Meyer Wilson Selected Again to “Best Law Firms” List

Meyer Wilson is pleased to announce that our firm has been recognized in the 2022 edition of U.S. News – Best Lawyers “Best Law Firms.”

Our firm earned a Metropolitan Tier 1 ranking in both of our core practice areas:

U.S. News ­­– Best Lawyers is a highly respected industry publication that annually ranks the nation’s most accomplished lawyers and law firms.

With both of our Partners being named to this year’s edition of The Best Lawyers in America® – and earning its coveted “Lawyer of the Year” award – our firm was eligible for inclusion in the annual “Best Law Firms” list. Following its proprietary selection process, Best Lawyers once again awarded our firm the highest Metro Tier 1 ranking.

Read more about our selection to the 2022 “Best Law Firms” list here.

Meyer Wilson Attorney Courtney Werning to Speak at Nationwide Gathering of Litigators

Courtney Werning, attorney in the Meyer Wilson investor claims practice group, is looking forward to presenting to the world’s largest plaintiff trial lawyer gathering this week. The conference, Mass Torts Made Perfect, which celebrates its 21st anniversary this year, is a bi-annual conference held in Las Vegas. Attracting more than 1,800 participates, the program provides updates and information on the latest case trends, hot topics, and strategies for mass torts, class actions, business litigation, and personal injury.

Courtney joins Michael Bixby (Levin Papantonio Rafferty) on a panel to discuss the investment schemes she sees across the country that result in billions of dollars of losses to individual investors and retirees. She will share her insight on how to reach investor victims, recent investment product failures, and how to effectively handle large group cases in FINRA and AAA arbitration.

Meyer Wilson is a national law firm devoted to investor claims, class actions, and mass torts. Courtney has represented individuals from all over the country in claims against the securities industry, and her law firm has recovered more than $350,000,000 for its clients.

David Meyer Co-Author’s PIABA Report Calling for Congress to Act on Unpaid FINRA Awards

David P. Meyer, Meyer Wilson Founding Principal and President of the PIABA (Public Investors Advocate Bar Association) has co-authored a new report about the FINRA’s long-standing problem with unpaid arbitration awards.

The new report – FINRA Arbitration’s Persistent Unpaid Award Problem – is the third PIABA release to detail the scope of unpaid FINRA awards, which currently hovers around 24% of all dollars awarded to investors and which rose to nearly 30% in 2020.

It also discusses how the securities industry has continually failed to implement needed safeguards that protect investors and why it is time for legislators to step in and pass meaningful protections in the form of a national investor recovery pool.

“Many investors do not discover the misconduct in their investment accounts until there is a market correction. For these investors, most of whom rely on their own savings – often in a retirement plan - rather than a pension to fund their retirements, a meaningful market downturn will likely reveal unprecedented harm to America’s retirees and those on the verge of retirement. 

Since the industry has shown no interest in taking steps to ensure it maintains the same sort of financial responsibility it preaches to its customers, it is time for regulators and legislators to mandate seat belts, in the form of a national investor recovery pool.”

Read the full PIABA report here.

David P. Meyer Co-Authors PIABA Study on FINRA Expungement Process

David P. Meyer has been hard at work as President of the Public Investors Advocate Bar Association (PIABA), co-authoring a new report on the FINRA expungement arbitration process.

According to the 2021 Updated Study on FINRA Expungements, FINRA arbitrators grant expungement requests in 90% of cases, often because the current system doesn’t provide opportunities for wronged investors or regulators to participate in any meaningful way.

As Mr. Meyer noted during a press conference for the new study, meaningful changes are needed to ensure that investors can trust FINRA and its online BrokerCheck tool:

“With so many brokers’ records being erased through unopposed expungements, how can BrokerCheck be relied upon today by investors to make informed decisions about whom they trust to manage their life savings?” 

