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About the Firm

Deutsch & Lipner is a law firm that was formed in 1985. Its principals have over seventy years experience practicing extensively in securities arbitration and related litigation. Since its inception, Deutsch & Lipner has represented clients across the country, against virtually every major and regional financial services company, in both arbitration and the courts, in cases involving churning, inadequate disclosure, failed due diligence, unauthorized trading, improper execution, stock manipulation, theft and unsuitability. Deutsch & Lipner has a reputation for dogged advocacy and a willingness to go to trial on meritorious cases. That approach to practicing law – all too rare in today’s sign-em-up-then-settle legal culture, inures to the benefit of all of Deutsch & Lipner’s clients.

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Deutsch & Lipner

Attorneys at Law

1325 Franklin Avenue, Suite 225

Garden City, NY 11530



Recent Cases


In 2015, Deutsch & Lipner won what we believe is the first arbitration involving a U.S. investor who bought Puerto Rico municipal bonds. The award of nearly $100,000 was more than 3 times the investor's out-of-pocket loss. Deutsch & Lipner is currently proscuting and/or investigating similar incidents at Stifel & Nicholaus, Merrill Lynch, Ameriprise and other financial services firms.


In 2014, Deutsch & Lipner won over $5.3 million in Dulin v. UBS (including $1 million in punitive damages), also arising from UBS’s improper marketing of Principal-Protected Notes.


In 2013, Deutsch & Lipner defeated JP Morgan in a case, brought on behalf of an ultra-high net worth international investor, alleging failed execution of an order to liquidate securities held in that investor’s account.


In 2013, Deutsch & Lipner, together with its co-counsel Robbins Geller Rudman, settled Luther v. Countrywide for $500 million. The case was the first class action ever brought (it was started in 2007) involving Residential Mortgage-Backed Securities ("RMBS").


In 2010, Deutsch & Lipner won five arbitration awards against UBS for its sale of Lehman Brothers’ so-called Principal Protected Notes, and another against UBS for its sale of Fannie Mae (FNM) preferred stock.


In 2005, Deutsch & Lipner won over $1 million in an arbitration against Merrill Lynch on behalf of a former employee of United Parcel Service based on inappropriate investment advice.


In 2004, Deutsch & Lipner recovered over $1 million from the prominent investment advisory firm Neuberger Berman based upon mismanagement of client investments


In March 2002, Messrs. Lipner and Goldberg recovered $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.


Areas of Practice

Broker-Dealer Fraud


Investment Advisor Cases


Churning and Excessive Fees


Defective Investment Products


Broker Defamation and Whistleblower Cases


Professional Liability 



Deutsch & Lipner in the News

A Rise in Requests From Brokers to Wipe the Slate Clean


June 10, 2013


“People are starting to use BrokerCheck the way they use TripAdvisor,” said Seth E. Lipner, a professor of law at the Zicklin School of Business at Baruch College...“No broker wants these red flags on their record.”

Ex-UBS Broker Wins $5.3 Million on Withheld Lehman Information

By Kevin Dugan

April 9, 2014


“UBS always tried to impress upon the reps their wonderful due diligence and that they looked into this and blessed each of these issuers” whose products they recommended, said Seth Lipner, a lawyer at Deutsch & Lipner in Garden City, New York, who represented Dulin. “What the arbitrators explain in their award is that the senior people at UBS knew that Lehman’s financial position was increasingly precarious and they stifled the information flow to the reps. And the reason they did it was it would have been bad for business.”

Wrong Package – UPS Retiree Cites Merrill Broker In $3.2M Loss

By Roddy Boyd

December 19, 2005


"Arthur Weyrauch’s lawyer, Seth Lipner, told The Post [his Merrill Lynch broker] led a concerted effort by Merrill to aggressively pursue the risky trades in order to cash in on the value locked up in stock held by the former UPS executives."

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