Choose A Lawyer With A Record For Success
Before you choose an attorney to represent you, you deserve to know how they can help you. An attorney with a proven track record of success is more likely to provide you with the representation and commitment you need from your lawyer. Here at Law Offices of Cary S. Lapidus, that is exactly the kind of representation you receive from Mr. Lapidus.
Since entering private practice in 1986, Cary S. Lapidus has represented numerous investors in American Arbitration Association, Pacific Stock Exchange and NASD arbitrations against most of the nation’s major securities brokerage firms in matters involving market manipulation, investment losses, churning, unsuitable recommendations, employee stock options, unauthorized trades, and misrepresentations and omissions of material facts – obtaining settlements, awards and judgments on their behalf in excess of $30 million.
Awards And Settlements Over $1,000,000 (partial)
Levinthal v. First Republic Securities Company, LLC
The Law Offices of Cary S. Lapidus recovered $2.17 million for clients who sustained losses in a complex municipal arbitrage bond fund. The clients alleged that the fund was unsuitable for them and that the firm that recommended and sold the investment had failed to perform proper due diligence. The award is notable for awarding the full amount of the clients’ damages, including out-of-pocket losses and arbitration expenses.
$1.84 million (including $1 million in punitive damages and interest)
Smurzynski v. Kensington Wells, Inc., et. al.
The Law Offices of Cary S. Lapidus obtained an arbitration award of $1.84 million including $1 million in punitive damages and interest for clients who alleged that the stocks they invested in were manipulated and that material facts were misrepresented to them.
Hall v. Morgan Stanley Dean Witter, et. al.
The Law Offices of Cary S. Lapidus obtained an arbitration award of $1.76 million for clients who sustained losses in a complex investment known as a Prepaid Variable Forward Contract. The clients also alleged the recommendation of unsuitable investments in their stock portfolio.
$1.56 million (plus attorneys fees and expenses)
WCM, LLC v. Cooper
The Law Offices of Cary S. Lapidus obtained an award of $1.56 million on behalf of a registered investment advisory firm and two of its partners who retained Mr. Lapidus to recover money allegedly misappropriated by one of their partners. In addition to the $1.56 million monetary award, Mr. Lapidus’ clients were awarded their attorneys’ fees and expenses. The arbitrator also found that the firm’s expulsion of the partner was “For Cause.”
Pacific Stock Exchange v. Cox Securities, et. al.
The Law Offices of Cary S. Lapidus obtained an award of $1.54 million on behalf of the Pacific Stock Exchange who retained Lapidus as special counsel to prosecute the case. In addition to the monetary award, Mr. Lapidus obtained a decision that ordered the permanent bar of the Pacific Exchange member from membership with the Pacific Stock Exchange.
Breiman v. Round Hill Securities, Inc. et. al.
The Law Offices of Cary S. Lapidus obtained an arbitration award of $1.44 million on behalf of clients who alleged fraud, breach of fiduciary duty and misrepresentations in connection with their securities portfolio.
Teller v. Denison
The Law Offices of Cary S. Lapidus obtained an arbitration award of $1.3 million, including in excess of $349,000 in attorneys’ fees and costs on behalf of a client who alleged a breach of contract in connection with the private sale of securities.
Coutant v. Morgan Stanley Dean Witter, et. al.
The Law Offices of Cary S. Lapidus obtained an arbitration award of $1.01 million on behalf of clients who alleged that their securities brokerage firm failed to diversity their account, placed them in unsuitable investments and misrepresented the risks of options trading.
Castillo v. Southwest Securities, Inc.
The Law Offices of Cary S. Lapidus obtained an arbitration award that ordered the expungement of language on a Form U-5 to reflect the true reason for an employee’s termination from a securities brokerage firm.
Zeigon v. First Republic Securities Co.
$870,631 on behalf of a client who was the former president of Wall Street banks who alleged the unsuitable recommendation of collateralized debt obligations and a complex municipal arbitrage bond fund.
Kay v. Stone & Youngberg
$750,000 on behalf of a client who alleged that the investment firm that recommended a fund failed to do proper due diligence before making the recommendation. The award is notable because it is one of the few cases in which an investor obtained a recovery from an investment firm which recommended an investment in a Madoff feeder fund. The arbitrators awarded the clients the full amount of their loss. This case was appealed by Stone & Youngberg to the U.S. District Court and then to the 9th U.S. Circuit Court of Appeeals. Lapidus represented the client on each level of the appeals and prevailed at each level.
Dubois v. Morgan Stanley
$750,000 on behalf of a client who alleged that his securities brokerage firm failed to implement a protective hedging strategy that resulted in losses to his stock portfolio. The client also alleged the recommendation of unsuitable investments.
Mitchell v. Murphy Investment
$699,289 on behalf of investors who alleged that their investment adviser recommended unsuitable investments.
Roth v. GKN Securities
$582,215 (rescission value) on behalf of an investor who alleged that his securities brokerage firm did not give him a fair opportunity to meet a margin call. The award is notable because it is one of the few cases in which a client successfully recovered money against a securities brokerage firm for the sale of securities in connection with a margin account.
Safrin v. Essakow
$553,714, including an award of $500,000 in punitive damages on behalf of an investor who alleged that her broker made misrepresentations and engaged in a scheme to defraud her.
Bourdev v. JPMorgan Chase
$350,000 on behalf of a registered representative/banker who was terminated from JPMorgan Chase. After a full evidentiary hearing, a FINRA arbitration panel awarded $350,000 in compensatory damages for defamation and/or wrongful termination and ordered that the language on her Form U-5 be changed to reflect that she did not engage in any wrongdoing and that the company conducted a deficient investigation.
Misha v. Stone & Youngberg
$250,000 against Stone & Youngberg on behalf of an investor who alleged misrepresentations and omissions and the recommendation of an unsuitable investment in a complex municipal arbitrage bond fund.
Farley v. Blatt
$204,886 on behalf of a client who was an NFL football player. The client alleged that his investment adviser/sports agent and securities broker recommended an unsuitable tax shelter investment. The arbitrators awarded a full recovery plus punitive damages and attorneys’ fees. Lapidus represented the client in the appeal of this case and the arbitration award was upheld.
Yost v. Baldwin Capital
$200,000+ on behalf of clients who were employees of a securities brokerage firm. The claims involved breach of contract and claims for employment compensation
Van Hees v. Cowen & Co.
$191,694 plus interest on behalf of a client who was a research analyst for a major Wall Street securities firm. The client alleged that the firm terminated her to avoid having to pay her a bonus. The arbitrators awarded the client the full amount of her bonus.
Karel v. Prudential Securities
$170,132 on behalf of clients who alleged that their securities brokerage firm recommended an unsuitable limited partnership investment.
Burns v. Prudential Securities
$154,703 on behalf of a client who alleged that his securities brokerage firm recommended an unsuitable investment.
Jensen v. Prudential Securities
$112,000 on behalf of an investor who alleged that his securities brokerage firm made misrepresentations and omissions and recommended an unsuitable investment.
Bridges v. Paine Webber
$101,614 on behalf of an investor who alleged the recommendation of unsuitable investments.
In addition to the above awards, the Firm has obtained tens of millions of dollars in settlements.
Experience The Success For Yourself
Let an attorney who is experienced in expungement, defamation, termination, and compensation disputes fight for you. For your free initial consultation, call 415-296-7101 or click this link for assistance with securities arbitration law, securities litigation, broker misconduct, investment adviser misconduct and investment losses.