Results

Since its inception in July 2010, the Costello Law Group has recovered over $35 million for its clients. Some of the more notable results are listed below.

SETTLEMENTS

$7.4 million settlement for defrauded real estate investors.

$1.05 million settlement of legal malpractice claims.

$925,000 settlement of personal injury claim as a result of a truck accident.

$435,000 settlement of accounting malpractice claims.

$325,000 settlement of personal injury claim as a result of fall on commercial property.

$300,000 settlement of financial advisor misconduct claims.

$300,000 settlement of personal injury claim as a result of fall on commercial property.

$275,000 settlement of personal injury claim as a result of nursing home neglect.

$275,000 settlement of personal injury claim as a result of nursing home neglect.

$250,000 settlement of personal injury claims as a result of an auto accident.

$240,000 settlement of financial advisor misconduct claims.

VERDICTS

Perry v. William Johnson
Case No. CAL 12-12730, Circuit Court for Prince George’s County
10/7/13 Jury trial regarding claims of personal injury – Judgment of $529,000 awarded to Plaintiff.

Wittmann v. Cabot Investment Properties, LLC, et al.
Case No. 12-C-11-002485 OC, Circuit Court for Harford County
12/9/13 Bench trial on claims for violations of the Maryland Securities Act- Judgment of $1,173,881.75 awarded to Plaintiffs.

Bollman v. Splash& Dash, LLC
Case No. 12-C-09-003497 OT
10/29/13 Jury awards $200,000 in damages to Plaintiff.

FINRA ARBITRATION AWARDS

Michalak v. American Investors Company, et al., FINRA Arb. No. 09-05641
Panels awards $2,702,800 in compensatory damages, attorney’s fees and costs.

Georges v. CIBC Oppenheimer Corp., FINRA Arb. No. 98-03690
Panel awards $427,000 in compensatory and punitive damages.

Lins v. Cambridge Investment Research, Inc., et al., FINRA Arb. No. 17-01975
Panel awards $210,000 in compensatory damages, attorney’s fees and costs.

Zagier v. Wasserman & Associates. et al., FINRA Arb. No. 09-01281 
Panel awards $118,315 in compensatory damages, attorney’s fees and costs.

Edwards v. Bennett, et al., FINRA Arbitration No. 13-00612
Panel awards $100,164.38 in compensatory damages.

Morgan Stanley Smith Barney, LLC, et al. vs. Peter C. Foote, FINRA Arbitration No. 14-00233
Successfully defeated Morgan Stanley’s claims against a former employee for monies owed on a promissory note. Morgan Stanley’s claims for more $340,000 in damages were denied in their entirety.

Citigroup Global Markets, Inc. vs. Mamunes, FINRA Arbitration No. 12-01480
Successfully defeated Citigroup’s claims against a former employee for monies owed on a promissory note. Citigroup’s claims for more $100,000 in damages were denied in their entirety and all hearing session fees were assessed against Citigroup.

Scherr v. Merrill Lynch Pierce Fenner & Smith, FINRA Arb. No. 08-00928 
Panel finds Merrill Lynch liable for defamation and orders expungement of advisor’s U-5.

SUCCESSFUL APPELLATE DECISIONS

Mathews v. Cassidy Turley, et al., 435 Md. 584 (2013)
Successfully overturned trial court’s entry of summary judgment and create new Maryland law regarding the definition of an investment contract and the application of limitations under the Maryland Securities Act. An important victory for Maryland investors!

Barbour v. International Union, 640 F.3d 599, (4^th Cir. 2011)
Successfully reversed trial court rulings regarding issues of removal and the doctrine of complete preemption.

Bollman v. Splash & Dash, LLC, CSA, Md. Sept. Term 2013, No. 2238 (2015)
Successfully reversed J.N.O.V. granted by the Circuit Court for Harford County and reinstated the $200,000 jury verdict.

Commonwealth Equity v. Messick, 152 Md. App. 381  (2003)
Successfully affirmed trial court’s ruling regarding the waiver of an agreement to arbitrate.

Bollman v. Splash & Dash, LLC, Md. CSA, Sept. Term 2010,  No. 1179 (2012)
Successfully reversed trial court’s ruling regarding the issue of assumption of the risk.

TOTAL ANNUAL CLIENT RECOVERIES BY THE COSTELLO LAW GROUP

2020 – $1,996,631

2019 – $3,319,111

2018 – $2,641,085

2017- $4,670,250

2016 – $2,269,235

2015 – $8,400,000

2014 – $1,968,000

2013 – $3,164,000

2012 – $3,045,000

2011 – $3,950,500