Law Office of Joseph C. Korsak

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      Significant Recent Decisions

Michael Yerger v. Barry M. Barbush and Merrill, Lynch, Pierce, Fenner and Smith, NASD 04-07439. Action for breach of fiduciary duty and negligent supervision. Settled in favor of Michael Yerger on October 26, 2005, in an amount required to remain confidential by agreement of the parties. The terms of the agreement can be reviewed by examining the Barry Barbush CRD which appears on the websites of NASD and the Pennsylvania Securities Commission.

Frederick Young v. York City Housing Authority, # 26356 Pennsylvania Civil Service Commission, April 13, 2010. 2009 termination reduced to a ten workday suspension, with back pay reduced by unemployment compensation received. Unemployment Compensation was also challenged but found in favor of Claimant Young.


    We litigate the claims of individual investors who have been wronged by their stockbroker or investment advisor.
    Stockbroker misconduct comes in many forms. By number, the three largest complaints involve breach of fiduciary duty, negligence, and investment unsuitability. The unifying element of these complaints is the notion that the investor is not receiving appropriate recommendations given that investor's risk tolerance, investment sophistication, and financial circumstances.  Every investor participates in a market that swings both ways, up and down. Losses from ordinary market forces are always a possibility. Losses resulting from broker inattention to your account are recoverable. Losses resulting from broker self-dealing are recoverable. Losses resulting from the broker's failure to tailor an investment plan consistent with your needs are recoverable.

Attorney Joseph C. Korsak

403 South Allen Street, State College, PA 16801
(717) 880-3759


Home | What We Do | Meet Attorney Joseph C. Korsak | Practice Areas | Contact