Gibbs Law Group is investigating First Landing Fund, a “feeder fund” which invested all its capital in Prophecy Asset Management. Prophecy is now part of a lawsuit alleging serious financial issues and misconduct.

If you invested in First Landing Fund, Prophecy Asset Management, or Indie Asset Management, you may have a claim. Speak with a securities fraud lawyer to learn more.

Invest in First Landing?

You may have a claim. Get a free and confidential consultation.

  • This field is for validation purposes and should be left unchanged.

1-866-861-5576

First Landing Sues Prophecy Asset Management; "Feeder Fund" May Be at Risk

First Landing is a “feeder fund” managed by Vantage Consulting Group, Inc., which means that the fund was formed solely for the purpose of investing all of its investible capital in another entity or fund. Since First Landing invested all its capital in Prophecy Asset Management, the performance of any investment in First Landing is 100% tied to the performance of Prophecy.

Due to recent allegations in a lawsuit against Prophecy, First Landing investors now fear significant investment losses and illiquidity of the fund. First Landing has filed a books and records request in Delaware Chancery Court to learn more about these issues.

Although First Landing appears to be blaming Prophecy for the issues with the fund, First Landing had obligations to conduct due diligence, investigate, and understand Prophecy before soliciting funds to be invested with Prophecy. As a result, First Landing investors may be eligible to pursue recovery from First Landing for potential misconduct. Our law firm will continue to investigate.

Our Securities Lawyers Have a Winning Record Against the World's Largest Companies Like First Landing

Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.

 

“My in-laws lost their retirement funds to a dishonest broker. Silver Law Group and Scott Silver aggressively pursued their losses until he got their money back.”

-Silver Law Group client, Ben M.

 

 

“You and your entire staff have been wonderfully organized, professional and a delight to hear from. Usually that is not the case when dealing with legal matters – but you guys (gals) rock.”

-Gibbs Law Group client, Amy

Praise from the Courts

Federal judge in our AT&T class action:

“I’ve always found them to be extraordinary counsel in terms of their preparation and their professionalism.”

Federal judge in our Chase lawsuit (resulting in $100 million settlement):

They “fought tooth and nail, down to the wire” to achieve “the best settlement that they could under the circumstances.”

Read more about what judges say about us.

Scott Silver

Scott focuses his law practice on securities arbitration and litigation and plaintiff-side class action litigation, representing individual investors and institutions in claims against brokerage firms, investment advisors, commodities firms, hedge funds and others.

Michael Schrag

Michael has over 20 years of experience representing individual and small business plaintiffs against the world’s large financial institutions, including Visa, Mastercard, and Chase.

Eileen Epstein

Eileen is involved in the firm’s securities practice and has over a decade of experience in the legal world. She received her law degree from American University in 2005.

David Stein

David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the Top 40 Under 40 by Daily Journal and a “Rising Star in Class Actions” by Law360.

Amanda Karl

Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product.

Our Financial Fraud Experience

Gibbs Law Group

Gibbs Law Group’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. The firm has successfully litigated against some of the largest companies in the United States, and has recovered more than a billion dollars on clients’ behalf.

Gibbs Law Group attorneys have fought some of the most complex cases brought under federal and state laws nationwide, and have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern CaliforniaTop Plaintiff Lawyers in CaliforniaThe Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).

Silver Law Group

Silver Law Group is a team of securities lawyers, forensic accountants, and support staff who are dedicated to helping investors recover losses through securities arbitration and litigation.

The firm is led by Scott Silver, a former Wall Street defense attorney who has been representing customers in securities and investment fraud cases since 2002. Scott is admitted to practice in New York and Florida and the firm’s FINRA arbitration attorneys represents investors nationwide.