News & ResultsThe results of our work

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

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

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

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

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 |

Self-help Website Launched for Homeowners with Construction Defects in California

January 6th, 2016

Attorney Jacob Bell of Ward & Hagen, LLP has designed and published www.fixmyhouse.org, a website for homeowners in California to use as they face construction defects.  Owners of homes often are not aware that California law provides a clear path (and requirement) that the builder be given notice and opportunity to make repairs to homes they have built and sold within the past 10 years. Fixmyhouse.org provides homeowners the forms, steps and information they need to start the repair process without having to retain or pay an attorney.

Attorney Bell said: “One of the goals of the California Right-to-Repair law enacted in 2003 was to avoid attorney involvement in those circumstances where it was unnecessary.  While our law firm continues to advocate and fight for homeowners’ rights, we also believe that individuals should be empowered under the law to act on their own behalf when a builder is willing to step up and make the proper repairs.”

The project is ongoing and changing as more responses from all over the state are received.  Questions and comments are welcome and invited via email or phone.

Posted in Construction Defects, Real Estate, Uncategorized |

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

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

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 |

Settlement Reached Involving Construction Defects at Commercial Shopping Center

December 8th, 2013

Ward & Hagen represented the owners of a 170,000 sq ft. commercial shopping center in Riverside County.  Built in 2005, the center was facing potential construction defects related to slab leaks, roof leaks, window and door leaks.  A team of forensic construction experts established evidence of the problems over two years of litigation.  A significant settlement was reached after multiple mediations with over 15 parties, including acceptance of a policy limits demand by the general contractor’s insurance company, allowing the owners to repair and continue leasing their property.

Posted in Construction Defects, Insurance, Real Estate |

Case Settled Against Historic West Hollywood Music Venue

November 15th, 2013

Ward & Hagen represented a musician injured on the property of a historic music venue in West Hollywood.  The man was leaving a show at the venue when he was struck by a speeding car, driven by an intoxicated under age driver, who had also just left the club.  Steven Nunez negotiated a confidential settlement, allowing the client to pay his medical bills and begin his recovery.

Posted in Uncategorized |

Jury Verdict of over $800,000 a Win for Ward & Hagen Client

July 15th, 2013

Attorneys Steven Nunez & Jacob Bell tried a three week case in Orange County, CA in May of this year.  The client suffered a fractured wrist, foot, pelvis, and orbital in a fall from some unsafe and detached stairs while viewing a cabin for sale in Riverside County.  The litigation lasted over three years prior to trial, including Motions for Summary Judgment and a successful Writ to reinstate some key causes of action that were wrongfully removed by the lower Court.  Following the presentation of evidence, the jury returned a verdict in favor of Plaintiffs.

Posted in Uncategorized |

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