PENSACOLA, FL--(Marketwire - Jun 3, 2011) - Levin Papantonio, one of the nation's top securities law firms (http://www.stockbrokerattorney.com/), announced today that it will be holding a town hall meeting in Boston on Thursday, June 9th for investors who have suffered losses from the recent $110 million Inofin fraud alleged by the SEC. The event will take place at the Nine Zero Hotel in the Imagine Room. There are two meeting times for the convenience of the attendees: 12:00 pm - 1:00 pm EST and 5:30 pm - 6:30 pm EST. For more information about the hotel's location please visit www.ninezero.com.
On April 14, 2011, the SEC filed a federal lawsuit against Inofin and executives Michael Cuomo, Kevin Mann and Melissa George for misleading investors in over 25 states. The SEC alleges the subprime auto lender illegally raised at least $110 million by selling unregistered promissory notes to investors.
According to the SEC, Inofin investors were led to believe their investment in the notes would yield a 9% ‐ 15% return rate. Instead, the SEC alleges that Inofin executives used investor money to open four used car dealerships and build multiple real estate developments for personal benefit.
The SEC also charged sales agents David Affeldt and Kevin Keough with allegedly offering to sell unregistered company securities, from which they received more than $500,000 in illegal referral fees between 2004 and 2009. Keough's wife, Nancy, was also named in the SEC complaint as a relief defendant.
On April 27, 2011, Levin Papantonio announced that it had joined forces with Schneider Wallace and Fishman Haygood of Louisiana to pursue Inofin claims.
Garret Wotkyns of Schneider Wallace, who focuses on complex financial services cases, said that he hoped the firms would be able to help Inofin investors by combining the strengths and collective experience of these three law firms when handling Inofin cases. The three firms have a combined history of representing many investors in similar claims.
About Levin Papantonio
The Levin Papantonio law firm is recognized as one of the preeminent law firms in the US. In the past twenty‐five years, the attorneys have obtained more than seventy‐five jury verdicts in the amount of one million dollars or more, including twelve jury verdicts in excess of ten million dollars, and two in excess of $450 million.
About Fishman Haygood
Fishman Haygood Phelps Walmsley Willis & Swanson, LLP was founded in the mid‐1990s by leading business and litigation lawyers from three of the most prestigious law firms in Louisiana. Fishman Haygood has handled hundreds of investor claims and obtained one of the largest verdicts against a brokerage firm ever rendered by an arbitration panel.
About Schneider Wallace
Schneider Wallace Cottrell Brayton Konecky, LLP represents workers, investors and consumers in class action litigation matters around the country. For almost two decades, the firm's attorneys have handled matters involving workplace benefits, alleged financial losses and consumer rights.
Contact Information:
Media Contact:
Patrick Barrett
Securities Department
Levin, Papantonio, P.A.
pbarrett@levinlaw.com
888-435-7001