LOS ANGELES, Sept. 17, 2020 /PRNewswire/ -- Los Angeles lawyer Tre Lovell of The Lovell Firm, P.C., along with co-counsel Brandon Reif of The Reif Law Group, P.C., are seeking in excess of $50 million against Wells Fargo Advisors based on allegations of financial mismanagement, fraud and related claims pertaining to the handling of their client, the Dougher Trust's, financial affairs. The lawsuit addresses a number of instances of alleged legal and regulatory failures that even in light of Wells Fargo's problematic history appear surprising. According to Lovell, "As the detailed facts demonstrate in the complaint, we believe the actions of Wells Fargo amount to a brazen and egregious dereliction of financial duties and mismanagement to a level that is truly appalling and shocking. Legal and regulatory malfeasance are unacceptable under any circumstances, and we intend to prove our client's claims and seek complete and comprehensive redress." Co-counsel Brandon S. Reif added: "Had the defendants presented a financial plan with tax mitigation strategies, our client's wealth would have been preserved and grown." Reif added, "An investment advisor's duty to provide skilled advice applies with equal force for the wealthy client." The lawsuit was filed in the San Diego Superior Court, Case No. 37-2020-00025859-CU-FR-CTL.
Tre Lovell has been noted among the elite litigators in the nation, having been named Lawyer of the Year, Finalist, by the Los Angeles Business Journal, and further honored by The National Law Journal as one of the Top 50 Litigation Trailblazers in the country. A member of The National Trial Lawyers Top 100, Mr. Lovell has been further recognized among the top 1% of attorneys in the United States through such esteemed organizations as the American Academy of Trial Attorneys, Multi-Million Dollar Advocates Forum, Distinguished Justice Advocates, America's Top 100 High Stakes Litigators, Rue's Best Attorneys of America, National Association of Distinguished Counsel and the Trial Lawyers Board of Regents. Named among California's Superlawyers, Mr. Lovell was recently on the cover of Hollywood Weekly Magazine and profiled in Forbes and other publications. Mr. Lovell is frequently interviewed and sought for commentary by media outlets including Bloomberg Media, The Guardian, Associated Press, and has appeared on numerous television newscasts.
The Lovell Firm practice areas include: Entertainment Law, Business and Corporate Law, Intellectual Property, and Employment Law.
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SOURCE The Lovell Firm