Securities Fraud & Malpractice
Jeff Chambers has handled securities fraud and litigation matters representing individuals, brokers, securities firms and companies as plaintiffs in fraud litigation. Chambers’ significant results in state and federal Court securities litigation are listed in the results section of this website.
Securities Fraud & Malpractice Results
In Danis v. USN Communications, Jeff Chambers, acted as special trial counsel in a phase I sanctions trial that resulted in a $44,700,000 settlement, from which plaintiffs netted $26,842,239 and class counsel received $14,885,100 in fees and $2,972,661 in expenses. Chambers helped to obtain a $44.7 million settlement by acting as special trial counsel for the plaintiffs’ class. Chambers elicited live evidence of sanctionable conduct by cross-examining defendant witnesses in a global sanctions hearing that resulted in an order finding that the jury would be instructed at trial regarding defendants’ discovery abuse. Chambers also took the lead in much of the witness testimony, discovery and videotaped trial testimony that pressured defendants into the settlement. As the Court noted, “the parties engaged in discovery–with a vengeance,” and “took and defended some ninety non-expert fact depositions.” Danis v. USN Communications, Inc., No. 98 C 7482 (Oct. 30, 2000). In the end, the Court thanked plaintiffs’ co-lead counsel “for all the work you have done and constructive results.”
Jeff Chambers obtained a $3.25 million settlement for a client in a complex legal malpractice claim. The client was a prominent Texan. After the client’s relative died, the client was convinced by lawyers to disclaim his interest in real property left to the client under the deceased relative’s will, so that the property would pass to another relative. The lawyers were supposed to be working exclusively for Chambers’ client, but evidence showed that they were influenced by the beneficiary of the disclaimer. As a result of evidence gathered against the lawyers, the two firms involved in the proposed disclaimer transaction paid a total of $3.25 million to the Chambers' client. The client received $2,000,000 after deduction of $1,350,000 in fees and expenses.
Jeff Chambers obtained a $3.25 million settlement for a client in a complex legal malpractice claim. The client was a prominent Texan. After the client’s relative died, the client was convinced by lawyers to disclaim his interest in real property left to the client under the deceased relative’s will, so that the property would pass to another relative. The lawyers were supposed to be working exclusively for Chambers’ client, but evidence showed that they were influenced by the beneficiary of the disclaimer. As a result of evidence gathered against the lawyers, the two firms involved in the proposed disclaimer transaction paid a total of $3.25 million to the Chambers' client. The client received $2,000,000 after deduction of $1,350,000 in fees and expenses.