Proven Results: Stories of Investment Loss Recovery
Here at Bixby Law PLLC, we have witnessed the severe adverse effects that investment losses can have on individuals and other entities. Our attorneys, led by attorney Michael C. Bixby, are dedicated to assisting investors throughout the country recover their losses caused by Alliance Bernstein’s Options Advantage Strategy. The following are just some representative cases which illustrate the recovery process we guide our clients through in order to obtain justice.
The Background: The Collapse of the Options Advantage Strategy
Alliance Bernstein touted its Options Advantage Strategy (options strategy) as a mathematically supported, low risk investment strategy that would provide investors with steady returns. Many investors invested large percentages of their portfolios in the options strategy based on these assurances and the recommendations of their brokers. Unfortunately, in 2022, the options strategy lost nearly all its value, causing irreparable harm to thousands of investors across the country. Many of these losses were exacerbated by misrepresentations and/or omissions about the true risks of the options strategy. Bixby Law PLLC helps to hold those responsible accountable and recover funds for investors.
Case Study One: Retired Individual Reclaims $450,000 After Being Misled on Level of Risk
Susan W., a retired educator from Ohio, invested nearly $600,000-her life’s savings-into Alliance Bernstein’s “Options Advantage Strategy” on the recommendation of her longtime financial advisor. Susan’s financial advisor represented that the Strategy was conservative and ideal for those investors interested in retirement income. However, when the strategy failed in 2022, Susan lost over $400,000 practically overnight.
When Ms. W contacted Bixby Law PLLC, a free and confidential case review was conducted by our attorneys. Evidence was presented that showed Ms. W.’s broker/advisor failed to disclose the risks associated with the strategy, as well as evidence that Alliance Bernstein misrepresented the volatility of the strategy. After securing a FINRA Arbitration proceeding, Bixby Law PLLC argued successfully that Susan W. was misled, and her losses were a direct result of negligent investment advice (whether intentional or negligent). The arbitrators awarded Susan $450,000 in damages.
Ms. W., like many of our clients, was able to recover her financial ability to retire and enjoy her golden years-and she didn’t pay any upfront attorneys’ fees for this recovery due to how our aggressive contingency based model operates.
Information learned from FINRA Arbitration Proceedings is taken very seriously at Bixby Law PLLC as it helps prevent the same wrongdoers from committing the same mistakes time and time again.
Case Study Two: Family Trust is Compensated for $1.2 Million Losses
The Johnson Family Trust, managed by members of the Johnson family in Texas, placed $1.5 million into the Options Advantage Strategy (“OAS”) after a financial advisor from Sanford C. Bernstein & Co. sold the strategy as a “safe, balanced solution” for preserving generational wealth. After the strategy incurred $900,000 in losses in the 2022 market downturn, they learned that the family had not been fully informed of the risks and complexity involved with OAS’s options-based structure and potential for catastrophic loss.
The family immediately sought advice from Bixby Law PLLC. Our firm identified internal communications that revealed the advisor had downplayed risk and failed to make proper disclosures. We subsequently filed a FINRA Arbitration claim and argued a persuasive case involving misrepresentation and breach of fiduciary duty against this new employer. Bottom line: we obtained a negotiated settlement for the family trust of $1.2M. The victory not only preserved the family legacy, it sent a powerful message regarding investment counsel gone wrong.
Case Study Three: Young Professional Recovered Significant Losses with Experienced Representation
California investor Alex P. was under the impression he was going to be insulated from market volatility when his wealth manager recommended the Options Advantage Strategy, emphasizing its stability and safety compared to equities. When it lost money, Alex reckoned with having lost $180,000-more than half of his investment.
When Alex saw our advocacy for Options Advantage Strategy investors at Bixby Law PLLC, he reached out. Based on our quick review of the information provided, Alex wasn’t disclosed all material risks associated with his investments. We collaborated with him to demonstrate his advisor’s representations and loss timeline, and we ultimately obtained a $155,000 recovery for him. Transparency is a crucial lesson from this case, and an illustration of our willingness to push for investor protection.
The Bixby Law PLLC Process: You’ll Get One-on-One Advocacy and a Solid Track Record
Every client has a different story, but we employ the same process. We begin with a free, private consultation to find out the specifics of their situation, then develop a strategy to maximize recovery. We have extensive experience in FINRA Arbitration and investment fraud litigation, allowing us to resolve complex claims efficiently and get results in an average of 12-18 months. With no upfront legal fees and a contingency fee structure, our clients can seek justice with no financial burden. Michael C. Bixby and the firm have recovered over $150 Million throughout the U.S. for over 1,000 investors.
What You Can Expect: The Investment Loss Recovery Process
- Free & Confidential Consultation: Engage in a no-cost, no-pressure discussion to assess your account statements, communications, and investment details.
- Case Assessment: Our attorneys will evaluate your case to identify any misrepresentations, omissions, or breaches of duty by your broker/advisor and/or Alliance Bernstein.
- Filing the Claim: Should we find sufficient grounds, we will manage all aspects of your FINRA Arbitration claim or lawsuit, ensuring you are kept informed throughout the process.
- Finalizing Recovery: The majority of cases are resolved within 12 to 18 months. Our fees and costs are deducted from the recovery achieved on your behalf, with no upfront costs required.
This overview aims to illustrate the straightforward, comprehensive service approach of Legacy. Our objective is to provide you with the necessary support, allowing you to concentrate on the future while we work towards recovering all losses incurred due to mismanagement and/or negligence.
Why Work with Bixby Law PLLC
Our Firm has the experience, national presence, and client-centered focus that distinguishes us from other securities firms. Our attorneys have a proven track record of success in complex securities and investment fraud cases involving the Options Advantage Strategy. As a client of our Firm, you will receive:
- Direct access to senior counsel, including Michael C. Bixby
- Decades of legal experience combined
- No-cost claim evaluations and consultations
- No retainer fees or hidden costs – EVER
- Ethical, aggressive representation with an eye toward maximizing your recovery
If you or a loved one suffered losses from Alliance Bernstein’s Options Advantage Strategy, you deserve justice and restitution. To learn more about the legal process, visit our About Options Advantage Strategy Lawsuit page.
Take the First Step: Get Started on Your Recovery
Don’t delay in securing assistance. Most successful recoveries start with one phone call. Call Bixby Law PLLC now for a free, confidential assessment regarding your Options Advantage Strategy claim …
Toll-Free: (833) 547-4994
Or email: [email protected]
The firm’s principal office is located at 1149 Creighton Road, Suite 7, Pensacola, FL 32504.
Put the Advocate Advantage on your side and start your fight for financial recovery – contact us now to get the skillful guidance and tenacious advocacy you deserve. You can also reach out through our Contact Options Advantage Strategy Lawsuit page.