KPKB Crafts Fractional Settlement In Unicapital Securities Fraud Case

KPKB Crafts Fractional Settlement In Unicapital Securities Fraud Case

     MIAMI—When disgruntled shareholders sued the former director of a Miami based roll-up finance company, Unicapital Corp., the director turned to Miami Based KPKB to defend him.

    Hired with Unicapital’s insurers’ approval, KPKB successfully defended the director against allegations of fraud and impropriety in the initial public offering connected with the company’s roll-up of 14 privately held finance leasing companies.  As a result, KPKB successfully protected Unicapital’s $100 million directors’ and officers’ liability policy, crafting a settlement worth less than 10% of the policy limit.