Medical Capital Holdings, Inc., et al.
On February 10, 2010, the court-appointed receiver in the Medical Capital fraud case, Thomas Seaman, filed his seventh status report in the matter of Securities and Exchange Commission vs. for Medical Capital Holdings, Inc. et al. that is pending in the U.S. District Court for the Central District of Northern California. As of January 31, 2010, the receivership has collected cash in the amount of $24,023,994.25 and disbursed funds in the amount of $5,602,179.15, leaving funds on hand in the amount of $17,306,596. The receiver plans to continue disposing of assets and raising funds for the benefit of investors; however, with investors owed approximately $1.079 billion, the $17,306,596 currently on hand still leaves investor's about $1.061 billion short.There are additional legal remedies available to Medical Capital investors to recoup their losses, which can be pursued simultaneously with the court-appointed receiver's efforts, including class action lawsuits and arbitration before the Financial Industry Regulatory Authority (FINRA).
The securities law firm of Sonn & Erez PLC currently representing many investors to sue broker dealers and others who solicited investors to purchase Medical Capital Holdings' private securities in the form of notes. If you are a retail or institutional investor and sustained investment losses related to Medical Capital Holdings, contact our securities fraud team. We can evaluate your situation to determine if you have a claim. Call 866-372-8311 for a free consultation. No recovery, No fee charged.
