Kevin Kaiser vs. Raoul's Restaurant Corp., Cindy Smith et al. - Index No. 112674/2007

Lax & Neville LLP successfully wins a summary judgment motion in a case defending Cindy Smith, an employee of Raoul's Restaurant Corp., a well-known restaurant in New York City. On May 30, 2012, the Honorable Louis B. York granted Ms. Smith's motion for summary judgment and directed entry of judgment in favor of Ms. Smith. Specifically, Judge York dismissed the Plaintiff's age discrimination and defamation claims against Ms. Smith.

Dr. Karabi Sinha vs. UBS Financial Services, Inc. - FINRA No. 10-02584

On April 25, 2012, Lax & Neville LLP and Deutsch & Lipner, both leading securities arbitration law firms, won a FINRA arbitration award against UBS Financial Services, Inc. for improper sales practices and fraud in connection with UBS's marketing and sale of a Structured Product - the Lehman Return Optimization Security tied to the S&P 500. UBS is reported to have sold as much as $1 billion of Lehman's Structured Notes to its customers. It also sold other Structured Products which were mis-marketed and sold to UBS customers in inappropriate ways.

In the case won by our team, FINRA Case No. 10-02584, the Panel awarded the Claimant damages of $154,479, plus interest from October 1, 2008 until the Award is paid in full. The award places our client in the exact same position she would have been in had Lehman not filed for bankruptcy. The Award grants her damages equal to the value the security would have had on the maturity date if Lehman had not filed bankruptcy, less the current value of the security.

This equitable result is another win for our many clients who were deceived when the product was sold to them. The Statement of Claim in the case alleged that UBS did not inform the Claimant that these supposedly principal-protected securities were in fact the unsecured debt of the then-troubled Lehman Holdings, and that UBS did not inform its clients about what it (UBS) knew about Lehman's troubles. UBS tried to defend the case by alleging it had made full disclosure, and that the sales had been made in December 2007 -- which UBS alleged was before Lehman's troubles were known. As it had in every other prior case in which our legal team was involved, the arbitrators rejected UBS's defenses.

To view this Award, click [ here].

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I am very, very happy with the outcome of my case and my experience with Lax Neville could not have been better. The entire team of attorneys and staff are real professionals, they always had time to answer my many questions about my case. I was treated with compassion and respect. I am so grateful I chose to work with Lax Neville. Anonymous
This is an official " thank you" for all your hard work. It really was a pleasure to have you represent me, and I enjoyed seeing you, Rush and Sandra in action. I think Lax and Neville epitomizes the phrase "quality vs quantity". I think I told you before that I spent a lot of time researching firms; in this case things worked out, I picked the best firm. I hope I never need your services in the future, but if I do I know I found the best attorneys for these types of legal issues. Anonymous
What transpired at the [redacted] was nothing less than a truly masterful and exceptional experience regarding your intelligence, professionalism, preparedness for my case, teamwork and erudite knowledge pertaining to Securities Law, FINRA and the SEC. The facility and ease of how the case was handled, the systematic questioning of all the witnesses to obtain the facts necessary to prove our case, the preparation of the critically conclusive information and documents, the commanding coup de gras closing argument and your tireless consideration and respect for the Panel and [redacted] was, is and will continue to epitomize my feelings and conclusion that what transpired over those long three days was nothing less than raw and unabashed brilliance. Anonymous
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