Claimant Was Unsuitably Recommended the IHC Eatonton DST

The law firm Shepherd Smith Edwards and Kantas has filed a FINRA arbitration claim against Emerson Equity on behalf of a California investor seeking up to $5 million in damages for losses related to Inspired Healthcare Capital. The lawsuit alleges that the broker unsuitably overconcentrated the investor’s account in a highly illiquid Delaware Statutory Trust (DST) that later filed for Chapter 11 bankruptcy.

A Half Moon Bay, CA investor is suing brokerage firm Emerson Equity, control person Dominic Julio Baldini, and broker Patrick Wang Lam for up to $5M in damages, including punitive damages. Shepherd Smith Edwards and Kantas Inspired Healthcare Capital Recovery Attorneys (investorlawyers.com) filed this claim for their Client in FINRA arbitration.

Our IHC Recovery Loss Lawyers Are Representing Many Investors Against This Firm and Other Broker-Dealers

Following the Chapter 11 bankruptcy of Inspired Healthcare Capital, a federal court has ordered lead broker-dealer Emerson Equity to turn over sales documents as investigators look into the marketing of $1.2 billion in private placements to retail investors. The law firm Shepherd Smith Edwards and Kantas is currently representing affected investors, alleging that these complex investments were unsuitable for retirees and carried undisclosed fees as high as 12.5%.

One month after assisted living developer Inspired Healthcare Capital (IHC) filed for Chapter 11 bankruptcy protection while listing $1B to $10B in debt, a federal bankruptcy court is ordering Emerson Equity to turn over documents involving its selling of IHC Funds and Delaware Statutory Trusts (DSTs). Emerson Equity is the managing broker-dealer and sole underwriter for Inspired Healthcare Capital. According to a court filing, the firm helped the alternative asset company with “equity fundraising activities through the marketing and sale of certain securities” and was “substantially involved” with operations.

Inspired Healthcare Capital (IHC) has filed for Chapter 11 bankruptcy, leaving many private equity funds and Delaware Statutory Trust (DST) investors facing significant financial losses. The law firm Shepherd Smith Edwards and Kantas is actively filing arbitration claims against brokerage firms, such as Emerson Equity, for allegedly making unsuitable recommendations and failing to disclose the high risks and fees associated with these alternative investments.

Shepherd Smith Edwards and Kantas Represents IHC Investors Against Broker-Dealers

Earlier this month, senior living private equity firm Inspired Healthcare Capital (IHC) filed for Chapter 11 bankruptcy protection. The news left many IHC Fund and Delaware Statutory Trust (DST) investors in the lurch and scrambling to recover their money.