Failed Mutual Funds and Hedge Funds

Not all mutual funds are created equal. Some are defective from their outset, and some become defective over time. These funds, which are often sold as low risk investments are in fact high risk gambles. Recent examples include the Schwab Yield Plus Fund and Oppenheimer Champion Income Fund. Investors who are deceived into purchasing such funds have valid claims to recover their losses. Our firm has experience with these defective funds and are able to recover for our clients.

We have also been among the most successful lawyers nationally in recovering money lost in hedge funds, which are rarely suitable for individual investors, and often unsuitable for institutions and pension funds. We have represented investors in the Grifphon Alpha Fund, Stone & Youngberg Municipal Arbitrage Fund, Wood River Partners Fund, among others. In the Wood River case, our client reportedly fared better than any other victim nationwide in his success and recovery of his losses. Our results in that case were featured on Page One of the New York Law Journal.

Call Banks Law Office and speak with an experienced lawyer or fill out our confidential free evaluation form today.