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Case Results

Millions of Dollars Recovered for Investors

Diane Nygaard has helped thousands of investors recover millions of dollars.  Her clients have included many trusts, IRAs, not for profits, educational institutions, universities, charities, as well as many individual investors.   She has recovered money that was lost due to churned accounts, stolen funds, misrepresented stocks, Ponzi schemes, pump and dump schemes (including many cases settled with the “Wolf of Wall Street” and other similar brokerage firms), annuities, Puerto Rico bonds, municipal bonds that have defaulted, private placements, alternative investments, partnerships, limited partnerships and unsuitable securities sold to retired people.

DERIVATIVE KINDER MORGAN SHAREHOLDERS LITIGATION

Posted: January 27, 2016

Diane A. Nygaard was co-counsel in this shareholder derivative case that resulted in a $200 million class action settlement on behalf of former stockholders of Kinder Morgan, Inc. (KMI). In Re Kinder Morgan. Inc. Shareholders Litigation, Consol. Case No. 06 C 801, District Court of Shawnee County, Kansas. A buyout group lead by KMI’s largest stockholder and Chairman, Richard Kinder, […]

COX V AMERIPRISE

In Cox v Ameriprise, case no. 12-02507, a FINRA arbitration panel ordered Ameriprise and Mitchell Black, its registered representative, to repurchase $650,000 of REITs it had sold Mr. Cox for “retirement income” and pay him all his money back. The panel also found that Ameriprise and Mitchell Black were jointly liable to re-pay Claimant $111,824.00, which was the amount of the commissions they had received from selling him the REITs and other illiquid investments, including Riversource variable universal life insurance and Riversource annuities. The panel also ordered Ameriprise and Mitchell Black to repay Mr. Cox all planning fees that they had charged him. Finally, the FINRA arbitration panel ordered Ameriprise and Mitchell Black to compensate Mr. Cox for the expert witness who testified on his behalf and for other arbitration costs.

NYGAARD PREVAILS AGAINST AMERIPRISE AND RECOVERS $776,000 FOR CLIENT

Posted: January 27, 2016

In October, 2013, Mrs. Nygaard prevailed against Ameriprise for a retired businessman. The Panel required Ameriprise to buy back all the REITs the Ameriprise broker sold the investor for their purchase price of $650,000, and ordered Ameriprise to repay him an additional $126,000 for the fees, commissions, and payments made to Ameriprise for “financial plans”, and the expenses of the […]

WINNING ARBITRATION AGAINST OPPENHEIMER

Posted: January 27, 2016

In August, 2011, Diane Nygaard arbitrated and won a case against Oppenheimer Securities for an investor who had a realized loss of $187,000 on speculative securities that his Oppenheimer broker sold to him as “safe and liquid” investments. The panel awarded the investor the amount of his losses, attorneys’ fees, expert witness fees, and interest from February 2008 to the […]