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Cases / Legal & litigation funding

PLCMGMT LLC (aka PLC, Prometheus Law)

James Catipay, David Aldrich

ReportedApr 15, 2016
LocationLos Angeles, CA
Amount$11,700,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
PLCMGMT LLC (aka PLC, Prometheus Law)
Industry
Funding marketing to find plaintiffs in failed drug and medical device lawsuits, with returns from settlements
How investors were recruited
Investors were mostly non-attorneys, many of them retirees
Pitch & red flags
Promised 100% to 300% returns; described investments as safe and "guaranteed"

Pitch phrases from this case

Source

SEC official

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