January 20, 2021
Citing the current COVID-19 pandemic, a Louisiana federal judge has ordered a two-and-a-half-year postponement for a trial between individual investors and Commonwealth Advisors over securities fraud allegations dating from the Great Recession of 2007–09.
June 18, 2014
A Louisiana federal judge on Wednesday trimmed JPMorgan Clearing Corp.'s counterclaims against Commonwealth Advisors Inc. in a case accusing several firms of involved in stiffing investors in now-bankrupt hedge funds, saying JPMorgan hadn't adequately backed claims that Commonwealth breached good faith by making claims against JPMorgan.
April 18, 2013
A federal judge in Louisiana on Wednesday granted most of Cantor Fitzgerald & Co.'s request to dismiss claims it was involved in stiffing investors in now-bankrupt hedge funds, except an allegation for aiding and abetting a breach of fiduciary duty.