Protecting Investors Nationwide
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Arbitration and Litigation

ABOUT THE FIRM

Deutsch & Lipner is a law firm that was formed in 1985. Its principals are Herbert M. Deutsch and Seth E. Lipner. Stuart C. Goldberg is Senior Counsel. Collectively, Messrs. Deutsch, Lipner and Goldberg have over seventy years experience practicing extensively in securities arbitration and related litigation.

Herbert M. Deutsch is a graduate of Cornell University and the Law School at the University of Southern California. Before Deutsch & Lipner was formed, Mr. Deutsch was affiliated with law firms that advised, developed and drafted limited partnership agreements. In addition to his work in securities, Mr. Deutsch also represents individual and corporate clients in real estate, tax and general legal matters. Mr. Deutsch has appeared on CNN and has been quoted by the New York Times and Bloomberg News Service on several occasions with regard to legal actions involving Merrill Lynch.

Seth E. Lipner is Professor of Law at the Zicklin School of Business of Bernard M. Baruch College in New York City. Mr. Lipner is the author of numerous scholarly articles and law books on fields as diverse as international trade law, securities arbitration, and law and technology. As a member of Deutsch & Lipner, Mr. Lipner focuses his practice on representing investors and other individuals with grievances against providers of financial services. The balance of Mr. Lipner's practice is federal and state court litigation.

Mr. Lipner served as President of the Public Investors Arbitration Bar Association (PIABA) in 2000-01 as well as in 1994-95, and has served as Secretary to the organization and on its Board of Directors since the organization's inception in 1990, and now holds the title "Director Emeritus". He has appeared on CNN, NPR, BBC and the Wall Street Journal Report, and has been quoted in publications such as Forbes, Business Week, Newsweek, the Wall Street Journal, the New York Times, Newsday, the New York Law Journal and the National Law Journal. His essay, "The Case Against Restitution," was published on the Op-Ed page of The New York Times on May 2, 2003. Mr. Lipner speaks often to bar groups, and in continuing legal education programs, including the New York State Bar Association, Association of the Bar of the City of New York, Practicing Law Institute and PIABA. He was one of three (3) nominees for "Lawyer of the Year" by Compliance Reporter, an industry trade publication.

Mr. Lipner publishes extensively on various aspects of law and arbitration, particularly on issues involving arbitration administered by FINRA.  The text of many articles is accessible on this website.  Mr. Lipner's encyclopedic treatise, Securities Arbitration Desk Reference (written together with Emeritus Professor Joe Long) is available from Thomson/West.  http://west.thomson.com/store/product.aspx?4=142198&product_id-40454898.  The blog of a leading securities arbitration law firm describes the book: "Professors Seth Lipner and Joe Long have put together an essential reference book which all attorneys should bring to the hearing".

Until 2001, Mr. Lipner served on the Board of Editors of Securities Arbitration Commentator.  After that he served as contributing editor the the PIABA BAR JOURNAL.  He served on the National Arbitration and Mediation Committee of the NASD from 1998 to 2002.

In addition to representing clients in securities arbitrations and litigation, Mr. Lipner argued the three latest cases in the New York Court of Appeals concerning investors- rights in arbitration: Smith Barney v. Luckie, Smith Barney v. Sacharow and Kidder Peabody v. Sanders. He has authored several amicus curiae briefs on behalf of investors, including the PIABA brief in Mastrobuono v. Shearson Lehman. Mr. Lipner also acted as lead counsel on behalf of the investors in the Adler Coleman bankruptcy, the largest proceeding ever against SIPC.

Stuart C. Goldberg is the dean of securities arbitration. The author of many leading books and treatises, he is best known for his large victories over Prudential Securities in cases involving the limited partnership scandals of the 1990s. In addition to 35 years as an attorney, he is an accountant, a former U.S. prosecutor, and a former law professor, and holder of numerous aviation records. Mr. Goldberg's latest securities related book is entitled "PIABA's 2001 Practice Guide to NASD Discovery and Pre-Hearing Proceedings." In 1990, Mr. Goldberg founded PIABA, and became its first president and inspirational leader. Mr. Goldberg's web-site is publicinvestorsattorney.com

In March 2002, Messrs. Lipner and Goldberg won $3 million for a client in a case against Merrill Lynch. It was the first such award in a case involving losses from employee stock options.