Protecting Investors Nationwide
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Arbitration and Litigation

DEUTSCH & LIPNER
REPRESENTATIVE CASES

Limited Partnership Arbitration/Litigation - Throughout the early 1990s, Deutsch & Lipner represented over 100 victims of Prudential-Bach Securities fraudulent Limited Partnership sales. Collectively, millions of dollars was recovered on behalf of these investors by Deutsch & Lipner. In addition, Deutsch & Lipner represented hundreds of victims of Merrill Lynch's Limited Partnership sales, often in court proceedings designed to prevent these individuals from arbitrating their claims with Merrill. In case after case, and in numerous appeals, Deutsch & Lipner was almost invariably successful in these efforts.

Representing Families -- McCarthy v. Neuberger Berman - The McCarthy family money (held individually and in trusts) was managed by Neuberger-Berman. The manager, however, invested the moneys in a risky portfolio. Neuberger's defense was that if one looked at entire period of management (going back to 1982), the McCarthy family made millions (even including the millions lost between 2000 and 2002). Successfully asserting the existence of a fiduciary duty and a shorter "measuring period", the award was in excess of $1 million

Representing Widows -- Fitzgerald v. Citibank Investment Services - When Mr. Fitzgerald passed away, Mrs. Fitzgerald turned to the son of a friend - a broker at Citibank. That broker sold her an inappropriate variable annuity and a large quantum of in-house "B" share mutual funds. The annuity portion of the case brought Ms. Fitzgerald a full compensatory award of $45,000. Thereafter Deutsch & Lipner together with its co-counsel Labaton, Sucharow, were appointed lead counsel for plaintiffs in the federal class action involving over 200 of Citigroup's proprietary mutual funds. That case is still pending.

Protecting the Elderly -- Hildegard Lash v. Prudential Securities - In 1994 and 1995, Deutsch & Lipner represented the Estate of Hildegard Lash. Mrs. Lash, a holocaust survivor, was fleeced by a family friend with the assistance of a broker/manager at Prudential. Thefts by the family friend (through the Prudential account) amounted to several hundred thousand dollars, and there were $200,000 in option-related losses. Despite the fact that the thefts and losses totaled only $600,000, the award was in excess of $1 million. Because Mrs. Lash had no surviving heirs, the award was used to fund the Hildegard Lash Foundation, which awards college scholarship to parentless youth.

Representing Executives and Businesspeople -- Weingarten v. Merrill Lynch - in 2001 and 2002, Deutsch & Lipner represented Robert Weingarten, a former senior vice president of Exodus Communications. Mr. Weingarten had received millions of dollars in Exodus employee stock stock options (ISOs and NQOs), but had received horrible advice from a young, aggressive Merrill broker as to how to deal with them. After a 4-day arbitration, the Weingartens were awarded $3 million, the first such award involving employee stock options

Representing Employees -- WorldCom optionees and UPS shareowners: Beginning in 2002, Deutsch & Lipner represented over twenty individuals who were employed by MCI/Wordcom or its predecessors. These individuals had been granted employee-stock options, but then received negligent and conflicted advice from Salomon Smith Barney.

In 2005, Deutsch & Lipner began representing UPS employees and former employees who held large blocks of UPS stock. These UPS employees were persuaded by brokers from various firms, including Merrill Lynch and MSDW, to engage in a strategy involving the sale of options. When UPS stock rose, those short option positions became very large, and the employees were required to buy them back at very high prices or surrender their valuable shares at less-than-market prices. In Weyrauch v. Merrill Lynch - the first such case to go to arbitration, the award was over $900,000, plus attorneys fees

Representing Foreign Investors - Marshall Realty v. MSDW In 2003 and 2004, Deutsch & Lipner represented this Singapore entity in a claim against Morgan Stanley. Marshall Realty was the family-investment vehicles of a wealthy merchant family in Singapore. The family's representative was trained as a barrister at the Middle Temple, and had been a successful international businessman. Unfamiliar with U.S. stocks, he invested at the recommendation of a Singapore office of Morgan Stanley. Despite his education and past experience of its principal, the award to Marshall Realty was several hundred thousand dollars.