withdrawal from an investor’s IRA which was then invested in a Delaware limited liability company.
  • Successful disposition of contentious FINRA arbitration involving a 401(k) rollover and allegations regarding the suitability and tax qualifications of a variable annuity and equity-indexed annuity.
  • Negotiated favorable resolution of multi-Claimant securities arbitration involving several asset-backed securities issued by Lehman Brothers, Bear Stearns, Delta and Saxon.

Disclaimer

When you read our case result descriptions, you should know that not all results are typical, and your results may vary. The Law Office of Michael A. Nagy, LLC does not offer any guarantee of case results. The cases mentioned in this site are illustrative of the wide array of matters handled by the firm. These are merely intended to be illustrations and it is important to note that past performance does not guarantee future results. Each case must stand on its own facts and circumstances. Case results do not guarantee or predict a similar result in any future case undertaken by the firm. No representation is made that the quality of the legal service to be performed is greater than the quality of the legal service performed by other lawyers.