News

D&O Action in Empire Broker-Dealer Case Settled

RCT obtained approval of a settlement on behalf of Deborah Piazza, the chapter 7 trustee of Empire Financial Group, Inc. resolving actions against former directors and officers. Empire was a broker dealer and a former subsidiary of Jesup & LaMont Inc. Both Empire and Jesup had cases pending in the Bankruptcy Court for the Southern District of New York where the settlement was approved.

Prior results do not guarantee a similar outcome