SECURITIES

Pier 1 Sues Goldinger, Brokerage: The lawsuit accuses money manager Jay Goldinger and his firm of poor investments in which the Fort Worth-based company eventually lost $19.3 million. Pier 1 Imports alleged in the suit that Goldinger had a “twisted variation of a Ponzi scheme” in which he shifted funds from clients’ accounts to hide huge losses from trading in speculative futures. Last week the company fired its chief financial officer, Robert G. Herndon, saying he had failed to monitor and control the investments. Pier 1 also accuses Goldinger and his Capital Insight Brokerage of Beverly Hills of fraud, negligence and conspiracy. The company seeks an unspecified amount of actual and punitive damages, attorneys’ fees and court costs. Goldinger and Brian O’Neill, his Los Angeles lawyer, did not respond to telephone messages seeking comment.