Tony Thompson and TNP’s lawyers have served notice to a federal judge in San Francisco that they wish to sever their relationship with Tony Thompson, and his firm, Thompson National Properties, citing a breakdown in communication and a failure by Thompson and TNP to pay their legal fees. Both Tony Thompson and Thompson National Properties,… Read more »

TNP and its principals transferred millions of dollars from TNP 2008 and another TNP program – TNP Profit Participation Program Notes – to other TNP affiliates between 2009-2014, according to documents obtained by the Peiffer Wolf Carr & Kane attorneys who represent TNP investors. TNP Class Action Cases Filed by the Peiffer Wolf Carr & Kane Lawyers on Behalf of TNP Investors The… Read more »

Strategic Realty Trust Inc., formerly known as TNP Strategic Retail Trust Inc., recently informed investors that the REIT’s valuation dropped by nearly 30%, to $7.11 per share from its former valuation of $10 per share. The Peiffer Wolf Carr & Kane lawyers represent investors in TNP Strategic Retail Trust and other TNP programs including TNP 2008 Participating Notes,… Read more »

The Peiffer Wolf Carr & Kane securities practice attorneys are pleased to announce that they have reached a satisfactory resolution on behalf of certain clients concerning claims against a Thompson National Properties (“TNP”)-sponsored real estate investment program.  The details of the settlement were confidential.  The Peiffer Wolf Carr & Kane attorneys have filed three class actions and several FINRA arbitration proceedings… Read more »

In a letter to its investors dated February 14, 2014, Thompson National Properties (TNP) stated that it “cannot support its current debt load” and that its “current cash flows cannot service the debt” it currently has. In the letter, TNP proposed to adjust the interest payable to investors to what it calls “realistic interest rates,”… Read more »

Berthel Fisher, a securities broker-dealer firm based in Iowa and with branches across the country, has been sanctioned and fined by the securities industry regulators for supervisory failures regarding its sales of non-traded REITs to its customers, among others. The Peiffer Wolf Carr & Kane securities lawyers represent a number of investors in several cases, from class actions… Read more »

The SRT Shareholder Coalition, which includes Tony Thompson and Thompson National Properties (“TNP”) came to an agreement with Strategic Realty Trust, formerly known as TNP Strategic Retail Trust, to end the proxy battle that created much uncertainty concerning the future of TNP SRT. As a result of the agreement, Tony Thompson will no longer be… Read more »

Thompson National Properties affiliate TNP Securities, a broker-dealer that was owned and controlled by TNP founder Tony Thompson, has shut down. TNP Securities has been sued by the securities industry regulators and accused of fraud in connection with its promotion of several TNP-sponsored real estate investment programs. TNP Securities was one of the major promoters… Read more »

The battle for the control of TNP Strategic Retail Trust – renamed Strategic Realty Trust after the ouster of founder Tony Thompson by SRT’s independent directors – is heating up. On November 4, 2013, a press release was issued by a group called “SRT Shareholders Coalition,” which includes among its members Tony Thompson, his wife,… Read more »

More TNP investors are contacting securities lawyers Jason Kane and Joe Peiffer to seek compensation for their investments in Thompson National Properties – sponsored programs. Investors in TNP 2008 Participating Notes, TNP 12% Notes, TNP Strategic Retail Trust, and TNP 6700 Santa Monica Boulevard (“TNP Kodak) represented by attorneys Rosca and Peiffer have filed or are in… Read more »