Strategic Judgment

We represented 27 investors who had lost over $5 million in a fraudulent real estate offering.  The perpetrator of the fraud was insolvent and our clients seemingly had little prospect for recovery.  Before filing an action, we researched the case and learned that a local law firm had aided the sales by preparing many of the offering materials.  Rather than suing the firm, we engaged in settlement discussion, exchanged the documents from our investigation, received documents related to the firm’s engagement, and then, following mediation, eventually reached a significant settlement for our clients.  Mediating first rather than filing a public complaint was a motivating factor for the firm to settle rather than having its errors publicly exposed.  Our clients also received a much speedier recovery and without the burdens attendant to litigation, such as depositions and trial.