Larry Kellogg & Jeff Schneider on Latest Class Actions
Larry Kellogg is featured in The Daily Business Review where he discusses taking on a class action suit over a $528 million scheme after the SEC alleged Raymond J. Pirrello Jr. and others perpetrated the scam through multiple New Jersey- or New York-based companies. “This is a securities fraud with a couple of levels of potential loss. It’s a situation where these characters, the primary one who had been barred from the securities industry and remains silent, would market the ability to purchase shares in companies that may go public at some point, and if they go public, then the value of those shares go way up,” Larry said. Additionally, Jeff Schneider explores the SEC’s complaint filed against Florida real estate developer Rishi Kapoor, which has also led to class action activity. Read more.