Judgments & Settlements – Redmins Group

FL: 954-516-6000 | MD: 240-516-6000 | DC: 202-516-6000

Confidential Settlement of $5 Million Claim against Television and Movie Special Effects Company, Its Principals, and Financial Brokerage Firm

Bounty Gain Enterprises, Inc. v. John Textor, et al. (St. Lucie County [FL] Circuit Court – Case No. 56-2014-CA-002037) and Bounty Gain Enterprises, Inc. v. UBS Financial Services, Inc., (U.S. Dist. Ct. – Southern District of Florida — Case No. 9:14-cv-81603-KAM)

Negotiated favorable resolutions for Hong Kong-based $5,000,000.00 investor in failed multi-media/special effects company. Claims of securities fraud, gross negligence, and conspiracy to defraud were alleged against company’s principals and related professional firms. Claims of professional negligence were separately alleged against brokerage firm and Registered Representative tasked with handling post-investment liquidation of investment.
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