FT. LAUDERDALE, Fla., Aug. 22, 2012 (GLOBE NEWSWIRE) -- Sonn & Erez has been retained by investors to investigate Behringer Harvard Holdings and Behringer Harvard Strategic Opportunity Fund. On August 22, 2012, InvestmentNews reported that Behringer Harvard is set to report that its Strategic Opportunity Fund is worthless. Investment News reported that The Strategic Opportunity Fund I's "liabilities are greater than its assets," said Michael O'Hanlon, chief executive of the funds that comprise Behringer Harvard's opportunity platform.
Behringer Harvard informed brokers last week of the fund's problems and is preparing to inform investors by Friday. The Strategic Opportunity Fund was a private placement investment sold to investors by numerous brokerage firms including IMS Securities.
"Investors who invested in these funds may not have been told by their broker of the greater risks of these illiquid investments and that the investments were unsuitable," said Jeff Erez, Esq. Investors in such a circumstance may have claims against the brokerage firms that sold them these investments."Our firm's clients were not told of the inherent risks of the fund and will now bring a claim against the brokerage firm that sold them the poor investment," said Jeff Sonn, Esq.
Behringer Harvard raised $65 million in its Strategic Opportunity Fund 1 and $62 million in its Strategic Opportunity Fund II.
"Investors should act to protect their legal rights as certain claims may be barred by the passage of time," said Jeff Sonn, Esq.
Sonn & Erez PLC is a nationally recognized law firm that concentrates its practice on representing investors in securities arbitration and litigation. Sonn & Erez is an AV-Rated law firm that represents investors nationwide in stockbroker misconduct and investment fraud cases. The firm has represented individual and institutional investors against many brokerage firms and financial advisory firms in claims involving stocks, bonds, structured products, options, auction rate securities, mutual funds, hedge funds, and asset backed securities. Please contact Jeffrey Sonn, Esq. or Jeff Erez at 1-866-372-8311, or 954-763-4700 for more information.
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