Concepcion, Sexton, & Martinez, together with their team of forensic accountants
and experts, recently obtained an Injunction Order effective through
the State of Florida freezing various bank accounts, real property
and other assets . The funds in the Florida bank accounts and the
real property were traceable directly to other bank accounts in
the Caribbean which had been opened with money converted from the
firm’s Canadian clients. The Court which entered the Injunction
Order relied on precedent established by similar cases previously
litigated by Mr. Concepcion and his colleagues.
Carlos
F. Concepcion, who practices in the area in the complex commercial
litigation, recently obtained a seven figure arbitration award
against a prominent securities brokerage firm and the broker who
represented the investors. The investors were a husband and wife
who sold their company for millions of dollars and invested all
of their proceeds with one particular brokerage firm. The award
was based on the failure of the broker and the brokerage firm to
protect the investors by implementing customary hedging techniques
designed to minimize losses in a portfolio that was heavily invested
in one security. The claims against the broker and brokerage firm
included negligence and breach of fiduciary duty.
Carlos
F. Concepcion is Co-Chair of the Greater Miami Chamber of Commerce
America's Linkage 2003 Program. The Americas Linkage Program was
created by the Greater Miami Chamber of Commerce , in partnership
with American Airlines, to market Florida as a business center,
stimulate trade and establish strategic alliances between Florida,
Latin America and the Caribbean. As Chair of the Program, Carlos
F. Concepcion will lead many Florida executives to cities throughout
Latin America in May 2003 and the Caribbean to meet with high level
representatives of Chambers of Commerce, Business Organizations
and Trade Associations, as well as executives of private sector
companies, and will host an "In-bound" meeting of such
foreign executives in South Florida in November 2003.