News & Results Archive for the ‘Consumer and Class Action’ Category

Ward & Hagen Proudly Supports the United Policyholders Organization as They Help Homeowners with Fire Loss Claims

Sunday, July 17th, 2016

United Policyholders is a non-profit organization whose mission is to be a trustworthy and useful information resource and an effective voice for consumers of all types of insurance in all 50 states.  If you have been affected by disaster, especially a fire loss at your home or property in California, please visit their website for a guide on how to start the claim process.

Ward & Hagen is proud to be a member of the Consumer Attorneys of San Diego, representing clients who are treated unfairly and illegally by their insurance company.  If you have a problem with a loss and/or insurance claim, please contact Peter Ward for a free consultation.

Posted in Consumer and Class Action, Insurance, Real Estate |

Ward & Hagen Sucessfully Resolves Another Financial Fraud Case

Wednesday, July 6th, 2016

In the Central District of California Case No. 2:15-06336 attorneys Chris Hagen and Steven Nuñez obtained a confidential settlement on behalf of financial fraud victims whose losses totaled $4.9 million.

Posted in Banking, Consumer and Class Action, Financial Fraud, Securities |

Judge Allows Class Action Against HSBC USA to Proceed for Allegedly Assisting Ponzi Scheme

Wednesday, July 6th, 2016

Court Denies HSBC USA’s Motion to Dismiss Alleged Ponzi Scheme Case Citing Sufficient Allegations in Complaint Regarding Alleged Knowledge and Substantial Assistance to WCM777 Fraud.  United States District Judge Allows Class Action To Go Forward Against HSBC USA.

Attorneys Julio J. Ramos, Steven M. Nunez and the Ward Hagen, LLP law firm obtained a significant legal victory in a class action against HSBC USA. Allegedly, the defendant maintained a correspondent banking account for HSBC Hong Kong. Correspondent banking is a practice in which the U.S. bank facilitates wire transfers between foreign financial institutions and their customers, even though the U.S. bank does not have a direct relationship with the institution’s customers.

Allegedly, between July and December 2013, thousands of investor victims of the WCM777 fraud, wire transferred over USD $37 million to HSBC Hong Kong after several United States regulators had commenced enforcement proceedings against WCM777 accounts in the United States. Allegedly, as its correspondent bank, HSBC USA processed many of these wire transfers.

Judge Wright’s ruling specifically stated: “Because Rule 9(b) provides that ‘malice, intent, knowledge, and other condition of mind may be averred generally,’ and because Plaintiffs have alleged knowledge of the fraud, the Court finds that Plaintiffs have adequately satisfied Rule 9(b)’s pleading requirements. See, e.g., Neilson, 290 F. Supp. 2d at 1120 (‘courts have found pleadings sufficient if they allege generally that defendants had actual knowledge of a specific primary violation.’) And, as in Gonzales, Plaintiffs averred sufficient facts for the Court to draw a reasonable inference in support of their allegation of aiding and abetting fraud. The Court therefore denies the Motion with respect to this claim.”

Judge Wright also denied HSBC USA’s attempt to strike the class action allegations.

The case is Ramiro Giron v. Hong Kong and Shanghai Bank Company, Ltd., No. 2:15-cv-08869-ODW-JC

Posted in Banking, Consumer and Class Action, Financial Fraud, Securities |

Ward & Hagen Files Two New Financial Class Action Complaints

Sunday, January 24th, 2016

Attorney Steven Nuñez is leading the charge on two new cases; the first involving investors in an alleged pyramid scheme run by Phil Ming Xu and his variety of WCM777 and World Capital Market companies, and the second on behalf of those who invested in the alleged Ponzi Scheme that was Nationwide Automated Systems, Inc. (or NASI).  Both cases are seeking class action status to recover millions of dollars in damages from the institutions that are alleged to have wrongfully taken part in these schemes.  Anyone seeking more information can visit www.nasi-lawsuit.com or by contacting the office via phone or email.

Posted in Banking, Consumer and Class Action, Financial Fraud, Securities |

New Lawsuit Filed Against Perpetrators of a Fraudulent Investment Scheme based in Los Angeles County

Saturday, August 15th, 2015

Attorney Steven Nuñez of Ward & Hagen, LLP has filed a new lawsuit on behalf of twelve investors who lost over $4,500,000.  The defendant, Charter Investments, Inc., is alleged to have sold fictitious certificates of deposit to the investors with promises of good returns.  Instead of placing the investments in FDIC insured accounts, the defendant is alleged to have used a bank to transfer the funds to overseas banking secrecy havens.  Attorney Nuñez has solid record of pursing defendants who commit financial fraud and he and his team will work diligently to see that the investors here recoup as much of the losses as legally possible.

