Claims To Recover Medical Capital Losses.

FOR IMMEDIATE RELEASE
Chicago, Illinois, United States of America (Free-Press-Release.com) December 21, 2010 -- The White Law Group announces that it has filed two Financial Industry Regulatory Authority (FINRA) arbitration statements of claim involving investment losses in Medical Capital. The claims, filed against Securities America, a Nebraska based broker-dealer, seek recovery of investment losses incurred in Medical Capital promissory notes.

In 2009, Medical Capital was charged by the Securities and Exchange Commission (the “SEC”) with fraud in the sale of $77 million of privately placed notes.

The SEC alleged that $18.5 million of the proceeds were illegally used by Medical Capital to cover administrative costs, and in March 2010 federal prosecutors launched a criminal investigation into two executives with ties to Medical Capital Holdings: Medical Capital CEO Sidney M. Field and President Joseph J. “Joey” Lampariello.

The claims filed by The White Law Group were submitted on behalf of multiple investors in Illinois and Georgia, and allege claims for fraud, breach of fiduciary duty, negligence, and negligent supervision. The claims further allege that Securities America failed to perform the necessary due diligence prior to recommending the Medical Capital investments to its clients.

Upon information and belief, in January 2010, Securities America was sued by the Commonwealth of Massachusetts for its role in the sale of these Medical Capital privately placed notes. According to the complaint, a number of Securities America representatives allegedly misled investors about investments in Medical Capital and failed to disclose the risks associated with the investments.

The Massachusetts lawsuit further alleges that between 2003 and 2008, a group of Securities America executives repeatedly failed to heed the warning of an outside due-diligence analyst regarding the risks of the Medical Capital investments.

For more information on the claim filed by The White Law Group , please contact the firm’s Chicago office at 312-238-9650.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida. With over 30 years of securities law experience, including experience working at FINRA (f/k/a the NASD) and the SEC, The White Law Group has the expertise to help investors defrauded in securities, investment and financial business transactions.

For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

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