February 13, 2018 Comments (0) Blog, Current Investigations

Zohar Funds – Securities Investigation

Zohar Funds

Investigating Potential Claims involving Zohar Funds

The White Law Group is investigating potential claims involving the liability that broker dealers may have for unsuitably recommending Zohar Funds to investors.

According to Reuters, the Zohar Funds were designed as collateralized loan obligations that bundled loans to troubled companies into securities, and had raised about $2.5 billion from investors.

New York financier Lynn Tilton who was recently the subject of a reality TV show called “The Diva of Distressed,” once reportedly ran the Zohar funds through her investment firm Patriarch Partners but gave up control in 2016 to the fund’s current manager, Alvarez & Marsal.

According to reports, Tilton won a dismissal in September 2017 on charges brought by the U.S. Securities & Exchange Commission that she allegedly bilked investors of $200 million. Later in the year, she was reportedly cleared again of wrongdoing involving racketeering charges brought from the funds themselves.

Specifically, The White Law Group is investigating the following Zohar Funds:

Zohar CDO 2003-1 Limited

Zohar II 2005-1 Limited

Zohar III Limited

Zohar CDO 2003-1

Zohar II 2005-1 Corp.

Zohar III Corp.

Broker dealers are required by law to perform adequate due diligence on all investment recommendations. They must ensure that each investment is suitable for the investor in light of the investor’s age, risk tolerance, net worth, financial needs, and investment experience.

If a broker makes an unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses. It may be possible to recover your losses through FINRA Arbitration.

The Financial Industry Regulatory Authority (FINRA) operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.

Free Consultation

Are you concerned about your investment in Zohar Funds? If so, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please contact The White Law Group at 1-888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. For more information on the firm, visit www.WhiteSecuritiesLaw.com.