In our last update, we informed Brogdon muni bond investors that on January 15, 2016, the Court approved the requests by Monitor in the SEC action against Christopher Brogdon to appoint certain professionals to advise, assist and support the Monitor in carrying out his duties, and to authorize compensation for those professionals out of the Brogdon assets.
On February 4, 2016, the Monitor wrote to the Court advising that on January 27, 2016, the Monitor received a draft plan prepared by Christopher Brogdon pursuant to the Court’s December 28, 2015 judgement against Mr. Brogdon. It is the Monitor’s obligation to review and comment on the plan before it is submitted to the Court. The Monitor wrote to request an extension of time until the end of February 2016 to review the report, and to meet with Mr. Brogdon and his counsel and request additional information. On February 18, 2016, the Court granted the request. The Monitor now has until March 1, 2016 to review the plan and provide comments to Mr. Brogdon.
Peiffer Wolf Carr & Kane continues to investigate 1) the sources of recent quarterly interest payments made to investors on municipal bonds issued by Brogdon-related entities in light of the cash flow deficiencies alleged in the SEC case; 2) potential violations of the Trust Indentures connected with the Brogdon-related offerings; and 3) additional bond programs that might be affiliated with Brogdon but are not listed in the SEC action or in our blog posts.
We believe that, and are continuing to investigate whether, Brogdon was connected with other offerings that might also be subject to default. If you invested in Brogdon-related programs not listed in our December, 2015 blog post, we are interested in speaking to you to gather more information.
Brogdon Muni Bond Lawsuit: Peiffer Wolf Carr & Kane Lawyers Preparing to Take Action on Behalf of Investors
The Peiffer Wolf Carr & Kane lawyers have been retained by investors in Brogdon Muni Bond offerings and are preparing to take action and seek compensation in connection with any investor losses.
Investors may contact the Peiffer Wolf Carr & Kane attorneys Jason Kane or Joe Peiffer to learn more about this case or provide information helpful for the ongoing investigation at 216-589-9280, via email at firstname.lastname@example.org, or through the contact form on this website.