I just receive this email from Joanna Bailey from Giambrone. Contact her if you want to join their class action/group litigation action against Banc De Binary Ltd and all of its affiliated companies. There's no upfront fees but they will charge a success fees. Hope this can help you. Please help to spread this news to all other victims of Banc De Binary.
Good evening
I write to confirm receipt of your previous enquiry in relation to a potential claim against Banc De Binary.
My name is Joanna Bailey and I am an Associate Lawyer within the Financial Services, Forex & Binary Options Litigation Department at Giambrone.
I am the main point of contact within the team and I usually work
between 9.30am and 5pm GMT. I sympathise with your situation and can only say that the position you find yourself in is not unique.
I would like to reassure you that our lawyers in the Forex & Binary Options Litigation Department have an excellent proven track record of successfully recovering investors’ funds internationally. We have successfully represented hundred of individual investors in binary options, forex and securities fraud lawsuits and arbitrations worldwide, with combined claims of millions of dollars. We have recovered more than $16m in 2016 alone and our lawyers are frequently featured on national and international newspapers and TV as experts in their field for their skills in successfully pursuing forex and binary option brokers worldwide.
Banc De Binary - Group Litigation
In the last couple of months, perhaps due to increased media attention worldwide, I have been investigating a substantial volume of complaints of fraudulent binary options trading by investors against Banc de Binary. It appears that most of the background facts surrounding the operation of the company are similar amongst our clients so we are considering the possibility to issue a class action/group litigation action against Banc De Binary Ltd and all of its affiliated companies.
As you may be aware, in March 2016, a US federal Court ordered Banc de Binary Ltd., ET Binary Options Ltd., BO Systems Ltd., BDB Services Ltd. and its owner Oren Shabat Laurent to pay more than $9 million in restitution and a civil monetary penalty to U.S. customers who traded the illegal, off-exchange options offered and for violating the CFTC’s Ban on Trading Binary Options Off-Exchange. The Order also imposed a permanent ban on offering or trading any further off-exchange binary options to U.S. customers. We are trying to ascertain whether such Order could help us in bringing similar proceedings in the UK for non-US based investors.
Litigation Funding
I have recently been involved in discussions with potential litigation funders in the City of London. Litigation funding is also known as legal financing and third-partyfunding, enables a party to litigate or arbitrate without having to pay for it. If I receive enough enquiries/confirmation of instructions to proceed with the proposed class action then you may become eligible for such litigation funding. The external funder agrees to pay your legal fees in return for a success fee that will be deducted from any compensation recovered.
This would mean that you would not have to pay anything up front for the litigation against Banc De Binary.
In order to be eligible for Litigation Funding however, we must first meet a minimum threshold in relation to the value of the claim as a whole. Additionally, the claim must obviously have sufficient prospects of success.
I have been made aware of the existence of various open and closed groups on Facebook, LinkedIn and several forums where people in circumstances similar to yours have requested legal help or assistance to recover their losses. Should you have access to any of these groups, perhaps you would consider sharing this information and the below link with them in order that we can collaborate as many claims as possible in order to become eligible for the litigation funding:
http://www.giambronelaw.com/site/ne...forex-binary-option-litigation-banc-de-binary
I have approached a specialist Financial Services Barrister to prepare a preliminary advice on prospects of success, that I can go back to the funders with to strengthen our application.
I look forward to hearing from you if the above is something which you would be looking to proceed with and in the meantime, please do not hesitate to contact me if you know of anyone else who is in the same position as yourself. As I need to manage multiple claimants in a structured way, and as I am attempting to keep Banc De Binary victims completely separate from any other brokers that our department assists with, I would be grateful if any new instructions and details of your claim could be forwarded to myself directly.
In the meantime, I would like to thank you, once again, for your enquiry with Giambrone and look forward to working with you to assist you with the recovery of your losses.
With best wishes,
Joanna
Joanna Bailey Associate | GIAMBRONE T: 0044 207 183 9482 E: joanna.bailey@giambronelaw.com W: www.giambronelaw.com | www.giambronelaw.it
* BestFull Service Law Firm of the Year (Italy)| Finance Monthly Awards 2016
* Best Law Firm of the Year |Litigation & Alternative Dispute Resolution(Italy)| M&A Today
* Cross Border Litigation Law Firm of the Year 2014 | Global Law Experts
Emails sent from giambronelaw.com are sent for and on behalf of Giambrone. The email and any attachments are confidential, legally privileged and protected by copyright. If you are not the intended recipient, dissemination or copying of the email is prohibited. If you have received an email in error, please notify the sender by replying by email and then delete the email completely from your system. Giambrone is authorised and regulated exclusively by the Italian Law Society. VAT No: IT05470850826. Giambrone is the trading name of Studio Legale Giambrone in Italy. Notice: Giambrone does not accept service of court proceedings, other processes or any formal notices of any kind by email without specific prior written agreement.
