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

Profile

Cary_Lapidus Cary S. Lapidus is an inactive California attorney whose former practice was concentrated in investment cases and securities arbitration. He has received the highest rating (A.V.) from the legal publication Martindale-Hubbell, and has been recognized as a Northern California Super Lawyer since 2010. Mr. Lapidus has been quoted in Newsweek, Forbes, The Wall Street Journal, The New York Times, The San Francisco Chronicle, The San Jose Mercury News, TheStreet.com and other national publications.

Mr. Lapidus was a staff attorney with the U.S. Securities and Exchange Commission's Division of Enforcement and Division of Market Regulation, where he prosecuted cases involving broker-dealer abuses, market manipulation, management and financial reporting fraud, ponzi schemes, and insider trading. Mr. Lapidus graduated with distinction from the University of Virginia, and obtained his Juris Doctorate degree from Boston University School of Law.

Results

Mr. 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. The cases have involved market manipulation, churning, unsuitable recommendations, employee stock options, unauthorized trades, and misrepresentations and omissions of material facts.

Since leaving the Securities and Exchange Commission, Enforcement and Market Regulation Divisions in 1986, Cary S. Lapidus has obtained dozens of settlements, awards and judgments on behalf of his clients.

Expertise and Leadership

For over 15 years, Mr. Lapidus has educated other attorneys and experts in a broad range of securities and arbitration issues, including:

featured speaker, American Arbitration Association ("Evidence and Persuasion in Securities Arbitrations");
panelist, National Association of Securities Dealers ("Punitive Damages in Arbitration");
speaker, Bar Association of San Francisco ("The Availability of Punitive Damages in Securities Arbitration");
speaker, NASD Securities Conference("Damages in Arbitration - Arbitrator's Duty to Follow the Law");
panelist, Practicing Law Institute, Securities Arbitration Seminar ("Should Arbitrators Apply New York Law In Face Of A New York Choice-Of-Law Provision").

As an active participant in the training of arbitrators for securities disputes for the American Arbitration Association, Mr. Lapidus also co-authored "Securities Arbitrator Training & Role-Playing Scenarios".

Mr. Lapidus has also:

served on the Board of Directors of the Public Investors Arbitration Bar Association (PIABA), a national organization of attorneys who represent investors in arbitrations against securities brokerage firms;
served on the NASD's National Arbitration and Mediation Committee (NAMC, 3 year term), which is comprised of 14 leading securities attorneys and securities industry professionals from across the country;
served as an arbitrator for the American Arbitration Association, Pacific Stock Exchange and the NASD;
been a member of the American Arbitration Association's National Securities Advisory Committee and the NASD Regional Arbitrator Recruitment Counsel;
testified before the Securities Industry Conference On Arbitration ("Representation Of Parties In Arbitration By Non-Attorneys"), and before the Ruder Commission.

The information on this website is for general information purposes only. Nothing on this or assoicated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, and attorney-client relationship. Cary S. Lapidus is an inactive member of the California State Bar and does not render legal advice nor provide legal services of any kind.


	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. 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. 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. 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. Dozens of settlements and awards on behalf of clients Cary S. Lapidus has obtained dozens of settlements, awards and judgments on behalf of his clients since leaving the Securities and Exchange Commission, where he worked in the Enforcement and Market Regulation Divisions. 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. 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 Profile Services Case Results Reviews In The News 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		Profile Cary S. Lapidus is an inactive California attorney whose former practice was concentrated in investment cases and securities arbitration. He has received the highest rating (A.V.) from the legal publication Martindale-Hubbell, and has been recognized as a Northern California Super Lawyer since 2010. Mr. Lapidus has been quoted in Newsweek, Forbes, The Wall Street Journal, The New York Times, The San Francisco Chronicle, The San Jose Mercury News, TheStreet.com and other national publications. Mr. Lapidus was a staff attorney with the U.S. Securities and Exchange Commission's Division of Enforcement and Division of Market Regulation, where he prosecuted cases involving broker-dealer abuses, market manipulation, management and financial reporting fraud, ponzi schemes, and insider trading. Mr. Lapidus graduated with distinction from the University of Virginia, and obtained his Juris Doctorate degree from Boston University School of Law. Results Mr. 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. The cases have involved market manipulation, churning, unsuitable recommendations, employee stock options, unauthorized trades, and misrepresentations and omissions of material facts. Since leaving the Securities and Exchange Commission, Enforcement and Market Regulation Divisions in 1986, Cary S. Lapidus has obtained dozens of settlements, awards and judgments on behalf of his clients. Expertise and Leadership For over 15 years, Mr. Lapidus has educated other attorneys and experts in a broad range of securities and arbitration issues, including: featured speaker, American Arbitration Association ("Evidence and Persuasion in Securities Arbitrations"); panelist, National Association of Securities Dealers ("Punitive Damages in Arbitration"); speaker, Bar Association of San Francisco ("The Availability of Punitive Damages in Securities Arbitration"); speaker, NASD Securities Conference("Damages in Arbitration - Arbitrator's Duty to Follow the Law"); panelist, Practicing Law Institute, Securities Arbitration Seminar ("Should Arbitrators Apply New York Law In Face Of A New York Choice-Of-Law Provision"). As an active participant in the training of arbitrators for securities disputes for the American Arbitration Association, Mr. Lapidus also co-authored "Securities Arbitrator Training & Role-Playing Scenarios". Mr. Lapidus has also: served on the Board of Directors of the Public Investors Arbitration Bar Association (PIABA), a national organization of attorneys who represent investors in arbitrations against securities brokerage firms; served on the NASD's National Arbitration and Mediation Committee (NAMC, 3 year term), which is comprised of 14 leading securities attorneys and securities industry professionals from across the country; served as an arbitrator for the American Arbitration Association, Pacific Stock Exchange and the NASD; been a member of the American Arbitration Association's National Securities Advisory Committee and the NASD Regional Arbitrator Recruitment Counsel; testified before the Securities Industry Conference On Arbitration ("Representation Of Parties In Arbitration By Non-Attorneys"), and before the Ruder Commission.
Results \| Profile \| Services \| Reviews \| News \| Contact Us \| Home The information on this website is for general information purposes only. Nothing on this or assoicated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. This information on this website is not intended to create, and receipt or viewing of this information does not constitute, and attorney-client relationship. Cary S. Lapidus is an inactive member of the California State Bar and does not render legal advice nor provide legal services of any kind.
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