Higgins & Burke Obtains Final Order of Approval of $7,500,000.00 Derivative Action Settlement

Higgins and Burke attorneys John Burke and Jordan Dorrestein have done it again, getting an excellent result for their clients. We are pleased to announce that they have obtained the Illinois Circuit Court for DuPage County’s Final Approval of a settlement valued at over $7,500,000.00 that will stand to benefit over 65 investors. The Court’s order of approval was entered today.

The investors purchased promissory note investments in certain limited liability companies based on the defendants’ representations that they would receive an ownership interest in Illinois, Indiana and Florida real estate owned by those companies.  When the investors did not obtain any payment or any sign of actual ownership interest, the attorneys at Higgins and Burke stepped in and filed an action against every person and business responsible for the promissory notes.

The approved settlement agreement will pay back investors the principal they invested plus 10% interest. Higgins and Burke congratulates attorneys John Burke and Jordan Dorrestein on this outstanding result.

Attorneys at Higgins and Burke represent investors who have been victims of financial fraud or other improper investment practices. If you have been a victim of investment fraud, or are concerned that you are currently being taken advantage by someone who you trust to help you with your investments, you can contact the law firm of Higgins and Burke today for a free consultation. For additional information, you can also visit Higgins and Burke’s Investor Information Center.