FINRA Panel Finds Kentucky-Based Brokerage Firm Hilliard Lyons Liable for

Damages to Illinois Couple Represented by Oakes & Fosher LLC

FINRA Panel Awards Marion, Illinois Couple Compensatory and Punitive Damages Against
Hilliard Lyons for Concentrated Investment in Breitburn Energy Stock.

St. Louis, MO, September 27, 2017 --(PR.com)-- Law Firm Recovers $558,399 in damages for former
customer of brokerage firm.

Stockbroker fraud law firm Oakes & Fosher, LLC recovered all client losses in a recent case against
brokerage firm Hilliard Lyons. In September, a three-member arbitration panel found in favor of the law
firm's clients, and awarded a total of $558,399, which included an award of $100,000 in punitive
damages.

The claims alleged that Hilliard Lyons invested the significant majority of the clients' funds in Breitburn
Energy through its stockbroker Michael Barnett. The company operated in speculative oil and gas area,
and filed for Chapter 11 bankruptcy in May 2016.

Oakes & Fosher LLC was able to recover $450,000 in compensatory damages and $100,000 in punitive
damages as well as costs due to the actions of Barnett and Hilliard Lyons.

About Hilliard Lyons

A number of cases against brokers at the Kentucky-based broker-dealer firm Hilliard Lyons have been
tried over the years, including those involving broker Michael Barnett and other brokers with alleged
misconduct. From 1998 to 2008, the company was owned by PNC Financial Services. Now ownership is
shared between Hilliard Lyons employees and Houchens Industries.

About Oakes & Fosher

Oakes & Fosher is a law firm dedicated solely to representing individual investors in disputes with stock
brokers and brokerage firms. The firm has represented over approximately 1,000 investors throughout the
country and has recovered millions of dollars due to stockbroker negligence and/or fraud.

If you have investments with a broker at Hilliard Lyons or have had losses due to investments in
Breitburn with Hilliard Lyons, please contact Oakes & Fosher at 877-383-2118.

Press Contact:
Richard Fosher

Page 1/2
PR.com Press Release Distribution Terms of Use
Contact Information:
Oakes & Fosher, LLC
Richard Fosher
314-428-7600
Contact via Email
oakesfosher.com

Online Version of Press Release:

You can read the online version of this press release at: http://www.pr.com/press-release/731184

Page 2/2
PR.com Press Release Distribution Terms of Use