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Articles Posted in Class Action

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Silver Law Group, along with co-counsel, filed a class action lawsuit against Jerry Hostetter, Buck Joffrey, Randall Leaman, and David Zook on behalf of investors to recover losses in what the Plaintiff alleges was a “$700,000,000 Ponzi scheme perpetrated by and through a series of investment funds, called the ‘Prestige Fund(s),’ together with Paramount Management Group, LLC.” The class action, filed in United States District Court for the Eastern District of Pennsylvania, alleges that the Defendants, along with Daryl Heller, served as executives for, managed, and raised capital for a Lancaster Pennsylvania-based company—Prestige—that, together with Paramount, claimed to manage a portfolio of approximately 38,000 ATMs when in fact the company owned/managed fewer than 10,000, leading to massive cash shortfalls.Silver Law Group, along with co-counsel, filed a class action lawsuit against Jerry Hostetter, Buck Joffrey, Randall Leaman, and David Zook on behalf of investors to recover losses in what the Plaintiff alleges was a “$700,000,000 Ponzi scheme perpetrated by and through a series of investment funds, called the ‘Prestige Fund(s),’ together with Paramount Management Group, LLC.” Continue reading ›

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Silver Law Group is investigating major banks and financial institutions for potentially failing to provide competitive interest rates on cash balances in brokerage and advisory accounts. Over the past few years of high-interest rates, while customers earned minuscule returns, some banks earned billions on customers’ cash balances. If you believe you are a victim of this misconduct, contact us at (800) 975-4345 or ssilver@silverlaw.com. The Issue With Low-Interest-Bearing Accounts Many banks that offer brokerage and advisory services offer "Cash Sweep" programs to roll customers’ uninvested funds into interest-bearing accounts. However, a concerning trend has emerged: banks appear to be paying customers extremely low interest rates while retaining the bulk of the earnings. This has allowed these firms to capitalize on the high-interest rate environment while paying accountholders less than 1%, in some cases.Silver Law Group is investigating major banks and financial institutions for potentially failing to provide competitive interest rates on cash balances in brokerage and advisory accounts. Over the past few years of high-interest rates, while customers earned minuscule returns, some banks earned billions on customers’ cash balances. If you believe you are a victim of this misconduct, contact us at (800) 975-4345 or ssilver@silverlaw.com. Continue reading ›

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An investor has filed a Class Action Complaint against Wells Fargo in the Northern District of California alleging that Wells Fargo failed to pay the highest-available interest rate on the cash balance in customer accounts. The Class Action Complaint, filed July 31, 2024, alleges that Wells Fargo breached its fiduciary duties to customers, breached its contract with certain accountholders, and was unjustly enriched via the alleged misconduct.An investor has filed a Class Action Complaint against Wells Fargo in the Northern District of California alleging that Wells Fargo failed to pay the highest-available interest rate on the cash balance in customer accounts.

The Class Action Complaint, filed July 31, 2024, alleges that Wells Fargo breached its fiduciary duties to customers, breached its contract with certain accountholders, and was unjustly enriched via the alleged misconduct. Continue reading ›

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Silver Law Group is investigating Mondee Holdings on behalf of investors who bought or acquired Mondee Securities. If you invested in Mondee Securities and have questions about your legal rights, or if you have information relevant to this matter, contact Silver Law Group for a no-cost consultation at 800-975-4353 to discuss your potential options. Recently, Night Market Research, an equity research firm, released its report called "Mondee: Bad Trip Choking on High Interest Debt, 100% Downside." In it, the firm discussed its findings that the Austin, TX based company is facing the "probability of near-term common equity wipeout with rising default risk on growing debt balance."   In July of 2022, Mondee Holdings went public with a reverse merger with ITHAX Acquisition Corp, a SPAC, or “Special Purpose Acquisition Company.”Silver Law Group is investigating Mondee Holdings on behalf of investors who bought or acquired Mondee Securities.

If you invested in Mondee Securities and have questions about your legal rights, or if you have information relevant to this matter, contact Silver Law Group for a no-cost consultation at 800-975-4353 to discuss your potential options. Continue reading ›

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Silver Law Group is investigating banks TCF Financial and Huntington Bancshares Inc. (HBAN) for potential violations of the federal securities laws. If you bought or acquired shares of Huntington Bancshares (HBAN), Silver Law Group may be able to recover your investment losses. Contact us at 800-975-4345 for a no-cost consultation. TCF Financial, Huntington Bancshares Merge In 2021 TCF Financial merged into Columbus, Ohio-headquartered Huntington Bancshares in a $22 billion deal to become the second-biggest bank in Michigan with 300 offices. They are also a top 25 bank in the U.S with $143 billion total deposits and $174 billion in assets.Silver Law Group is investigating banks TCF Financial and Huntington Bancshares Inc. (HBAN) for potential violations of the federal securities laws.

If you bought or acquired shares of Huntington Bancshares (HBAN), Silver Law Group may be able to recover your investment losses. Contact us at 800-975-4345 for a no-cost consultation. Continue reading ›

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Silver Law Group, a nationally-recognized law firm representing victims of securities and investment fraud, is investigating potential claims to recover investment losses on behalf of owners of TriplePoint (TPVG) stock, which has recently dropped significantly in value on a report questioning the value of its loan book. If you own shares of TriplePoint (TPVG), Silver Law Group may be able to help you recover investment losses. Contact us today for a consultation at 800-975-4345. Report Alleges TriplePoint’s Equity Is Impaired TriplePoint Venture Growth BDC (TPVG) describes itself as a “business development company specializing in investments in venture capital-backed companies at the growth stage investments.” The company also provides “debt financing to venture growth space companies.” Silver Law Group, a nationally-recognized law firm representing victims of securities and investment fraud, is investigating potential claims to recover investment losses on behalf of owners of TriplePoint (TPVG) stock, which has recently dropped significantly in value on a report questioning the value of its loan book. Continue reading ›

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Silver Law Group is investigating Huntington Bancshares Inc. (HBAN) regarding potential violations of securities laws. If you own shares of Huntington Bancshares (HBAN), Silver Law Group may be able to help recover your investment losses. Contact us today for a no-cost consultation at 800-975-4345. Huntington, TCF Financial Merge In June, 2021, Detroit-based TCF Financial Inc. merged into Ohio-based Huntington Bancshares Inc. merged to become the second-biggest bank in the state of Michigan and a top 25 U.S. bank. The merged bank uses the Huntington Bancshares (HBAN) name and had almost $41 billion in deposits in the state as of mid-2021 and $143 billion total deposits at the end of 2021. TCF common stock holders received 3.0028 shares of Huntington Bancshares common stock. Instead of receiving fractional shares, TCF shareholders were paid cash.Silver Law Group is investigating Huntington Bancshares Inc. (HBAN) regarding potential violations of securities laws.

If you own shares of Huntington Bancshares (HBAN), Silver Law Group may be able to help recover your investment losses. Contact us today for a no-cost consultation at 800-975-4345. Continue reading ›

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