Stockholders v Cullum & Burks Securities, Inc. : Ameriprise Financial Inc. : Medical Provider Financial Corp. III,
Stockholders File Lawsuit Against Cullum & Burks Securities, Inc. : Ameriprise Financial Inc. : Medical Provider Financial Corp. III, Medical Provider
According to a press release dated September 23, 2009, the lawsuit asserts claims under Sections 12(a)(1), 12(a)(2) and 15 of the Securities Act of 1933. The Complaint alleges that the Medical Capital Notes should have been registered with the SEC, but were not, and that the private placement memoranda for the Medical Capital Note offerings misrepresented and omitted material facts related to terms of the offerings, the use of the investors funds, the track record of various Medical Capital entities, the backgrounds and qualifications of the executives responsible for running the companies, and the overall risks of an investment in the Medical Capital Notes. According to the Complaint, the defendants violated federal securities laws by offering and selling the unregistered Medical Capital Notes pursuant to materially false and misleading prospectuses.
If you bought Cullum & Burks Securities, Inc. : Ameriprise Financial Inc. : Medical Provider Financial Corp. III, securities and would like to obtain information about the Cullum & Burks Securities, Inc. : Ameriprise Financial Inc. : Medical Provider Financial Corp. III, lawsuit, then you are invited to call Kahn Swick & Foti, LLC toll free at (866) 467-1400 extension 100 to speak with an attorney or visit www.ksfcounsel.com.
