Pacific Stock Exchange v. Cox Securities, et. al. ⇒ $1.54 million

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, Lapidus obtained a Decision ordered the permanent bar of the Pacific Exchange member from membership with the Pacific Stock Exchange.

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“Cary Lapidus is probably the most well prepared attorney with whom I have ever dealt. He has excellent judgment and understanding of the law. Most important of all, he is highly ethical and those who deal with him know that his word is his bond.“
Paul Dubow
Opposing Counsel & Mediator in Six Cases

In The News

LEGAL LESSONS
Herb Greenberg
San Francisco Chronicle
March 27, 1995

It may not always pay to fight city hall, but if you're among the thousands of investors who lost millions by investing in several Prudential Securities limited partnerships back in the 1980s, it may have paid to fight Prudential. Most investors have merely accepted whatever Prudential is willing to pay as a settlement.
But as San Francisco securities attorney Cary Lapidus discovered, fighting has paid off -- at least for two of his clients. Eight years ago the two sisters, one of whom lives in Mill Valley, invested $109,000 in two Prudential partnerships thinking they were conservative investments. They received an arbitration award of $113,421. When combined with the $90,000 in distributions they already received, the payout not only gives them back their money, but it results in an annual return of 10 percent for the period the women have owned the partnerships.
Lapidus figures that had they merely made an offer, and accepted whatever Prudential offered, they would have received $18,000, plus attorneys fees. Attorneys fees were covered in this settlement.

Please contact us for assistance with securities arbitration law, securities litigation, broker misconduct, investment advisor misconduct and investment losses.



	Pacific Stock Exchange v. Cox Securities, et. al. ⇒ $1.54 million 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, Lapidus obtained a Decision ordered the permanent bar of the Pacific Exchange member from membership with the Pacific Stock Exchange. Coutant v. Morgan Stanley Dean Witter, et. al. ⇒ $1.01 million 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. Teller v. Denison ⇒ $1.3 million 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. Hall v. Morgan Stanley Dean Witter, et. al. ⇒ $1.76 million 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. Bourdev v. JPMorgan Chase ⇒ $350,000 + revision of Form U-5 language $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. WCM, LLC v. Cooper ⇒ $1.56 million (plus attorneys fees and expenses) 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 Lapidus to recover money allegedly misappropriated by one of their partners. In addition to the $1.56 million monetary award, Lapidus' clients were awarded their attorneys' fees and expenses. The arbitrator also found that the firm's expulsion of the partner was "For Cause". Levinthal v. First Republic Securities Company, LLC ⇒ $2.17 million 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. Smurzynski v. Kensington Wells, Inc., et. al. ⇒ $1.84 million (including $1 million in punitive damages and interest) 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. Breiman v. Round Hill Securities, Inc. et. al. ⇒ $1.44 million 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.
site navigation Attorney Profile Practice Areas Case Results Testimonials In The News Current Interest Contact Info Home Page “Cary Lapidus is probably the most well prepared attorney with whom I have ever dealt. He has excellent judgment and understanding of the law. Most important of all, he is highly ethical and those who deal with him know that his word is his bond.“ Paul Dubow Opposing Counsel & Mediator in Six Cases		In The News LEGAL LESSONS Herb Greenberg San Francisco Chronicle March 27, 1995 It may not always pay to fight city hall, but if you're among the thousands of investors who lost millions by investing in several Prudential Securities limited partnerships back in the 1980s, it may have paid to fight Prudential. Most investors have merely accepted whatever Prudential is willing to pay as a settlement. But as San Francisco securities attorney Cary Lapidus discovered, fighting has paid off -- at least for two of his clients. Eight years ago the two sisters, one of whom lives in Mill Valley, invested $109,000 in two Prudential partnerships thinking they were conservative investments. They received an arbitration award of $113,421. When combined with the $90,000 in distributions they already received, the payout not only gives them back their money, but it results in an annual return of 10 percent for the period the women have owned the partnerships. Lapidus figures that had they merely made an offer, and accepted whatever Prudential offered, they would have received $18,000, plus attorneys fees. Attorneys fees were covered in this settlement. Please contact us for assistance with securities arbitration law, securities litigation, broker misconduct, investment advisor misconduct and investment losses.
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