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.
Soreide Law Group has filed a FINRA arbitration on behalf of our clients (Claimants) against: CENTAURUS FINANCIAL, INC (Respondent). The Claimants reside in Arizona and are retired. The Claimants were seeking stable investments that would provide them with income. The lawsuit states that the Claimants have a long-standing relationship with CENTAURUS FINANCIAL and its Financial Advisor, […]
Soreide Law Group is investigating potential investor claims involving DCM US Multi-Family Homes PLC notes sold or recommended through Andbanc Brokerage LLC. They are also investigating sales or recommendations through Andbanc Advisory LLC. Additionally, they are reviewing sales or recommendations through BCI Securities, Inc., Boreal Capital Securities, LLC (also known as Mora Capital Securities), and […]
Soreide Law Group está investigando posibles reclamaciones de inversionistas relacionadas con los bonos de DCM US Multi-Family Homes PLC vendidos o recomendados a través de Andbanc Brokerage LLC, Andbanc Advisory LLC, BCI Securities, Inc., Boreal Capital Securities, LLC (también conocida como Mora Capital Securities). Por otro lado, Mora WM Securities, LLC también estuvo involucrada. Si […]
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