Defended brokerage firm and local account executive in suitability case alleging federal and state securities act violations, RICO and other statutory and commonlaw liability. 85-year-old plaintiff alleged damages of $1M (trebled to $3M under RICO). Procured dismissal of RICO claims on summary judgment and favorable settlement. At federal court mediation, with summary judgment motion on remaining claims pending, negotiated favorable settlement for confidential amount far below plaintiff’s prior settlement demands.
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