Northstar Financial (Bermuda) Lawsuit
Did you invest in any of the Northstar Financial products ? Stock Loss Recovery Lawyer
If you invested in any of the Northstar Financial products you should know that the Bermuda Supreme Court recently turned down a request by Northstar Financial Services (Bermuda) Ltd. for more time to pursue restructuring the bankruptcy they filed last year.
As a result investors may be facing the loss of a significant portion of their investment.
Affected investors can pursue damages from the financial firm that sold you Northstar Financial Services investments.
We can help you recover damages for these losses by pursuing your claim, on a contingent fee basis, in a FINRA arbitration.
Call us now or fill out the contact form at the bottom of the page and we will call you for a no charge evaluation of your case.
If you were recommended Northstar Financial Services (Bermuda) investments and have suffered losses, contact our office to learn how you may be able to damages through FINRA arbitration.
Greg Lindberg, the owner of Northstar Financial Services (Bermuda) was convicted in October 2020 of bribery and wire fraud and has been sentenced to a 7 year prison term. Following his indictment and conviction Northstar Financial investors sought redemption of their investments. Unable to fund the demand for redemptions the company sought bankruptcy protection.
Northstar Financial Products include:
- Global VIP Elite
- Global Advantage Plus Series
- Global Index Product
- Global Advantage Select
- Global Interest Accumulator
Financial Firms That Sold Northstar Financial Services (Bermuda) Products include (partial list):
- Bankoh Investment Services
- Cetera Investment Services
- Hancock Whitney Investment Services
- J.P. Morgan Securities
- Ocean Financial Services
- SunTrust Investment Services
- Truist Investment Services
Brokers and financial advisors have a duty to make suitable recommendations to investors. Brokerage firms are required to supervise their brokers to assure that only suitable recommendations are made to customers. Financial advisors also have a duty to perform due diligence to investigate an investment before recommending it to a customer.
A breach of any of these duties forms the basis of liability for investor claims. FINRA arbitration is generally much more expedient than court litigation with most cases being resolved in 12-18 months. We generally do our work on a contingent fee basis, meaning that we are only paid if we are successful.
Contact us now for a free case evaluation with an experienced securities attorney.
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Florida-561 391 1900