A federal judge rejected a 21 million dollar settlement against Securities America. The lead plaintiff’s attorney in the class action lawsuit wanted the deal to go through as he felt it best for the defrauded investors. Hugh Berkson disagreed, believing that Securities America could pay more to victims of their fraud.
Hugh Berkson is a Securities Attorney with McCarthy, Lebit, Crystal & Liffman, Co. LPA. Hugh is rated AV® Preeminent™ by Martindale-Hubbell®.
He obtained a business degree in Finance from the University of Texas at Austin in 1989, and is a 1994 graduate of Case Western Reserve University School of Law, where he was a member of the Order of the Barristers and received both the American Jurisprudence Award, (National Mock Trial) in 1993 and the Jonathan M. Ault Mock Trial Prize for 1993-1994.