The joint report is intended to assist SEC Commissioners as they consider FINRA’s proposed rule changes. As stated in the report, PIABA opposes the proposed rule changes because they fall short of fixing the underlying problems in the expungement process.

Learn more on this press release.

With decades of experience, our firm has the experience, resources, and tenacity needed to tackle even the largest cases nationwide. Contact us today for a free case evaluation.

Meyer Wilson Sues Porsche for Malfunctioning Infotainment System

On January 29, 2020, Meyer Wilson and its co-counsel filed a class action lawsuit against Porsche in the federal district court in Atlanta.

The lawsuit seeks financial compensation on behalf of Porsche owners whose on-board PCM “infotainment” systems malfunctioned after receiving a software update that was allegedly related to Sirius XM radio.

All Porsche models from 2010 and onward that were equipped with a satellite radio appear to have been affected, including best-sellers like the Panamera, Macan, and Cayenne.

As a result of the update, Meyer Wilson alleges that the PCM entered a near-constant reboot cycle that damaged the PCM’s hard drive, rendered it effectively inoperable, and drained the vehicle’s battery. Many Porsche owners had to pay thousands of dollars out of their own pockets to replace their PCM.

The lawyers at Meyer Wilson seek to hold Porsche accountable to the Porsche owners who were harmed. If your Porsche PCM malfunctioned after receiving a Sirius XM software update, please contact us for a free consultation.

With decades of experience, our firm has the experience, resources, and tenacity needed to tackle even the largest cases nationwide. Contact us today for a free case evaluation.

David P. Meyer Begins PIABA Presidency with Call to Oppose SEC “Finder” Rule, Improve BrokerCheck

After being installed as President of the Public Investors Advocate Bar Association (PIABA) last month, Attorney David P. Meyer has not delayed in advancing an agenda to protect public investors.

As reported by Financial Advisor magazine, Mr. Meyer has already met with SEC regulators and FINRA officials and is promoting efforts to improve FINRA’s BrokerCheck tool by including data on firm-wide enforcement actions. BrokerCheck, on online database which allows investors to vet potential broker-advisors, currently only allows investors to access enforcement records for individual advisors.

“I want investors to be able to access a firm’s records so they can see a firm’s culture and enforcement cases. Does a firm or its brokers have 10 complaints, enforcements or enforcement or arbitration cases? The more information an investor has, the better they’ll be able to evaluate and make decisions about who to entrust with their life savings.”

In addition to improving BrokerCheck, Mr. Meyer has made it a priority to oppose a proposed rule from the SEC to allow unregistered “finders” to solicit broker-dealer and advisor clients for private placements.

As Mr. Meyer told Financial Advisor:

“The SEC wants to let these unregistered finders contact investors on behalf of private placement issuers, meet with them face-to-face and earn commissions, without having to register as broker-dealers. So there is no record-keeping, no inspections or exams, no compliance.”

Attorney David P. Meyer’s work as the new PIABA president is profiled in a feature article from Financial Advisor magazine. Read the full article here.

With decades of experience, our firm has the experience, resources, and tenacity needed to tackle even the largest cases nationwide. Contact us today for a free case evaluation.

David Meyer Featured on Preferred Capital Funding’s Podcast The Result

Attorney David P. Meyer was recently featured on an episode of Preferred Capital Funding’s podcast The Result to discuss a series of investment loss cases against a Columbus, OH broker-advisor, a successful $900,000+ settlement secured for one client, and how Meyer Wilson handles the unique elements of securities arbitration.

As Mr. Meyer explains, the case involved many traits commonly seen in investment fraud cases:

Listen to The Result podcast featuring Dave Meyer here.

With decades of experience, our firm has the experience, resources, and tenacity needed to tackle even the largest cases nationwide. Contact us today for a free case evaluation.

Meyer Wilson Partners Named to 2021 Best Lawyers, David Meyer Named Lawyer of The Year

Best Lawyers logo

Meyer Wilson is pleased to announce that Partners David Meyer and Matt Wilson have been named to the 27th edition of The Best Lawyers in America®. Attorney David Meyer was also recognized as a Best Lawyers’ “Lawyer of the Year” – the publication’s highest distinction.