 

Posted in Banking, Consumer and Class Action, Corporate and Commercial, Financial Fraud |

$10 Million Settlement Reached for Ponzi Scheme Victims

Friday, May 30th, 2014

Attorneys Steven M. Nuñez, of Ward & Hagen, LLP, and Julio J. Ramos have secured a $10 million dollar settlement on behalf of victims of the AOB Commerce, Inc., Ponzi Scheme.  If you are victim of AOB Commerce, Inc.,  who was identified by the Receiver in SEC v. AOB Commerce, Inc., et al., Civ. -7-4507, the following are important documents concerning the proposed settlement.

Settlement Agreement

Notice of Class Action Settlement

Preliminary Approval Order

Motion for Final Approval, Attorneys Fees & Incentive Award

Declaration of Steven M Nunez

Declaration of Julio J Ramos

Declaration of Christopher H Hagen

Declaration of Bruce Paul

Objection to Attorneys Fees & Incentive

Reply Regarding Motion For Final Approval

Supplemental Declaration of Julio J. Ramos


Supplemental Declaration of Abel Morales

Additional Declaration of Steven M. Nunez

Additional Declaration of Julio J. Ramos – Time

Additional Declaration of Julio J. Ramos – Costs

Notice of Ruling

Final Order and Judgment

Posted in Consumer and Class Action, Uncategorized |

Peter Ward, Christopher Hagen & Ralph Peters named among the “2013 Top Lawyers in San Diego”

Tuesday, March 5th, 2013

Peter C. Ward, Christopher H. Hagen and Ralph W. Peters were listed among the “2013 Top Lawyers in San Diego” by San Diego Magazine this month.  Founding partner Chris Hagen stated in response: “The success of Ward & Hagen LLP is not solely a result of the work of Peter and I, but it is a reflection of the perseverance and intelligence of our attorneys and staff.  We are proud of the results achieved for our clients in 2012 and look forward to new challenges this coming year.”

http://www.sandiegomagazine.com/San-Diego-Magazine/March-2013/Top-Lawyers-in-San-Diego-2013/

 

Posted in Construction Defects, Consumer and Class Action, Corporate and Commercial, Insurance, Real Estate |

Ward & Hagen recovers over $10 Million for clients in 2012

Tuesday, October 23rd, 2012

Ward & Hagen is pleased to announce that in 2012 its attorneys have recovered over $10 million for their clients.   The firm successfully resolved a variety of construction defect cases involving custom homes, groups of single family homes and high rise condominiums.  Partner Christopher Hagen stated: “We have great attorneys and a strong support staff that allow us to successfully litigate cases of all sizes.  They have been fundamental in obtaining the success we’ve had this year for our clients.”

Posted in Construction Defects, Consumer and Class Action, Corporate and Commercial, Insurance, Real Estate |

Nationwide Class Action Certified Against East West Bancorp

Wednesday, September 12th, 2012

On September 7, 2012 the Los Angeles Superior Court Dept. 323 certified a nationwide class action of over 350 losing investors in the AOB Commerce Inc. investment scheme.

After originally filing a class action complaint against East West Bancorp. for aiding and abetting a ponzi scheme in April 2009, a nationwide class certification motion was granted by the Hon. Elihu M. Berle on September 7, 2012 of the Los Angeles Superior Court.  Plaintiffs are represented by Julio J. Ramos and Steven M. Nunez of the Law Offices of Julio J. Ramos and Ward Hagen LLP respectively. In total $45 million was invested in the scheme that was stopped by the Securities and Exchange Commission in June of 2007. East West is represented by the Quinn Emanuel law firm. A further status conference to set a trial date will take place in the middle of November.  When asked to comment, Mr. Nunez stated ” I believe the Court did the right thing because of the severe financial burdens currently faced by California’s judicial system” “with a single trial, a significant amount of taxpayer resources will be saved”.  A proposed notice to class members will be agreed upon by the respective parties and submitted for Court approval at or before the next case management conference.

Tags:
Posted in Consumer and Class Action |

Successful Defense of Homeowners That Were Sued for Non-disclosure

Saturday, October 1st, 2011

Ward & Hagen’s clients were sued for non-disclosure of construction defects after the sale of their home.  Without admitting any liability and in the interests of settling the case, our client offered $22,500 to the Plaintiff.  The offer was refused and Ward & Hagen successfully moved the case from the courtroom to arbitration.  Before the arbitration could occur, Plaintiff’s counsel filed a succession of appeals.  After finishing the appeals, Ward & Hagen still won the arbitration, our client owed $0 to Plaintiffs, and we received an award of over $325,000 in attorney fees from the Plaintiff.

Tags: , , , ,
Posted in Consumer and Class Action, Real Estate |

Next Page »