Lawsuit Filed Against LJM Preservation and Growth Fund

Posted on March 7th, 2018 at 12:12 PM
Lawsuit Filed Against LJM Preservation and Growth Fund

From the Desk of Jim Eccleston at Eccleston Law LLC:

A lawsuit seeking class-action status has been filed in the U.S. District Court in Chicago against managers of U.S. mutual fund, LJM Preservation and Growth Fund (LJMAX).  LJMAX, once worth approximately $800 million, was founded by two former traders.

According to the complaint, investors lost four-fifths of the value of the fund in early February, as the Dow Jones industrial average dropped nearly 1,600 points.

According to the mutual fund, LJMAX relied heavily on a strategy that profited from calm markets. However, according to the complaint, the fund was not focused on capital preservation and exposed investors to an unacceptably high risk of catastrophic losses.  

Eccleston Law is investigating. Retail investors who bought LJMAX through a financial advisor may have grounds to recover their losses.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial advisors including Broker Litigation & ArbitrationStrategic Consulting ServicesRegulatory  MattersTransition Contract Review, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, Eccleston Law LLC, James Eccleston

Return to Archive



As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

Bill C. and Dan M.


January 18, 2022
New York Advisor Receives 17-Year Prison Sentence Over Ponzi Scheme

A New York-based advisor, Perry Santillo, received a 17-year prison sentence for his role in operating a Ponzi scheme that generated at least $115 million from more than 1,000 investors.

January 17, 2022
J.P. Morgan Seeks TRO Over Departing Advisor

J.P. Morgan Chase’s brokerage business has requested that a Louisville, Kentucky, federal court issue a temporary restraining order (TRO) barring one of its former advisors from soliciting its clients.

January 14, 2022
Ohio Advisor Pleads Guilty In $9.3 Million Ponzi Scheme

A former Northeast Ohio-based advisor, Tara Brunst, has pleaded guilty to her role in a $9.3 million Ponzi scheme.