Jeffrey L. Friedman

Principal

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Jeffrey L. Friedman
Jeffrey L. Friedman

“More than other market segments, the securities industry has to constantly adapt.  My goal is to defend my client’s rights, while continuously seeking to educate them on the changing landscape in order to consistently reduce litigation, regulatory scrutiny and legal spend.”

Jeffrey L. Friedman practices in the firm’s Labor and Employment and Securities Litigation and Regulation practice groups.  Jeff has extensive trial, appellate, arbitration and mediation experience.  Jeff represents senior officers, executives, securities brokers and branch office managers in a wide range of securities and employment related matters in federal and state courts, appellate courts, arbitration forums, mediations and regulatory proceedings.

A veteran litigator and problem solver, Jeff understands what it takes to prevail on behalf of his clients.  He seeks to fully understand his clients’ objectives and practical institutional challenges when navigating them through the intricacies of the court system and regulatory agency scrutiny.   He routinely overcomes complex and high stakes litigation, and is known for his thoughtful, tireless and strategic approach to dispute resolution.

Jeff has successfully handled and overseen countless arbitrations, mediations and court matters nationwide.  In an era where very few cases go to trial, Jeff does.  He has served as lead trial counsel in litigation involving a myriad of claims pertaining to the full spectrum of substantive business, investment and legal issues, including:

  • Suitability
  • Product cases
  • Concentrated equity positions
  • Unauthorized or excessive trading
  • Fraud, misrepresentation and negligence
  • Breach of fiduciary duty
  • Breach of contract
  • Improper use of margin
  • Private transactions and outside business activities
  • Lack of supervision
  • Employment related claims

Jeff’s cases have included many different investment vehicles, such as equities, bonds, mutual funds, exchange traded funds, options, index options, commodities, commodity futures, structured products, derivatives, limited partnerships, hedge funds (and fund-of-funds), private equity and managed futures, to name only a selection.  His securities employment experience ranges from cases involving wrongful termination, constructive discharge, discrimination and breach of employment contract; to wage and deferred compensation claims, employee stock options, restricted stock, ERISA, employee forgivable loans and the like. 

He also handles expungement petitions, and has pursued claims against financial advisors for contribution and indemnification in cases involving the alleged violation of member firms’ internal and FINRA rules.

A prolific writer and industry innovator, Jeff has drafted briefs for landmark cases such as Shearson/American Express, Inc. v. McMahon, Rodriguez de Quijas v. Shearson/American Express, Inc. and Byrd v. Shearson Lehman/American Express, wherein the United States Supreme Court rendered enforceable agreements to arbitrate federal securities law, RICO and ERISA claims.

When Jeff is not practicing law, he enjoys traveling, golf, running, fitness, theater, movies, dining and cooking.

Jeff has achieved many dismissals and victories of cases brought at FINRA, including achieving four directed verdict dismissals.  They include:

  • Cosper v. UBS #13-02773 (March 2015)
  • Studenberg v. UBS, #12-04346 (June 2014)
  • Vangilder v. UBS, #11-01040 (July 2012)
  • Farash v. UBS, #09-07187 (March 2011)

Jeff's published court decisions include:

  • Mago v. Shearson Lehman Hutton Inc., 956 F. 2d 932 (9th Cir. 1992)
  • Bird v.  Shearson Lehman/American Express Inc., 926 F. 2d 116 (2d Cir. 1991)
  • Storey v. Shearson/ American Express, 928 F. 2d 159 (5th Cir. 1991)
  • Storey v. Shearson Lehman Hutton Inc., 949 F. 2d 1039 (8th Cir. 1991)
  • Storer v. Miller, 914 F. 2d 215 (11th Cir. 1990)
  • Jeske v. Brooks, 875 F. 2d 71 (4th Cir. 1989)
  • Fleck v. E.F. Hutton Group, 891 F. 2d 1047 (2d Cir. 1989)
  • Rodriquez de Quijas v. Shearson/American Express Inc., 490 U.S. 477 (1989)
  • Shearson/American Express Inc. v. McMahon, 482 U.S. 220 (1987)
  • SSH Corp. v. Shearson Lehman Brothers Inc., 678 F. Supp. 1055 (S.D.N.Y. 1987)
  • Schwartz v. Gordon, 761 F. 2d 864 (2d Cir. 1985)