Arbitration Award. Successful defense of real estate partnership agreements involving property valued in excess of $5 million, and recovery of attorneys’ fees and costs.
$5.5 Million Recovery. Rafton v. Rydex Series Funds et al. Class action recovery of investor losses due to undisclosed compounding error inherent in “inverse” mutual fund investment (USDC, Northern District of California).
$2.665 Million Recovery. Confidential settlement refunding losses from sale of illiquid auction rate securities.
$21.5 Million Recovery. Confidential settlement releasing funds frozen in auction rate securities.
Construction of Campus to Proceed. Successful representation of City College of San Francisco against CEQA and historic land use challenges to proposed Chinatown/North Beach campus (San Francisco Superior Court).
$5.8 Million Arbitration Award. Switzer & Sons, L.P. et al. v. Deutsche Bank Securities, Inc. et al. Consolidated. Representation of family limited partnerships, trust and charitable foundation against brokerage arm of Deutsche Bank in connection with over-concentration of high net worth investors in alternative investment products (collateralized debt funds, private equity funds, etc.) (NASD).
$1.75 Million Settlement. Coordinated cases against major financial institution serving as prime broker for failure to supervise and discover fraudulent practices of independent investment advisor (NASD).
$1.65 Million Settlement. Representation of company founders against major investment bank for failure to hedge or enter into derivatives transactions (NASD).
$196,000 Arbitration Award. Representation of investors in suit against Merrill Lynch Fenner & Smith for unsuitable investments and misrepresentation of risk in connection with Virnoche-Frigon Growth Portfolio (NASD).
$8.5 Million Settlement. Representation of company founders and investors against major brokerage firm for failure to hedge or enter into derivatives transactions (NASD).
$463,000 Settlement. Representation of investor against broker-dealer alleging failure to diversify Microsoft stock holdings and failure to execute stop-loss strategy (NASD).
$15 Million Settlement. Representation of public company founders in coordinated actions against financial advisor arising from failure to diversify or hedge concentrated position in Rule 144 stock (Superior Court).
All cases Alan Sparer as lead counsel or co-lead counsel.