Case Page

 

Case Status:    DISMISSED    
On or around 04/16/2014 (Court's order of dismissal)

Filing Date: October 04, 2010

On October 04, 2010, and on October 05, 2010, a complaint and an amended complaint were filed by the plaintiffs against the defendants alleging that Royal Alliance and Georgetown Capital represented to and advised plaintiffs and the public that they, with Geidel as their agent, strive to advise clients "who have been working all their lives and are too afraid to retire because they are uncertain about their financial future," and that they would "map out a strategy" to achieve financial goals that would take "into consideration the client's goals, time frame, investment experience and risk tolerance."

The plaintiffs allege that Royal Alliance and Georgetown Capital failed to use due care in the enforcement and/or implementation of and/or failed to adequately enforce and/or implement any procedures that they did have in place to review, monitor, or supervise their registered representatives and investment advisors.

On October 5, 2010, an Amended Complaint was filed. The complaint was again amended by the filing of a Second Amended Complaint on March 14, 2011. The case soon after began mediation. On November 3, 2011, the plaintiffs filed a motion to certify the class.

On June 5, 2013, the parties entered into a Stipulation to dismiss this case with prejudice based on the terms of a confidential Settlement Agreement.

COMPANY INFORMATION:

Sector: Financial
Industry: Investment Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol:
Company Market: Privately Traded
Market Status: Privately Held

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: W.D. New York
DOCKET #: 10-CV-00793
JUDGE: Hon. Richard J. Arcara
DATE FILED: 10/04/2010
CLASS PERIOD START: 06/01/1990
CLASS PERIOD END: 09/01/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Duke, Holzman, Photiadis & Gresens LLP
    1800 Main Place Tower, 350 Main Street, Duke, Holzman, Photiadis & Gresens LLP, NY 14202
    716.855.1111 ·
No Document Title Filing Date
COURT: W.D. New York
DOCKET #: 10-CV-00793
JUDGE: Hon. Richard J. Arcara
DATE FILED: 03/14/2011
CLASS PERIOD START: 06/01/1990
CLASS PERIOD END: 09/01/2010
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Duke, Holzman, Photiadis & Gresens LLP
    1800 Main Place Tower, 350 Main Street, Duke, Holzman, Photiadis & Gresens LLP, NY 14202
    716.855.1111 ·
No Document Title Filing Date