Selection to Best Lawyers is regarded among the legal industry’s most prestigious honors. With a selection process based entirely on peer review, recognized attorneys are viewed as leaders in their fields, and have garnered widespread respect and esteem from their peers.

Read more about our attorneys’ Best Lawyers selection here.

With decades of experience, our firm has the experience, resources, and tenacity needed to tackle even the largest cases nationwide. Contact us today for a free case evaluation.

Meyer Wilson Files Lawsuit in Deloitte Data Breach

Personal Information of Thousands of Individuals Have Been Exposed

On May 27, 2020, Meyer Wilson attorneys, along with their co-counsel, filed a lawsuit in federal court in New York against Deloitte Consulting in connection with their negligent exposure of the personal data of thousands of individuals in Ohio and across the country.

Ohio, along with other states, hired Deloitte Consulting to build and run a web portal to handle the emergency unemployment claims generated by the COVID-19 crisis under the federal Pandemic Unemployment Assistance program. As part of the application process, claimants had to provide personal information—name, address, social security number, and banking information—to state officials via the Deloitte-managed web portals.

The Deloitte portal went live on May 11, 2020. Only four days later, citizens discovered that a spreadsheet containing personal information was publicly accessible to anyone accessing the Deloitte web portal. This means that the sensitive information on thousands of vulnerable citizens was accessible to hackers, identity thieves, and other criminals. On May 20, 2020, Deloitte acknowledged the breach, but has not taken responsibility for its negligence and the harm inflicted on consumers.

The lawyers at Meyer Wilson, along with their co-counsel, seek to hold Deloitte accountable to the customers who were harmed. If you are an individual who used a Deloitte web portal to apply for unemployment benefits and suffered identity theft or other harms, please contact us for a free consultation.

With decades of experience, our firm has the experience, resources, and tenacity needed to tackle even the largest cases nationwide. Contact us today for a free case evaluation.

Meyer Wilson Files First Lawsuit in Federal Court Against Robinhood

The Crash of Robinhood.com’s Website Causes Losses for Investors

On March 3, 2020, Meyer Wilson attorneys, along with their co-counsel, filed the first lawsuit in the Northern District of California against Robinhood.com, a “commission-free” online trading platform.

On March 2 and 3, the Robinhood.com platform was offline for an entire day and most of the second day, preventing investors from making trades of any kind during the outages. Worse yet, these were not ordinary trading days, but some of the most volatile in market history. As a result, investors were not able to position themselves to respond to rapidly changing market conditions, resulting in substantial losses for investors. The class action lawsuit asserts, among other claims, that Robinhood failed to disclose that its trading platform was inadequately built and maintained to handle consumer demand and that Robinhood failed to provide services when the outage occurred due to a lack of infrastructure and alternate means for customers to place timely trades.

Robinhood.com chalked up the problem to “stress” on its infrastructure. But Robinhood.com was fined $1.25 million in December 2019 by the Financial Industry Regulatory Authority (“FINRA”) for failing to execute customer orders on its platform. In other words, Robinhood already knew, prior to March of this year, that it had a problem with its systems, but failed to fix it. Robinhood has also admitted that it must invest more funds in its infrastructure; it was reported in the press on May 5 that it would use ”some” of the money just raised in a $280 million funding round to invest in its platform. Of course, that’s too little, too late for the investors already harmed by the March outages.

The lawyers at Meyer Wilson, along with their co-counsel, seek to hold Robinhood accountable to the customers who were harmed. If you are a Robinhood customer and suffered losses because of Robinhood’s failure to maintain working systems for making trades, please contact us for a free consultation.

With decades of experience, our firm has the experience, resources, and tenacity needed to tackle even the largest cases nationwide. Contact us today for a free case evaluation.