Mitchell v. Murphy Investment
N/AOUTCOME: $699,289 Award
$699,289 Award on behalf of investors who alleged that their investment adviser recommended unsuitable investments.
Cary Scott Lapidus's Legal Cases (11)
Lawyer
Dubois v. Morgan Stanley
N/AOUTCOME: $750,000 Award
$750,000 award 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 all ... eged the recommendation of unsuitable investments.
Kay v. Stone & Youngberg
N/AOUTCOME: $750,000 Award
$750,000 Award 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 Ninth Circuit Court of Appeals. Lapidus represented the client on each level of the appeals and prevailed at each level.
Zeigon v. First Replublic Securities Co.
N/AOUTCOME: $870,631 Award
$870,631 Award 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 bon ... d fund.
Coutant v. Morgan Stanley Dean Witter, et. al.
N/AOUTCOME: $1.01 million Award
$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 trad ... ing.
Teller v. Denison
N/AOUTCOME: $1.3 million Award
$1.3 million Award, 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.
Breiman v. Round Hill Securities, Inc. et. al.
N/AOUTCOME: $1.44 million Award
$1.44 million Award on behalf of clients who alleged fraud, breach of fiduciary duty and misrepresentations in connection with their securities portfolio.
Pacific Stock Exchange v. Cox Securities, et. al.
N/AOUTCOME: $1.54 million Award
$1.54 million Award 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 per ... manent bar of the Pacific Exchange member from membership with the Pacific Stock Exchange.
Hall v. Morgan Stanley
N/AOUTCOME: $1.76 millionAward
$1.76 million Award 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.
Smurzynski v. Kensington Wells, Inc., et. al.
N/AOUTCOME: $1.84 million Award
$1.84 million Award 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.
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