Attorney Dave Domina is representing a man who, according to his mother-in-law
and sister-in-law, lost $1 million from their investment accounts.
A lawsuit filed in Douglas County District Court alleges that Philip Huston
took control of his mother-in-law and sister-in-law’s investment
accounts, improperly handled the investments, and ultimately caused losses
amounting to more than $1 million. Dave Domina is representing Huston,
and says that his client also lost his own money, and is “sick”
over the losses that resulted from his investment decisions.
According to Domina, Huston invested in an Alabama coal producer who later
filed for bankruptcy. The plaintiffs have filed their lawsuit in order
to recover the money they lost. Because Huston also lost money, they are
asking the judge to order the liquidation of Huston’s assets.
The lawsuit also contends that Huston withdrew money from his mother-in-law
and sister-in-law’s investment accounts without their consent. Domina
disagrees, saying that his client simply made an unwise investment decision
that, sadly, cost everyone money.