Banking & Finance

  • Handled a matter involving an SEC receiver and eight foreign banks and the cash custodian for a private equity fund which raised over $1 billion through a series of debt offerings through offshore special purpose entities, then looted the funds through multiple means. The matter was resolved with a high eight figure settlement.

  • Handled a matter involving 11 broker-dealers in a national class action seeking to compel the payment of interest on free credit balances and to enjoin account transfer practices that have been approved by the SEC, alleging that class damages exceeded $1 billion.

  • Handled a matter arising from the operation of a commercial loan underwriting, servicing and funding company involved in a Ponzi scheme fraud in the magnitude of hundreds of millions of dollars, related to piercing a sham trust and recover million in damages from several co-conspirators involved in real estate projects, including claims of breach of fiduciary duty, fraud, negligent misrepresentation, conversion and conspiracy.

  • Handled a matter involving a customer of a securities broker that was involved in a $50 million charitable gift annuity fraud scheme. A promoter transferred donated stocks and bonds into a brokerage account to liquidate them and rapidly transfer the funds out to other financial institutions. The promoter told the victims that the broker was managing their money, when it was not.

  • Handled related matters involving two broker-dealers, officers and directors, investors and a law firm arising from asset-backed promissory notes related to pools of ATMs that were to have been placed in bankruptcy proof special purpose entities, generating streams of income from swipe fees to pay the debt, which were eventually looted causing $30 million in losses.

  • Handled a matter where a mezzanine lender brought a real estate finance enforcement action against a real estate land developer and its managing members for breach of contract on loans and guaranties, as well as tort claims, and the developers counterclaimed alleging lender liability and oral agreements extending and modifying the loans.

  • Handled related matters in which a money transmitter was alleged to have engaged in aiding and abetting money laundering relating to cross border money transfers between persons in the U.S. and persons in several states in northern Mexico.

  • Handled a matter involving a large investor alleging securities fraud and negligent misrepresentation by a Los Angeles Koreatown bank and its officers and directors relating to alleged misleading financial statements and financial disclosures.

  • Handled a matter where national brokerage firm serving as a clearing broker brought an action against the founders of a failed local brokerage and one of its customers, alleging that the local firm had breached its contractual responsibilities and that its officers and directors had been negligent in failing to conduct financial due diligence on a margin account customer.

  • Handled a matter where investors alleged fraud and racketeering against a savings and loan association relating to alleged loan origination fraud involving securitized mobile home loans.

  • Handled a matter involving a securities broker which had promoted an Irish pharmaceutical company to its customers which suffered a major drop in stock price when several clinical trials produced unfavorable results.

  • Handled a matter between a brokerage house and a customer and her financial adviser involving trading by the financial adviser in stock index options with the customer alleging churning and unsuitable investments and seeking $5 million in damages.

  • Handled a matter related to a securities fraud and bank fraud scheme perpetrated by the chief executive of a federally-insured credit union.

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Prior results do not guarantee a similar outcome.

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