Securities Litigation

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Lindquist’s Securities and Financial Litigation Group represents brokerage firms, brokers, customers, shareholders, banks, financial institutions, and others in a wide variety of complex commercial cases, including those involving investment, securities-related, fraud, and fiduciary issues. These matters have included prosecuting and defending the following types of claims:

  • Securities fraud;
  • Employee Retirement Income Security Act (ERISA);
  • Racketeer Influence and Corrupt Organizations Act (RICO);
  • Unsuitable trading;
  • Unauthorized trading;
  • Churning of customers’ accounts;
  • Market manipulation;
  • Employment issues;
  • Shareholder disputes;
  • Clawback litigation; and
  • Special Litigation Committee (SLC) investigations.

The forum for resolution of these claims includes litigation, arbitration before FINRA and other panels, regulatory proceedings, and mediation. In addition to arbitration and litigation matters, Lindquist’s Securities and Financial Litigation Group counsel clients in regulatory compliance and represent clients in administrative and regulatory matters, including investigations conducted by governmental and self-regulatory organizations.

  • Defended broker dealers and financial representatives in over 70 completed FINRA customer arbitrations involving allegations of unsuitability, fraud and breach of fiduciary duty.
  • Prosecuted more than 35 broker promissory note arbitrations, many of which included defending against claims of unlawful termination.
  • Obtained complete defense verdict from jury in seven-day trial for defendant credit purchaser facing allegations of securities fraud, negligence and theft.
  • Obtained very favorable settlement in representing national brokerage firm defendant in $200 million stock lending case.
  • Negotiated successful settlement with the SEC on behalf of an individual in a multi-million dollar insider trading case.
  • Successfully represented high net worth client in a FINRA arbitration against broker/dealer to recover excessive fees and damages associated with the purchase of unsuitable securities. Following lengthy arbitration, FINRA panel found in favor of the customer and sanctioned the broker-dealer.
  • Successfully represented broker-dealers seeking to recover in excess of $75 million in a series of high-profile complex securities litigation cases stemming from a securities fraud scheme that involved more than $220 million in total losses. Obtained very successful settlement shortly before trial.
  • Successfully defended securities issuer by obtaining early dismissal of securities fraud claims and various common law claims in state court.
  • Obtained complete dismissal of claims alleging wrongful and retaliatory termination and defamation against individual broker clients after five-day FINRA arbitration hearing such that client brokerage firm declared “total vindication.”
  • Successfully defended brokerage firm in series of securities lawsuits venued in Oregon state court and FINRA arbitration related to the sale of Tenant-In-Common (“TIC”) investments.
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