DAVID LERNER ASSOCIATES ENERGY 11 LP INVESTOR ALERT: National Investor Fraud Law Firm Continues Investigation of Spirit of America Fund, Energy 11 LP, and Energy 12 LP

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DAVID LERNER ASSOCIATES ENERGY 11 LP INVESTOR ALERT: National Investor Fraud Law Firm Continues Investigation of Spirit of America Fund, Energy 11 LP, and Energy 12 LP

National securities fraud law firm, KlaymanToskes (“KT”), continues to investigate (“David Lerner Associates Energy 11 LP Investigation”) David Lerner Associates for the unsuitable concentration in proprietary products invested in non-traded Oil & Gas Investments offered exclusively to its clients.  The concentrated investments include Energy 11 LP, Energy Resource 12 LP, and Spirit of America Fund. In addition to the precipitous loss in value, most of investors’ interest payments are now considered return of capital.

David Lerner Associates Energy 11 LP, Energy 12 LP, and Spirit of America Fund Investigation

The investigation focuses on whether David Lerner Associates failed to supervise the sales and marketing of its proprietary products to risk averse investors, such as retirees or other conservative investors, that were seeking income and capital preservation.  The investigation also focuses on whether David Lerner Associates and its financial advisors misrepresented material facts relating to the risks associated with illiquid, concentrated investments in the Oil & Energy sector and the associated higher fees and costs. According to the Energy 11 LP and Energy Resource 12 LP Prospectus and the Partnership Agreement with the Managing Dealer, the Managing Dealer receives a total of 6% in selling commissions and Dealer Manager Incentive Fees of an amount up to 4% of the gross proceeds of the common units sold based on the Partnership’s performance.

Former and current customers of David Lerner Associates who suffered losses in excess of $100,000 due to investments in Energy 11 LP, Energy 12 LP, or Spirit of America Fund are encouraged to contact Lawrence L. Klayman, Esq., at (561) 542-5131, and download our Special Investor Report.

About Klayman Toskes

KT is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm represents high net-worth, ultra-high-net-worth, and institutional investors, such as non-profit organizations, unions, public and multi-employer pension funds. KT has office locations in California, Florida, New York, and Puerto Rico.

Contact

KlaymanToskes
Lawrence L. Klayman, Esq.
(561) 542-5131
lklayman@klaymantoskes.com
www.klaymantoskes.com

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