Wilshire Palisades
Securities & Business Law

Litigation Wins

Court Room

While some say that the only thing certain about litigation is its uncertainty, we have a SUPERB record of success. This has allowed us to realize our firm philosophy - DELIVERING EXCELLENT RESULTS in the most EFFICIENT manner. Among our recent SUCCESSES are:

  • Our client, a London-based apparel distributor, was sued for $1 million for breach of an exclusive distribution agreement. We counterclaimed for $1.97 million for breach of the agreement. After a two week binding international arbitration we won an award of $1.97 million for our client, and got a defense award on the claimant's claim.
  • Successful prosecution of litigation on behalf of holder of restricted stock valued at over $2.5 million against issuer refusing to permit removal of restrictive legend on the stock. Through this and other cases, our firm has developed a special expertise involving restricted stock, SEC Rule 144, and stock transfer agent law.
  • Co-lead counsel in lawsuit against a national broker-dealer, certified on behalf of investors who purchased stocks under a "commission-free" trading program during the years 1993-1997. After a three-week trial, the case settled during jury deliberations for $21 million, which represented a recovery of over 115% of the class' net out-of-pocket losses.
  • Our client was sued by an insurance carrier for $500,000.00 for back premiums. After formulating and implementing a successful challenge before the Department of Insurance, our client paid a very nominal amount in settlement of the claim.
  • Successful prosecution and resolution of "cyber-smearing" case involving defamation against our client on the Internet.
  • Successful defense of a breach of contract suit filed against a telecommunications company. Before we were retained as counsel, our client had offered a six-figure settlement, which the plaintiff rejected. After we undertook the representation, the plaintiff agreed to settle the matter for a complete walk-away. Our client paid the plaintiff nothing.
  • Victorious defense in arbitration of securities related breach of contract claim for $1.5 million on behalf of publicly-traded company, with potential recovery of all attorney fees incurred by the defendant.
  • Lead counsel in a class action certified on behalf of investors who bought stock in a private placement offering. The case settled before trial for a recovery of over 80% of the investors' out-of-pocket losses.
  • Successful defense of a securities class action on behalf of an individual director of a publicly-traded company, in an action filed in state court. We acted as lead defense counsel in defeating plaintiff's motion for class certification.
  • Successfully represented several individuals and entities in matters against the Securities and Exchange Commission. In one case, we prevailed at trial on behalf of a broker-dealer sued by the SEC in an administrative enforcement action. In several other cases, we negotiated waivers of civil penalties and disgorgement.

Wilshire Palisades Law Group, P.C.
1337 Ocean Avenue
Suite A
Santa Monica, California 90401
Telephone: (310) 393-4929
Facsimile: (310) 393-5438
E-mail: [email protected]

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