Since 1999 our law firm has recovered more than $350,000,000 for victims of investment fraud and misconduct.
Jury Verdict Won Against Prudential Securities $262 Million
Recovered for 100-Year Old Widow $30 Million
Recovered in Retirement Losses $10 Million
Recovered for a Large Group of Individual Investors $6.5 Million
Recovered for Elderly Victim in Ponzi Scheme Case $3.8 Million
Recovered for Elderly Ponzi Scheme Victim $3.2 Million
Recovered for More Than 50 Families of Ponzi Scheme in California $3.2 Million
Recovered for 35 Families in Northeast Ohio $3.1 Million
Losses Recovered for 20 Retirees $3 Million
Recovered for Retired Physician Against Major Wall Street Firm Prior to Filing FINRA Arbitration $2.5 Million
Michigan Financial Advisor Negligence Lawyer
Financial advisors in Michigan have a legal duty – under state and federal law – to look out for the best interests of clients. This duty of care comes with smaller tasks a prudent advisor must complete, such as supervising a client’s investments and making suitable recommendations. If an advisor negligently breaches any duties of care to a client, resulting in economic injury, the advisor could be liable for damages.
The attorneys at Meyer Wilson have received numerous awards for their work on national investment fraud claims. We have what it takes to help you through a financial advisor negligence lawsuit in Michigan. Find out how we can help today during a free consultation. Contact us today.
Why Choose Us for Michigan Financial Advisor Negligence Claims?
- Our goal is to return any correspondence within 12 hours. We believe in responding promptly to all client requests for information.
- Our lawyers can bring the knowledge of more than 20 years in the practice area to your case against a negligent financial advisor.
- Our law firm has the resources you need for the strongest possible negligence claim, including relationships with securities regulators and expert witnesses.
- Our legal services come at absolutely no financial risk to you. We operate on a contingency fee basis, with $0 down and no fees unless we win.
When to Speak to an Attorney
Financial advisor negligence is a significant issue that could lead to substantial (and preventable) financial losses on your part. You do not have to accept these losses without a fight. If you suspect a financial advisor has been guilty of negligence, and this is why you recently lost money on a bad investment or trade, retain an attorney for assistance. A lawyer from Meyer Wilson can immediately protect your rights.
Four Elements of Proof for a Negligence Claim
A claim against a financial advisor based on negligence is not the same as one that alleges fraud. In a negligence claim, the burden of proof requires proof only that the advisor breached a duty of care – not necessarily that the breach was intentional. It is unnecessary to prove intent to have a successful negligence claim against a financial advisor in Michigan.
- Duty of care. An advisor-client relationship must have existed at the time of the alleged negligence, bringing with it certain duties of care for the advisor. These duties are often referred to as fiduciary in investment law.
- Breach of duty. The advisor must have negligently or carelessly breached a duty of care he or she owed the client. A breach of duty could be any type of accidental mistake or misconduct.
- Causation. The advisor’s breach of duty of care must be the proximate, or main, cause of the client’s economic losses. The client’s lawyer must be able to prove the damages in question would not have happened were it not for the financial advisor’s negligence.
- Damages. The plaintiff’s attorney must demonstrate proof of damages, or losses, on the client’s part. Proof may come in the form of account statements, letters from the financial advisor, testimony from friends and family, and expert witnesses.
A lawyer from Meyer Wilson can take years of experience and put it toward proving your claim before a judge or jury in Michigan. Our attorneys understand the burden of proof in financial advisor negligence claims, as well as what it takes to obtain top compensation for these claims.
Find Out if You Have a Negligence Claim Today
You may have lost thousands of dollars because of a financial advisor’s negligence or misconduct. If this is the case, you may be eligible to recover these losses from the at-fault party. Meyer Wilson has attorneys who can go up against large and powerful financial firms in Michigan on your behalf in pursuit of fair recovery. Find out if you have a case today during a free evaluation at our local law office. Call (800) 738-1960 to speak to a lawyer today.
More than $350,000,000 Recovered
Voted Best Lawyers in America® for Ten Years Running
David Meyer is President of Public Investors Advocate Bar Association (PIABA)
Over a Thousand Investor Claim Cases Since 1999
Exclusive Focus on Investor Claims & Class/Mass Action Lawsuits
Deep Bench of Skilled Attorneys and Staff Members
Meyer Wilson has represented over 1,000 individual investors in high-stakes claims across the country, and has recovered over $350 million on their behalves. See what former clients have to say about our team.