Cook County Record

Friday, September 20, 2019

Investors dismiss lawsuit alleging Goldstone Financial Group sold unregistered securities

Lawsuits

By Bree Gonzales | Nov 20, 2018


Editor's note: This lawsuit has been updated and revised from an earlier version to reflect the dismissal of the case.

CHICAGO – Five investors have withdrawn their lawsuit against Goldstone Financial Group LLC, in which they alleged they had been misled into investing a portion of their retirement savings into unregistered securities and sustained a loss.

On May 23, Cook County Circuit Judge Eve M. Reilly entered an order dismissing the claims brought by plaintiffs Eugene Simmons, Alexandra Eiva, Carol Harms, Rosemary Maziarz IRA and Randall M. Thompson IRA against Goldstone Financial Group LLC, Anthony Pellegrino and Michael Pellegrino.

According to the order, the plaintiffs requested to voluntarily dismiss the court action under an agreement reached among the parties. Each side would pay its own attorney fees and costs.

The plaintiffs had filed a complaint on their behalf and on behalf of all others similarly situated on Nov. 8, 2018, in Cook County Circuit Court alleging violation of Illinois Securities Law of 1953, negligence and other counts.

According to the complaint, the defendants promoted, marketed and sold unlawful and unregistered securities offered by 1 Global Capital LLC. The plaintiffs allege that they invested in 1 Global securities directly through Goldstone and lost most or all of the value of their investments. 

The plaintiffs are represented by James B. Zouras of Stephan Zouras LLP of Chicago and others.

Defendants are represented by the firm of Faegre Baker Daniels, of Chicago.

Cook County Circuit Court case number 2018CH13978 

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Organizations in this Story

Circuit Court of Cook County Faegre Baker Daniels LLP Stephan Zouras LLP

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