Banks Law Office, PC
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WHO WE REPRESENT AND HOW WE SUCCEED



Banks Law Office has represented over 750 clients in its 30 year history of focusing on investment and securities law. The number of cases representing investor claimants in which our clients did not receive a monetary award or settlement since 2003: zero.

Four of our cases have been appealed up to the Ninth Circuit Court of Appeals. We prevailed in that court all four times.

The amount of settlements, verdicts and awards received for our clients from 2010 to 2012 equalled $8.5 million. In the last ten years, eight individual verdicts and arbitration awards exceeded $1 million each.

We are a small, focused firm and we choose only cases that we believe we can win!

Please note that every case is unique, and past successes can never guarantee future outcomes.

Clients We Have Represented:

Physicians, professors, pension funds, NBA basketball star, judges, attorneys, teachers, pipeline workers, financial advisors, broker-dealers, government agencies, retirement funds, developers, family trusts, North American Securities Administrators Association ("NASAA"), Financial Industry Regulatory Authority ("FINRA"), Public Investors Arbitration Bar Association ("PIABA"), and investor groups numbering from two to 50.

Some Entities We Have Sued:

Merrill Lynch, Morgan Stanley, UBS, Wells Fargo, Raymond James, Charles Schwab, KMS, SII Investments, Sentra Securities, hedge funds, Schwabe Williamson & Wyatt, Holland & Knight, Seward & Kissell, and smaller law firms. We've prevailed against some of the largest law firms in the world.

A Few of our Favorite Victories:

Family Estate and Its Real Estate Investments

When they came to us, our clients were being represented by a large Washington law firm. They had just lost their case in federal district court and a judgment was entered against them for $7 million. We were hired to repair the damage. We filed an appeal in the Ninth Circuit, argued the case, and prevailed.

Ninth Circuit Court of Appeals

We won a reversal of the trial court's decision, which was the first time that this federal judge had ever been reversed in a civil case. The Ninth Circuit granted our clients the right to a new trial. We then tried the case to a jury in federal court in Seattle. We won our client a complete victory. The jury decided that our clients had done nothing wrong, and ordered the plaintiff to reimburse our clients for all of their costs.

Moak

We represented a sophisticated, high net worth individual who had a lifelong history of making high risk investments. However, when he was in his 70s and battling cancer, he hired a financial advisory firm to manage an investment portfolio. The portfolio lost more than $3 million on their watch. The case was challenging because of our client's sophistication and investment history, but a three attorney arbitration panel decided after a full evidentiary hearing that the investment advisors bore full responsibility for the losses. They awarded our client more than $3 million.

Koruga

Our clients were a group of investors who had lost more than $1 million to a boiler room brokerage firm on Long Island in New York. The brokerage firm was about to go out of business when we accepted the case, so we had to find another avenue for recovery. We sued the clearing broker, Fiserv, contending that the clearing firm should have known that the boiler room firm was a criminal operation. In a truly landmark arbitration award of 29 pages, the FINRA arbitrators agreed with us and awarded our clients all of their losses, interest and attorney fees. The case was reported on page 1 of the Sunday New York Times Business Section and many other publications. The case was appealed twice and we won both appeals. See Koruga v. Fiserv Correspondent Services, Inc., 183 F. Supp.2d 1245 (D.Or. 2001), 2002 U.S. App. LEXIS 6439 (9th Cir. 2002). Our case changed the landscape on clearing broker liability in the United States.

Wood River Partners

Wood River was a fraudulent hedge fund that was responsible for investor losses of more than $200 million suffered by individual investors and institutions around the country. We represented a single investor who had lost $2 million. The hedge fund and its president were insolvent, and we had to find another way for our client to recover his losses. Our client sued the New York law firm that had prepared the registration documents for the hedge fund, first in Idaho state court, and later in federal district court in New York City. When the New York firm moved to dismiss our case in federal court, the court issued a landmark decision in our favor.

Houston v. Seward & Kissel, LLP, 2008 U.S. Dist. LEXIS 23914 (March 27, 2008). The case was reported on Page 1 of the New York Law Journal. After that decision, our client settled and recovered a greater percentage of his losses than any investor anywhere.

Bean v. Schwabe Williamson & Wyatt

We represented a real estate developer in a legal malpractice case against an excellent, well- respected regional law firm. Our client had lost millions after investments that he had sold and managed failed during the real estate downturn in 2008. The law firm had prepared the investment documents, and based on mistakes in the drafting of the documents, our client was sued by the lender and his investors. We vindicated our client. After a two week jury trial, he was awarded a multi-million judgment, and we successfully defended the appeal of the verdict.

No investor should rely on this communication to fully inform them of their rights on a complex legal matter. Your claims and defenses will depend on individual circumstances. This document provides background on legal controversies to those investors without legal counsel.

For over thirty years, the Banks Law Office PC has developed a focused practice in financial litigation, winning awards and settlements in the tens of millions of dollars against major Wall Street firms, small brokerages, investment advisors, financial planners, and others. Our clients have included judges, NBA basketball players, construction workers, credit unions, retirement plans, securities regulatory agencies, and large investor groups. We have a single mission for every client: getting their money back. Contact the Banks Law Office now for a free confidential evaluation at 800.647.8130.

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