The firm and Weiss allegedly failed to conduct appropriate due diligence when recommending that a client invest in a Polish company that claimed to have patents on a cigarette filter that uses rosemary extract.
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Advisory firm Family Endowment Partners and Lee Weiss, who is a managing partner at the firm, have been hit with a $48 million judgment from an arbitrator. So reports the Boston Business Journal.
The firm and Weiss allegedly failed to conduct appropriate due diligence when recommending that a client invest in a Polish company that claimed to have patents on a cigarette filter that uses rosemary extract.