Giambrone announces legal action against Banc de Binary and its affiliates

[AnneW]

OMG!!!!!! That's crazy!!!!!!!!!!!! Ludicrous in the extreme ... why should there be continuous payment if no work is being done during that entire period? I would ask for an itemized billing of all work being done, hours being put in and all actual cost incurred by Giambrone during this period of the class action lawsuit. I hate to say this, but it sounds like it's quite a nifty way for them to make money off all the victims as well .......

I'd say all the victims need to shop around and ask which other reputable law firm is willing to act for the victims in a class action law suit and how much their charges are.

Perhaps also ask Giambrone's how their other class action law suits are progressing. They have instituted 2 other class action law suits against other binary option companies I believe. I need to do a search on this forum to find that article.

I did a bit of a search, and you can see the other class action law suits which Giambrone is undertaking on behalf of those victims at http://www.forexpeacearmy.com/commu...ction-lawsuits-against-several-brokers.44762/

See also http://www.forexpeacearmy.com/commu...s-networs-and-class-action.38891/#post-196671

I also searched for Giambrone in the FPA forum and the results where Giambrone is mentioned in the forum is at http://www.forexpeacearmy.com/community/search/1772406/?q=giambrone&o=relevance&c[node]=30 if you want to check it out.

I know that some of the other victims of BDB are trying to source for other lawyers as they want other options besides Giambrone to act for them. This is being done by 2 separate groups I think. Please ask around with the other BDB victims and see what they are all doing.

 

[jacktheman14]

Hi All,

For those of you who have been scammed by BDB here is a chance to join a group litigation without the need to pay any money upfront which lets be honest is very difficult for most of us since we lost money to these scammers. Please join the group so they can secure the litigation funding they need to try and get us some justice.
All you need to do is read the attached and the update below it.

http://www.giambronelaw.com/site/news-articles-press/news/Giambrone-forex-binary-option-litigation-banc-de-binary

http://www.giambronelaw.com/site/news-articles-press/news/breaking-news-banc-de-binary-is-shutting-down-its-binary-options

Dear All


I have been informed by a colleague in Tel Aviv that it has been confirmed that Banc De Binary’s offices have been closed and there is a “For rent” sign outside them.


There is a street nearby where the Shabat Group of Companies sits and we are, of course, continuing to monitor the situation and assist the UK and Cypriot regulators to arrange an orderly closure of the BdB business to preserve investors’ funds.


I will try to give you an update as frequently as I possibly can but you can imagine that we have been inundated with new enquiries and requests for assistance over the last couple of days since the announcement went live on our website on Monday. Once the situation becomes more stable, we can set up more effective channels of communication between our firm and the BdB Group.


At the moment, we manage claims in excess of £2,2m and we will need to achieve a minimum threshold of £3M (if not more) in order to secure funding by the Litigation Funders. In the meantime, I have instructed Counsel to prepare the legal opinion on merits of a recovery action. It would be in everyone’s interest to help me raise the profile of the proposed Group Litigation Action by sharing our contact details online and with anyone else who may have been involved with BdB or OptionFM.

 

[Gladiator]

To all BDB/Option FM victims:

It would be in everyone’s interest to help me raise the profile of the proposed Group Litigation Action by sharing our contact details online and with anyone else who may have been involved with BDB/OptionFM.

The useful links to share as these:

-http://www.giambronelaw.com/site/ne...forex-binary-option-litigation-banc-de-binary

-http://www.giambronelaw.com/site/ne...de-binary-is-shutting-down-its-binary-options

Contact Details:

Joanna Bailey, Associate (Financial Services Litigation Group) – Please ask for Helena, Brendan or Anne Gadd if unavailable to take the phone call.

Email:Joanna.bailey@giambronelaw.com']Joanna.bailey@giambronelaw.com

Telephone: +44 207 183 9482