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Investment Loss Litigation

Mr. Fish recovered approximately $5 million for over 2,000 investors (through a derivative lawsuit) who had invested in a limited partnership commodities fund. The fiduciaries responsible for the limited partnership entrusted the investors' money to a company (Refco) who ended up filing for bankruptcy after its officers had allegedly misappropriated assets. As a result of the bankruptcy filing, Mr. Fish's clients were unable to access their money. After approximately one year of Federal court litigation, a settlement was reached that provided an approximately $5,000,000 benefit to the 2,000 limited partners. In March 2007, Judge Wayne Anderson (Federal Court, Chicago) entered final approval of the settlement. (Franzen vs. IDS Managed Futures)

Read the Settlement