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Friday, March 25, 2011

URGENT - PROPOSAL TO ALL SELF-FILERS AND OTHERS EXPECTING COVERAGE IN THE KLS CLASS ACTION LAWSUIT AGAINST THE SEC

To: ALL SELF-FILERS AND OTHERS EXPECTING COVERAGE IN THE KLS CLASS ACTION LAWSUIT AGAINST THE SEC

From: Kachroo Legal Services, P.C. (KLS)

We are currently in the process of amending on behalf of Stanford Investors all self-filed or otherwise filed administrative claims under the U.S. Federal Tort Claims Act. It has come to our attention that many claims do not have required information and statements necessary to formulate a valid administrative claim. It has also come to our attention that the letters of claim filed by many attorneys on behalf of Stanford investors are insufficient to establish a claim under the FTCA, because not all information required in the FTCA forms is provided. All such claims will be deemed invalid with or without any response from the SEC.

IT IS IMPERATIVE that such claims be amended and refiled by KLS as soon as possible.

Kachroo Legal Services will be providing amendment of your claims if you provide the following within the next month:

1. Your last financial statement evidencing investment into Stanford International Bank, or any Stanford entity;

2. Your name and full contact information including email and phone numbers;

3. A witness name and address to your specific investment;

4. Whether you have made any insurance claim for recovery of your claim.

5. If you have invested less than $100,000 USD, legal fees of $500; If you have invested less than $1mill USD, legal fees of $1000;

If you have invested more than $1mill USD, legal fees of $1500.


Please contact us IMMEDIATELY to file your amended claim so that you are included in the class action at wlugo@kachroolegal.com or by calling 617-864-0755.

1 comment:

  1. Does it really come as a surprise to anyone that self-filers who followed the advice of a yoga teacher (Angela Shaw) or a real estate agent (Jaime Escalona) would have their forms rejected by the SEC?

    ReplyDelete