He then makes derogatory allegations to the press about financial services firms, all the while simultaneously alleging the public is a `vulnerable adult' incapable of understanding contractual relationships with anyone but himself and his firm. I look forward to a jury verdict that will expose his wrongdoing.
SARASOTA, Fla. (PRWEB) November 20, 2007
The suit comes from a case where Stanley and Eleanor Weisman, multi-millionaires, sued Allianz Life Insurance Company over a purchase of an annuity. Wasserman was named as a defendant because he owned the Phillip Roy Financial Services firm, even though the sale was made by an independent sales representative.
The Weismans, who are also defendants in the suit against Hargrove, dismissed the suit against Wasserman and Phillip Roy Financial Services after Wasserman provided Hargrove and his firm with 30 days notice to dismiss their lawsuit or be subject to sanctions and money damages for filing a frivolous lawsuit.
"Our position is that John Hargrove runs television ads to entice potential clients and then makes false allegations to collect attorney fees," said Phillip Wasserman in a released statement.
"He then makes derogatory allegations to the press about financial services firms, all the while simultaneously alleging the public is a `vulnerable adult' incapable of understanding contractual relationships with anyone but himself and his firm. I look forward to a jury verdict that will expose his wrongdoing."