In [insert date], the court issued a ruling on the motion to dismiss, allowing some of the plaintiffs' claims to proceed while dismissing others. The case ultimately settled out of court for an undisclosed amount.
: The firm claimed funds would be used to purchase distressed debt portfolios through the Collins Asset Group (CAG) . ferrum capital lawsuit 2021
, a San Antonio affiliate, advised clients to invest with a Ferrum company. Instead of being invested as promised, these funds were allegedly diverted for personal use and to pay earlier investors. In [insert date], the court issued a ruling
: In October 2020, the TSSB determined that Ferrum's promissory notes were unregistered "alternative securities" . By 2021, affiliate Brooklynn Chandler Willy , a San Antonio affiliate, advised clients to
In the long term, the lawsuit could have far-reaching consequences for Ferrum Capital, including:
Ferrum Capital is a financial services company that provides investment advice and asset management services to high-net-worth individuals and institutions. The company was founded in 2007 and has since grown to become a respected player in the financial services industry. Ferrum Capital is headquartered in New York City and has offices in several major cities around the world.