Shaheen, Novoselsky, Staat, Filipowski & Eccleston, P.C. Wins Jury Trial for Defendants in Investment Fraud Case

Jury Concluded That Plaintiffs' Lost Investment in Adult Day Care Business Was Not a Result of Fraud or Misrepresentation


CHICAGO, April 22, 2008 (PRIME NEWSWIRE) -- Shaheen, Novoselsky, Staat, Filipowski & Eccleston, P.C. is pleased to announce the successful defense of a husband and wife by Jack L. Haan in the jury case of Michael Makris and Melissa Makris v. Lisa Segarra and Luis Segarra, in the Circuit Court for the Nineteenth Judicial Circuit, Lake County, Illinois. Mr. Haan represented the Segarras, who were being sued by Mrs. Segarra's brother and his wife for alleged false statements and misrepresentations. On April 10, 2008, after a four-day trial, a jury before Judge Christopher Starck returned a verdict in favor of both defendants.

The plaintiffs lost their investment in an adult day care business in Miami, Florida in 2005, and then sought their money back by alleging both fraud and a violation of the Illinois Securities Law against the defendants. The jury found that the defendants did not commit fraud or make any misrepresentations to the plaintiffs at the time of the investment.

Commenting on the successful defense, Mr. Haan stated: "Unfortunately, all parties who invested their money in the day care business lost their investment. But after hearing the evidence, the jury correctly concluded that no fraud existed and that this simply was a business that did not succeed."

Jack L. Haan is the head of the litigation department at SNSFE. He has been winning his cases for over 15 years, and focuses his practice primarily in business and fiduciary litigation.

The Shaheen, Novoselsky, Staat, Filipowski & Eccleston, P.C. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4955



            

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