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"One of the nation's premier plaintiffs' firms."
American Lawyer
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"Representing the best qualities of the plaintiffs' bar."
The National Law Journal
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"Their effective and caring advocacy for clients has earned Lieff Cabraser its first-class reputation."
The Daily Journal
Case Center
FPI/Agretech
- Issue: Securities fraud
- Result: $32 million settlement
- 1994
In re FPI/Agretech Securities Litigation
Lieff Cabraser served as Lead Class Counsel on behalf of multiple classes of investors defrauded in a limited partnership investment scheme. The Court approved $15 million in partial pretrial settlements.
At trial, the jury returned a $25 million verdict, which included $10 million in punitive damages plus costs, interest, and attorneys’ fees, against non-settling defendant Arthur Young & Co. on securities and tort claims arising from its involvement in the fraud.
Richard M. Heimann served as Lead Trial Counsel in the class action trial. On appeal, the compensatory damages judgment was affirmed and the case was remanded for retrial on punitive damages. In 1994, the Court approved a $17 million class settlement with Ernst & Young.
Practice Areas
Securities Brochure
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Read a copy of our Securities Practice Area Brochure.