Institutions owe a fiduciary duty to their beneficiaries to make prudent investment decisions and to monitor those investment decisions. This notice alerts institutions that if they have invested in Apple REITs, they have a duty to take all necessary and reasonable steps to protect the interests of their beneficiaries.
Eccleston Law is the leading securities law firm bringing arbitration and litigation actions against David Lerner Associates Inc. and others in connection with Apple REITs. While other law firms recently jumped on the bandwagon by launching “investigations” following news of the recent FINRA disciplinary action (http://www.finra.org/Newsroom/NewsReleases/2011/P123738) against David Lerner Associates Inc., and press coverage such as that found in the New York Times (http://www.nytimes.com/2011/06/03/business/03norris.html), no firm has invested the time, effort and resources like Eccleston Law and co-counsel Andrew Stoltmann during the last several months. For example, the team has interviewed hundreds of investors, examined thousands of pages of documents, actually has pending matters against the David Lerner Associates, Inc., and is representing investors on a contingency fee basis. Both Eccleston Law and Stoltmann Law have nationwide reputations for excellence in securities matters.
Institutions have a duty to inquire as to how they can maximize the protection afforded to their beneficiaries. Contact James Eccleston at 312-332-0000 to determine your responsibilities.
FinancialCounsel.com, hosted by James J. Eccleston, is a companion website to this blog, along with EcclestonLaw.com. It contains complementary material of general interest to investors and financial services professionals. Investors will find material on securities arbitration to recover investment losses; industry and financial markets intelligence; and strategies for estate planning. Professionals have access to material on broker/adviser registration, regulation, compliance and disciplinary proceedings; industry and financial markets intelligence; strategies for estate planning; and broker/adviser employment litigation and injunctions, including defamation and non-competition/solicitation issues. 

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