Fraud and Embezzlement / Business Entity Dissolution

Lawyers at Gradstein & Marzano have decades of experience litigating matters involving business fraud, fraudulent transfers, embezzlement, partnership dissolutions and disputes, breaches of fiduciary duties, and related claims for both plaintiffs and defendants. We have represented individuals and entities ranging from small businesses to major corporations, in actions involving fraud and fraud-based claims, where monetary and injunctive relief, disgorgement and restitution have been sought. Past cases have involved the appointment of receivers, coordinating with federal and state governmental and policing agencies, and tracing and recovering assets globally.

Significant representative matters include:

Obtaining a $10.3 million jury verdict against Los Angeles radio personality Rick Dees on behalf of one of his former radio show partners, the jury finding that Dees and his business manager had acted with “malice and oppression” in diverting profits from “The Rick Dees Dees’ Top 40 Countdown,” with a verdict that included $7 million in punitive damages
Recovering $12.6 million in a whistle blower case against Orinda Healthcorp for Medicare and Medicaid fraud and abuse violations
Defending against claims brought in federal court for fraud and breach of contract claims by jewelry maker Alex and Ani in the United States District Court for the District of Rhode Island
Obtaining a $102 million judgment in federal court on behalf of Pink sheet-traded Veltex Corporation on behalf of the newly constituted non-fraudulent Board of Directors and officer group on claims for fraud, fraudulent transfers and conveyances, and breaches of fiduciary duty in a securities “pump and dump” scheme
Representing stockholders in direct action against major Korean bank for fraud and breach of fiduciary duty claims
Serving as a Special Prosecutor by the Chief District Judge for the District of Nevada to prosecute contempt proceedings in an international banking and securities fraud case
Representing an SEC appointed Receiver in one of the most successful SEC receivership matters and achieved a multi-million dollar recovery for victims in an offshore banking fraud and arbitrage trading scheme, involving a host of litigation, business and tax matters in the U.S. and globally
Obtaining injunctive relief, the appointment of a receiver and a multi-million dollar award, including punitive damages, following a three month, three panel member arbitration of a real-estate partnership dissolution
Successfully prosecuting civil embezzlement, fraud, identity theft and forgery claims on behalf of a textile manufacturing firm, recovered significant assets and restitution, and assisted the U.S. Attorney’s Office in the resulting criminal prosecution and conviction

In addition to the business fraud litigation matters that we have handled successfully, we have also represented parties in numerous business entity dissolution and litigation matters, which often involve or raise the specter of fraud-based or misconduct claims. Those have included the representation, both in litigation and pre-litigation phases, of partners, shareholders, members in LLC’s, joint ventures and other business entity forms. Many of those engagements have resulted in confidential settlements pre-litigation or in the early phases of litigation, due to both the aggressive advocacy of our lawyers and the ability to work cooperatively in dispute resolution.