Investor may recover some cash, lawyers say

Edwards, John G.
February 2009
Las Vegas Business Press (10712186);2/2/2009, Vol. 26 Issue 5, pP15
The article reports that attorneys of real estate brokers expect to recover over $90 million from insurance companies and stockbrokers who owns Southwest Exchange. Southwest, a financial intermediary from Henderson, Nevada who acted as accommodator for real estate investors and supposedly held $98 million of their investments, folded up in January 2007 due to insolvency. Larry Bertsch, attorney for the plaintiffs, was able to negotiate settlements with third party defendants and recover the full amount for the investors.


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