The Peiffer Rosca Wolf securities practice attorneys recently filed a lawsuit in the United States District Court for the District of New Jersey on behalf of investors who purchased bonds issued by companies controlled and affiliated with Christopher Brogdon. To learn more about this lawsuit or to receive a free, no-obligation evaluation of your legal options, you may contact the Peiffer Rosca Wolf attorneys Alan Rosca or James Booker toll free at 888-998-0520.

SEC Takes Action Against Brogdon

The Securities and Exchange Commission commenced its action against Christopher Brogdon and his related entities in November 2015. The SEC alleged that Brogdon committed fraud in connection with his entities’ bond offerings.  Brogdon is accused by the SEC for using the funds he raised from investors to pay other investors and for also using those funds for his own personal expenses instead of using them for their intended purposes – to purchase, renovate, expand, and/or manage nursing homes or assisted living facilities.

Peiffer Rosca Wolf Attorneys Bring Lawsuit on Behalf of Investors

On August 26, 2016, the Peiffer Rosca Wolf securities attorneys brought claims on behalf of investors against third parties who are alleged to play a major role in the Brogdon bond offerings. The law firm’s goal is to supplement any recover investors may receive from the SEC and its action against Brogdon. Alan Rosca, James Booker, and the other attorneys at the Peiffer Rosca Wolf law firm represent individual and institutional investors who have suffered financial losses as a result of unlawful conduct. They take most of their cases on a contingency fee basis, advance the case expenses, and typically only get paid for their fees and case expenses they advanced if and when they recover money for their clients.

Investors in municipal bond offerings orchestrated by Brogdon and/or his entities, such as Gordon Jensen Healthcare Association, JRT Group Properties, Mobama Nursing, National Assistance Bureau, Saint Simons Healthcare, or Winter Haven Homes may contact attorneys Alan Rosca or James Booker toll-free at 888-998-0520, by email, at arosca@prwlegal.com, or by filling out the contact form on this website, for a free, no-obligation evaluation of their investment recovery options.

Investor update:

Several Brogdon-sponsored bond programs are currently in default.  Brogdon bond programs that are currently outstanding – whether or not in default – include:

  • Liberty County Industrial Authority First Mortgage Revenue Bonds 1992A&B Liberty Manor/Midway (Liberty Bond Offering) – sold on September 30, 1992 in the amount of $4,800,000.
  • Toombs County Development Authority First Mortgage Revenue Bonds 1997 A&B/Summers Landing/Vidalia (Toombs Bond Offering) – sold on May 30, 1997 in the amount of $2,315,000.
  • Development Authority of Bibb County Healthcare Facility Revenue Bonds 2000 Hartley Woods Healthcare Center (Bibb I Bond Offering) – sold on March 16, 2000 in the amount of $4,550,000.
  • City of Sumner Illinois Healthcare Facility Revenue Bonds 2002/Pine Lawn Manor/Red Hills Healthcare Center (City of Sumner Bond Offering) – sold on March 25, 2002 in the amount of $3,080,000.
  • The Medical Clinic Board of the City of Montgomery – 1976 East (Bell Oaks Bond Offering) – sold on June 10, 2010 in the amount of $3,750,000.
  • The Medical Clinic Board City of Hoover First Mortgage Healthcare Facility Revenue Bonds 2010A&B/Riverchase Village (City of Hoover Bond Offering) – sold on June 25, 2010 in the amount of $6,365,000.
  • Bleckley-Cochran Development Authority First Mortgage Healthcare Facility Revenue Bonds 2013ABC/Bleckley-Bryant (Bleckley-Cochran Bond Offering) – sold to investors on April 30, 2013 in the amount of $5,850,000.
  • Crisp-Dooly JT Development Authority First Mortgage Healthcare Facility Revenue Bonds 2013ABC Pine Hill (Crisp-Dooly Bond Offering) – sold on July 17, 2013 in the amount of $6,975,000.
  • The Medical Clinic Board City of Mobile (Second) First Mortgage Healthcare Facility Revenue Bonds 2012 A&B Mobile I/Bama Oaks and Gordon Oaks (Mobile I Bond Offering) – sold on September 28, 2012 in the amount of $11,700,000.
  • The Medical Clinic Board City of Mobile (Second) First Mortgage Healthcare Facility Revenue Bonds 2012 A&B Mobile II/Bama Oaks and Gordon Oaks (Mobile II Bond Offering) – sold on November 29, 2012 in the amount of $5,740,000.
  • The Medical Clinic Board of the City of Mobile (Second) First Mortgage Healthcare Facility Revenue Bonds 2013A&B Mobile III/Knollwood (Mobile III Bond Offering) – sold on September 26, 2013 in the amount of $8,610,000.
  • Thomaston-Upson Co. Industrial Development Authority First Mortgage Healthcare Facility Revenue Bonds 2013A&B/Providence (Thomaston-Upson Bond Offering) – sold on December 12, 2013 in the amount of $8,950,000.
  • Tulsa County Industrial Authority First Mortgage Revenue Bonds 2014A&B/Southern Tulsa (Tulsa County Bond Offering) – sold on March 21, 2014 in the amount of $5,700,000.
  • Certificates of Participation in $2,150,000 Development Authority of Clayton County Georgia First Mortgage Revenue Bonds (Senior Care Group, Inc. – Bayberry Trace Project) Series 1999A (Clayton IV Bond Offering) – sold on August 31, 2011 in the amount of $2,150,000.
  • Series 2013 Certificates of Participation in $1,750,000 Development Authority of Clayton County GA Revenue Bonds (Senior Care Group, Inc. – Bayberry Trace Project Series 1999A) & $1,000,000 Savannah Economic Development Authority Subordinated Mortgage Healthcare Facility Revenue Bonds 1999A&B (Shadowmoss to Shawnee Rose Care Center Exchange) (Clayton V Bond Offering) – sold on April 29, 2013 in the amount of $2,750,000.
  • City of Springfield, Ohio First Mortgage Revenue Bonds 2012A&B/Springfield – Eaglewood (City of Springfield Bond Offering) – sold on April 12, 2012 in the amount of $7,230,000.