The allegations read: Claimants assert the following legal theories: negligence; suitability; negligent misrepresentation and omission, fraud, violation of california securities law, control person liability, breach of fiduciary duty, failure to supervise; conversion; breach of finra rules; breach of contract; loss of investment opportunity and rescission. The statement of claim specifies that the alleged damages are related to investments by each of the claimants in one dpp, each for $100,000. The purchase transactions were made in april 2007 and may 2009. Claimants' allegations are without merit and will be vigorously defended. Claimants were fully apprised of, understood, and approved each transaction.
