Colony Capital LLC, whose chairman and founder, 63-year-old billionaire,Thomas J. Barrack, Jr., began Colony Investors VIII, LP, in 2007, a $4 billion fund which lost over 60% in the first quarter. Barrack and other private-equity managers, spent over $1.6 trillion in buyouts between 2005 to 2007. Many believe this led to the worst financial crisis in over 70 years.
Colony Investments VIII, LP, manages billions of dollars in several funds. The majority of the losses were due to failed real estate developments. One of the biggest failures was the $8.5 billion buyout in 2007 of Station Casinos Inc. Station was the largest U.S. gaming company to go bankrupt. In 2006, Colony acquired the $2 billion Meadowlands Xanadu, a retail and entertainment complex in New Jersey. Xanadu now sits empty and unfinished after one of its lenders, Lehman Brothers Holdings Inc., went bankrupt during construction.
If your broker/financial advisor recommended these highly speculative and risky investments that may have not been suitable for your portfolio, you may have a claim for damages. Please contact our securities attorneys to discuss your rights at: (888) 760-6552.
TORY A DUGGINS was barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm. The last firm Duggins was registered with was SPARTAN CAPITAL SECURITIES, LLC, of New York, New York from 02/29/2016 - 01/31/2024. According to the FINRA report dated 1/21/2026, TORY A DUGGINS was named a respondent in […]
Investors might have sustained financial harm through WestPark Capital Inc. [CRD: 39914, Los Angeles, California], according to publicly available information found on Financial Industry Regulatory Authority BrokerCheck. WestPark Capital has been registered with FINRA since 1996 and maintains its headquarters in Los Angeles, California. Keep reading to discover more about the regulatory action involving the […]
Investors might have sustained losses due to securities broker James Fredrick Tighe [CRD: 3129233, Phoenix, Arizona], and Financial Industry Regulatory Authority barred him, based on public information on BrokerCheck. Tighe was associated with Morgan Stanley from June 1, 2009, through January 14, 2025. Continue reading to find out more about Tighe’s regulatory and client dispute […]
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