|
|
Even Rambo Seeks To Recover His Investment Losses
Sylvester Stallone and other high profiles actors and actresses are suing their investment adviser and business manager, Kenneth Starr, for millions in investment losses.
Stallone claims that Starr failed to advise him to diversify out of his 3.9 million shares of Planet Hollywood International. Moreover, the suit alleges that Starr had actual or constructive knowledge of the poor financial condition of the company because he also represented Keith Barish, a member of the company's board of directors and a large shareholder.
Stallone also is suing to recover losses caused by two hedge funds and a company that invested in small public companies.
Source: Investment News, February 25, 2002
|
About Us
|
News
|
Alerts
|
Articles
|
Caveat Emptor
|
SNSFE News
|
Research
|
Calendar
|
Contact
Register
|
Free Opinion
Sponsored by James J. Eccleston, an attorney representing stockbrokers, financial planners and
investors nationwide in arbitration, litigation and regulatory matters, and a shareholder with the law firm
Shaheen, Novoselsky, Staat, Filipowski & Eccleston
P.C.(www.snsfe-law.com). This Web site contains material
of general interest. It is neither intended to, nor constitutes, either legal advice or investment advice.
Always consult an attorney and/or investment advisor when building and protecting your wealth.
All content Copyright © 2005-2007 FinancialCounsel.com, Inc. except where noted. All rights reserved.
20 North Wacker Drive, Suite 2900, Chicago, Illinois 60606
Telephone: 312-621-4400 | Fax: 312-621-0268
|
|
|
|
