I am a financial professional who once had a thriving income. My clients were all high net worth, qualified investors (i.e. high income and high net worth). A few investments turned bad and a lawyer rounded up a few of these clients (about 40) to bring to a FINRA (the pseudo-government agency that maintains brokers' adherence to governing laws and regulations) arbitration. Unknown to me this lawyer placed a video on a social network seeking investors who lost money in the few bad investments. Clients from overseas saw the video and contacted me; this was the first time I knew I was being sued. I was then served with an arbitration hearing; I was one of a total of four parties defendants. Meanwhile, I lost my licenses to operate as a broker in various states. For two years I wasn't able to earn an income. The video drew additional unhappy clients to start additional arbitrations. I've prevailed in these other written and verbal complaints against me and FINRA found me not guilty of these other allegations. I just finished defending myself against the 40 complainants. The complainants settled by accepting a $5,000 monetary payment by me, and stating I was never guilty. Can i sue?
Generally, you have to prove that the allegations were a) without merit, and b) he knew whatever statements in the video were also without any merit.
That's not the same situation as his argument (You trespassed on someone's property) failing to overcome yours (because you were being chased by a bear). You basically have to show the lawyer said something he knew at the time, with nearly 100% certainty, wasn't the case. And that said statement caused you a specific dollar amount in damages.
Based on the above fact pattern, it appears any lawsuit by you might be a tough mountain to climb,
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