Grifphon Fund Investigation

January 21, 2013

Salas Wang LLC is launching its investigation into Grifphon Funds, an alleged ponzi scheme.  Grifphon was a Portland, Oregon based hedge fund sold by FINRA-registered broker-dealers.  Specifically, KMS Financial Services out of Seattle was sanctioned by FINRA for allowing its brokers to sell this fund without conducting proper due diligence.  Grifphon, as well as its […]

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Jeff Salas Named Illinois Super Lawyers’ “Rising Star”

January 15, 2013

Salas Wang LLC partner Jeffrey Salas has been named to the Illinois Rising Stars list as one of the top up-and-coming attorneys in Illinois for 2013. Each year, no more than 2.5 percent of the lawyers in the state receive this honor. The selection for this respected list is made by the research team at […]

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Wells REIT / Columbia Property Trust Investor?

November 15, 2012

Salas Wang LLC is currently investigating claims against Wells REIT (now Columbia Property Trust) and and the stockbrokers that sell Wells REIT.  Specifically, investors may have recovery options to recoup the losses of almost 40% of their investment.  Stockbrokers generally do not disclose the risks posed by an investment in Wells, specifically: • No public […]

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Losses in CNL Lifestyle Properties?

November 15, 2012

Salas Wang LLC is announcing its investigation into CNL Lifestyle Properties, a “lifestyle” real estate investment trust headquartered in Orlando, Florida.    Investors in CNL  may have lost over 50% of their principal in the investment.  We believe there are claims against the company and that stockbrokers have been selling this investment to individuals without […]

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Chicago Tribune Exposes Labor Violations at Car Washes

September 21, 2012

This morning, the Chicago Tribune published an article showing that a vast majority of car wash employees are subject to labor abuses.  Specifically, the article was reporting on a study done by the University of Illinois: Titled “Clean Cars, Dirty Work,” the report, funded partially by United Steelworkers, found that a majority of Chicago carwash […]

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Salas Wang LLC Client Awarded Over a Quarter Million Dollars in Arbitration

September 21, 2012

Salas Wang LLC client was recently awarded $296,000 in a recent decision from a FINRA arbitration panel.  This award included prejudgment interest, trebled damages under Washington law, and attorneys’ fees and costs. The claim was brought for investments in Desert Capital REIT, Provident Shale Royalties, DBSI, and Cypress Income Fund. The full text of the […]

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Dividend Capital REIT Investigation

September 5, 2012

Salas Wang LLC is investigating claims for shareholders of Dividend Capital REIT.  Dividend Capital is a newly restructured REIT which has incurred losses to investors.  Salas Wang LLC  believes that this was an investment that involved significant risks and high commissions for brokers. If you are a Dividend Capital REIT investor, please call Jeffrey Salas […]

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Wells Fargo / Patrick McMurtry Investigation

August 17, 2012

The SEC just announced that it has started proceedings against Wells Fargo and its former stockbroker, Patrick McMurtry.  McMurtry targeted non-profits and charitable institutions, recommending that these institutions investing risky, complex investments despite their conservative investor profile.  Specifically, the SEC alleges: From at least January 1, 2007 through August 14, 2007 (“relevant time period”), Wells […]

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J. Alexander (JAX) Merger Claims

July 31, 2012

Salas Wang LLC is currently investigating shareholder claims for investors in J. Alexander Corporation.  Specifically, J. Alexander’s board of directors sold the company for cash, when it could have allowed shareholders to participate in the company’s future. JAX’s Board turned down a cash/stock offer in favor of the all cash option.  Salas Wang LLC is […]

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Fidelity Bancorp Inc. Merger Investigation

July 21, 2012

Salas Wang LLC is currently investigating WesBanco’s takeover of Fidelity Bancorp.  The firm is investigating whether Fidelity’s board of directors adequately shopped the company and is providing full disclosure in this merger. If you are a Fidelity Bancorp shareholder and would like to learn more about this investigation, please call Jeffrey M. Salas at 312.803.4963 […]

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