SHREVEPORT – Two individuals and a Shreveport company are being sued by an investor over allegations his investment was not returned as promised.
Stafford filed a complaint on Feb. 10 in the U.S. District Court for
the Western District of Louisiana, Shreveport Division against
Walter J. Stanton III, David deBerardinis and Financial Resources LLC
alleging negligence and breach of fiduciary duty.
According to the complaint, the plaintiff alleges that in
February 2016, Stanton contacted him to invest in
deBerardinis and FR's business and stated that a bridge loan would
return the initial investment plus 10 percent profit within 60 days. The
suit states that on March 17, 2016, the plaintiff completely invested
$2.5 million. To date, no portion of the $2,750,000 allegedly had yet
The plaintiff holds Stanton III, deBerardinis and
Financial Resources LLC responsible because the defendants allegedly
have failed to make payments for the said amount and defendant Stanton
falsely represented that deBerardinis and FR were in
excellent financial condition.
The plaintiff requests a trial by
jury and seeks judgment in his favor, for $2,750,000, plus interest
thereon at the rate of 40 percent per annum until paid and costs of these
proceedings. He is represented by John R. Walker of Jones Fussell in
U.S. District Court for the Western District of Louisiana, Shreveport Division Case number 5:17-cv-00262
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