NEW YORK, March 12, 2009 (GLOBE NEWSWIRE) -- The law firm of Napoli Bern Ripka, LLP announced today that a claim was filed with AAA (American Arbitration Association) against Ballamor Capital Management, an SEC registered investment advisor. The claim was filed on behalf of an investor who seeks damages for losses sustained as a result of Ballamor's over-concentration in illiquid assets and leveraged bonds in direct contravention with the investor's stated objectives.
The AAA Statement of Claim alleges damages for breach of fiduciary duty, breach of contract, unsuitability, over-concentration and misrepresentations and omissions relating to the firm's failure to properly disclose the risks associated with the investment strategy.
Napoli Bern Ripka fights for investors who can't fight for themselves. The firm does not charge a legal fee unless it recovers money for its clients. Investors can obtain a free legal consultation by contacting Adam J. Gana at (212) 267-3700 ext. 115. The firm will analyze all potential claims where the investor's investments did not match his or her objectives.
The law firm of Napoli Bern Ripka, LLP has obtained over 1.5 billion dollars in verdicts and settlements for its clients. The firm is currently representing over 300 securities claims throughout the continental United States. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.