April 3, 2009
Amid Downturn, Law Students Give Aggrieved Investors a Day in Court
Cru Ulrich doesn't pretend to be a financial-planning expert. But when an elderly couple turned to his law school's Investor Justice Clinic for help, he knew enough to be outraged.
The second-year law student at the University of San Francisco is trying to help the couple recover a significant chunk of their nest egg, which disintegrated when a broker talked them into investing $100,000 of it in risky bonds that wouldn't mature for 30 years.
Within four months, their portfolio's