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 »

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 »

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 »

Tony Thompson, Thompson National Properties, and TNP Strategic Retail Trust are the defendants in a new class action just filed by securities attorneys Jason Kane and Joe Peiffer, along with their co-counsel, on behalf of certain TNP Strategic Retail Trust investors. This is the third class action filed by attorneys Rosca and Peiffer on behalf… Read more »