{"id":3082,"date":"2014-06-27T00:00:00","date_gmt":"2014-06-27T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/silver-law-group-settles-investor-class-action-for-13-million\/"},"modified":"2018-10-08T12:40:23","modified_gmt":"2018-10-08T16:40:23","slug":"silver-law-group-settles-investor-class-action-for-13-million","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-settles-investor-class-action-for-13-million\/","title":{"rendered":"Silver Law Group Settles Investor Class Action for $13 Million"},"content":{"rendered":"<\/p>\n<p>Silver Law Group settles a Class Action Complaint on behalf of a group of investors which generally alleged Regions Bank assisted U.S. Pension Trust Corp (\u201cUSPT\u201d) in the sale of unregistered securities and failed to properly disclose the high fees and costs of the program. Plaintiffs pursued a <a title=\"class action\" href=\"https:\/\/www.silverlaw.com\/complex-commercial-litigation\/class-actions\/\"  target=\"_blank\">class action<\/a> because many investors were located internationally and a <a title=\"class action\" href=\"https:\/\/www.silverlaw.com\/complex-commercial-litigation\/class-actions\/\"  target=\"_blank\">class action<\/a> was an appropriate vehicle to pursue damages.\u00a0 The SEC had previously charged USPT with violating the federal securities laws and entered judgment against USPT in September 2010.\u00a0 Plaintiffs alleged Defendants violated the Florida Securities and Investor Protection Act and aided and abetted the unregistered sale of securities, amongst other claims.<\/p>\n<p>The victims were primarily from Latin America and over 5,000 investors were identified as potential class members.\u00a0 A United States District Court Judge in Miami appointed <a title=\"silver law group\" href=\"https:\/\/www.silverlaw.com\"  target=\"_blank\">Silver Law Group<\/a> and its co-counsel as attorneys to represent the Plaintiffs.\u00a0 The Plaintiffs further alleged Regions advised USPT on the design and content of marketing materials, had a role in drafting documents, participated in sales conventions and was paid as the trustee on USPT trust accounts.\u00a0 The class action ultimately settled for approximately $13 million.\u00a0 The case was reported by the\u00a0<a href=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/DBR_Regions-Bank-Settlement1.pdf\" target=\"_blank\">Daily Business Review<\/a>.<\/p>\n<p>If you have questions about your legal rights, or have been the victim of investment fraud, please contact <a href=\"https:\/\/www.silverlaw.com\/scott-l-silver.html\" target=\"_blank\">Scott Silver<\/a> of the Silver Law Group for a free consultation at <a href=\"mailto:ssilver@silverlaw.com\" target=\"_blank\">ssilver@silverlaw.com<\/a> or Toll Free at (800) 975-4345.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-settles-investor-class-action-for-13-million\/\"  title=\"Continue Reading Silver Law Group Settles Investor Class Action for $13 Million\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Silver Law Group settles a Class Action Complaint on behalf of a group of investors which generally alleged Regions Bank assisted U.S. Pension Trust Corp (\u201cUSPT\u201d) in the sale of unregistered securities and failed to properly disclose the high fees and costs of the program. Plaintiffs pursued a class action because many investors were located [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[602,595],"tags":[541,1118,315,428,542],"class_list":["post-3082","post","type-post","status-publish","format-standard","hentry","category-class-action","category-investment-fraud","tag-class-action-2","tag-investment-fraud","tag-securities-fraud","tag-securities-violations","tag-unregistered-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Silver Law Group Settles Investor Class Action for $13 Million &#8212; Securities Arbitration Lawyers Blog &#8212; June 27, 2014<\/title>\n<meta name=\"description\" content=\"Silver Law Group settles a Class Action Complaint on behalf of a group of investors which generally alleged Regions Bank assisted U.S. Pension Trust Corp &#8212; June 27, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-settles-investor-class-action-for-13-million\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Silver Law Group Settles Investor Class Action for $13 Million &#8212; Securities Arbitration Lawyers Blog &#8212; June 27, 2014\" \/>\n<meta name=\"twitter:description\" content=\"Silver Law Group settles a Class Action Complaint on behalf of a group of investors which generally alleged Regions Bank assisted U.S. Pension Trust Corp &#8212; June 27, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Silver Law Group Settles Investor Class Action for $13 Million &#8212; 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