Dale Hayes, Hayes Wakaya LLC and the Hayes Law Firm LLC have settled with the Profit Connect Receiver for $890,000.
Hayes and associated law firms assisted Brent and Joy Kovar with defending
the SEC’s Profit Connect lawsuit
. That representation
came to an end
in August 2021.
In November 2023 the Profit Connect Receiver filed a legal malpractice suit against Hayes (right) and the associated firms.
The Legal Malpractice Lawsuit followed the Receiver’s allegation that Hayes, the former attorney of Profit Connect conspired to commit fraud with or negligently failed to prevent fraud from being committed by officers of Profit Connect.
In the Legal Malpractice Lawsuit, the Hayes Defendants were alleged to have directly participated, either knowingly or unknowingly, in the scheme to defraud people throughout the United States into investing over $22,000,000.00 in what turned out to be the Profit Connect Ponzi scheme.
Mediation between the parties took place in October 2025, resulting in an $890,000 settlement.
The Receiver file a motion seeking approval of a settlement with Hayes on January 6th. The court approved the settlement on January 27th.
The Receiver’s malpractice lawsuit was dismissed on March 3rd, bring proceedings against Hayes to an end.
🤖 Quick Answer
What was the settlement amount between Dale Hayes and the Profit Connect Receiver?Dale Hayes, Hayes Wakaya LLC, and the Hayes Law Firm LLC settled with the Profit Connect Receiver for $890,000. The settlement resolved a legal malpractice lawsuit filed in November 2023, which alleged that Hayes and his associated firms either knowingly or unknowingly participated in a scheme to defraud Profit Connect investors.
What was the basis of the legal malpractice lawsuit against Dale Hayes?
The Profit Connect Receiver alleged that Hayes, as former attorney for Profit Connect, conspired to commit fraud with company officers or negligently failed to prevent fraud. The lawsuit claimed Hayes and his associated firms directly participated, either knowingly or unknowingly, in the scheme that harmed investors.
What was Dale Hayes's role in the Profit Connect case?
Dale Hayes and his associated law firms represented
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