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Boca Raton, Florida – February 12, 2021 (LEGAL NEWSWIRE) – Silver Law Group and The Law Firm of David R. Chase have joined forces to investigate potential claims on behalf of investors who were sold investments in Northstar Financial Services (Bermuda) Ltd. (“Northstar”). Northstar is a Bermuda-based company that offers investment and annuity products. Northstar investments purport to offer various benefits, including tax benefits not available for US-based investments, and were sold as guaranteed with no risk to principal or as a money-market equivalent investors have claimed.
Following Northstar’s recent collapse, investors have experienced suspended monthly income payments, illiquidity, and inability to surrender their policies potentially resulting in losses of virtually their entire investment. Northstar’s collapse was likely attributable to the company’s 2018 sale to now-convicted fraudster Greg Lindberg. As details about Lindberg’s financial dealings came to light, issues with Northstar also became apparent, and Northstar was plunged into liquidation proceedings in Bermuda.
We currently represent investors in claims against the selling brokerage firms for lack of due diligence, breach of fiduciary duty, and other claims. These cases are handled on a contingency fee basis and filed against the brokerage firm with FINRA as a securities arbitration claim.
Broker-dealers across the Southeast United States and South and Central America purportedly sold Northstar investments to customers as safe, secure, and liquid. Unfortunately, investors were not informed of the risky nature of these investments, or of the company’s ties to Lindberg. Investors who have scrambled to pull their money out of Northstar have been predominantly unsuccessful.
Our attorneys have spoken to investors who allege their financial advisor assured them these investments are safe. Investors are now pursuing claims against their financial advisor or their brokerage firm for breach of fiduciary duty, negligence, failure to conduct reasonable due diligence, and other claims.
We are happy to talk to investors by phone or video conference about how we can help recover losses through securities arbitration.
Our attorneys include former SEC prosecutors and former Wall Street defense attorneys with significant experience recovering investor money through stockbroker misconduct claims. If you suffered losses and would like a confidential consultation with a securities attorney with passion and experience advocating for aggrieved investors, call Silver Law Group toll free at (800) 975-4345 or email ssilver@silverlaw.com or call The Law Firm of David R. Chase at (800) 760-0912 or visit securitiesfraudattorneys.com.
