Litigation
Apr. 19, 2016
SEC sues litigation marketing company
An SEC complaint accuses a Los Angeles-based litigation marketing company of deceiving retirees and investors about putting nearly $12 million of their money toward class actions aimed at nabbing hefty settlements.
By Saul Sugarman
Daily Journal Staff Writer
A complaint by the Securities and Exchange Commission accuses a Los Angeles-based litigation marketing company of deceiving retirees and investors about putting nearly $12 million of their money toward class actions aimed at nabbing hefty settlements.
But instead of doing that, Prometheus Law executives James Catipay and David Aldrich took more than $5 million of the money for "personal use," according to the SEC.
J...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In