SFM Holdings, LTD v. Jerome Fisher

This action is the fourth that SFM Holdings, Ltd. and Salomon Melgen, M.D. (collectively, “Plaintiffs”) have filed based on facts relating to one of the largest securities fraud cases in Florida history. It was originally filed in Florida state court and alleged that diverse defendant Banc of America Securities (“BAS”) breached a number of agreements with Plaintiffs, both written and implicit, in handling Plaintiffs’ BAS account. In the same action, Plaintiffs also sued non-diverse defendant Jerome Fisher, alleging that his deliberate and material misrepresentations and omissions caused…