Over Three Decades Of Experience Handling Class Action Lawsuits
Attorney Jeff Lendrum, with Lendrum Law Firm, APC, has more than 33 years of experience as a securities lawyer representing individuals and businesses throughout California in a wide variety of class and private attorney general lawsuits involving claims of wage and hour violations, securities fraud, unfair competition, deceptive advertising and product liability.
Mr. Lendrum has been instrumental in recovering in excess of $100 million on behalf of individuals and entities that suffered losses from investment fraud and stockbroker malpractice.
The following is a partial listing of class actions that Mr. Lendrum has been involved in on behalf of the representative plaintiffs:
REIT Conversion Class Action
Trial counsel on behalf of two certified classes of investors who were denied dissenter’s rights when a real estate trust deed investment program that raised in excess of $500 million from the public was converted into publicly traded REITs.
Union Field Worker Class Action
Plaintiffs’ counsel representing a certified Class of Union Field Representatives seeking damages for improper classification of employees as exempt from overtime. After a two-day bench trial finding the defendants in contempt of court relating to efforts to interfere with the Class Notice process, the case has settled.
Loan Officer Class Action
Plaintiffs’ counsel in a putative class action on behalf of former loan officers employed by a national mortgage lender seeking unreimbursed expenses under Labor Code § 2802.
Convenience Store Cashier Class Action
Plaintiffs’ counsel in a certified class action on behalf of former convenience store cashiers in the state of California for unpaid overtime, missed meal and rest periods and related issues.
Worldwide Mutual Fund Shareholder Class Action
Counsel for class action plaintiffs (over 300,000 class members) in an action against a national securities broker-dealer seeking to recover substantial losses caused by the use of derivatives and other unsuccessful hedging techniques in two mutual funds sold worldwide. The action resulted in an award to the class valued at $91 million. The action also was one of the first cases to establish a private right of action under section 13(a)(3) of the Investment Company Act of 1940.
Bank Customer Class Action
Counsel for the class action plaintiffs in an action filed in the U.S. District Court for the Southern District of California on behalf of foreign investors, primarily from Mexico, who lost substantial sums as a result of purchasing high-yield junk bonds. The action resulted in an award to the class returning all lost principal, plus interest and attorneys’ fees.
Biotechnology Shareholders Class Action
Counsel for the class action plaintiffs in a national securities class action seeking recovery of substantial losses to the shareholders caused by the improper transfer of valuable corporate assets to corporate insiders. The action was originally filed in the U.S. District Court for the District of Utah and subsequently transferred to the Southern District of California. The action resulted in a $6.5 million award to the class.
Limited Partner Securities Class Action
Counsel for the class action plaintiffs in an action, originally filed in the Southern District of California and subsequently transferred to the Southern District of New York, seeking to recover for losses sustained by thousands of limited partners caused by the use of deceptive practices in connection with a “roll-up” of limited partnerships. The case resulted in an award to the class valued at more than $10 million.
Mutual Fund Shareholders Class Action
Counsel for the class plaintiffs in an action on behalf of foreign investors against a national bank arising out of the sale of unregistered securities. The action resulted in the investors recovering over 90% of their principal losses, after payment of attorneys’ fees and costs were paid.
Federal Noteholder Class Action
Counsel for the class plaintiffs (holders of senior notes) in two related federal actions arising out of the sale of unregistered securities by a national mortgage broker and certain international broker-dealers. The action resulted in a $15 million judgment in favor of the class.
Class-Action Defense Practice
The following is a partial listing of class and representative actions in which the attorneys at the Lendrum Law Firm have been involved in on behalf of one or more of the defendants.
Deceptive Advertising Consumer Class Action
Defense counsel in a certified class action on behalf of all individuals who smoked one or more cigarettes in the state of California during the period of June 10, 1993, to April 23, 2001. Plaintiffs seek hundreds of millions of dollars in restitution on behalf of the class. After the defendants successfully obtained a ruling decertifying the class, the California Supreme Court reversed the decision and remanded the action back to the trial court for further proceedings,
Union Health Care Reimbursement Class Action
Representation of a national product manufacturer in a putative class action against various product manufacturers. Plaintiffs were seeking reimbursement of hundreds of millions of dollars in health care costs allegedly expended by the trusts on behalf of their union members. The action resulted in a judgment in favor of the defendants.
Certificate of Participation Holders Class Action
Representation of a national broker-dealer in a multiparty action seeking class action status under the California securities laws. Plaintiffs sought to recover amounts invested in Certificates of Participation in an agricultural facility in central California. The case was resolved in our clients’ favor after plaintiffs’ motion for class certification was denied.
Attorney General Consumer Action
Representation of a national product manufacturer in a state-wide coordinated proceeding seeking billions of dollars from numerous product manufacturers. The proceeding was resolved with the defendants agreeing to pay, over time, in excess of $25 billion to the state of California.
California Indian Tribe Class Action
This was a putative class action filed on behalf of all Indian tribes in California seeking reimbursement of health care costs and disgorgement of manufacturers’ profits. After plaintiffs were unsuccessful in certifying the class, the action was dismissed.
Medical Monitoring Consumer Class Action
This is a pending class action on behalf of millions of California consumers seeking to recover hundreds of millions of dollars from the defendants to fund the cost of medical monitoring and cessation programs.
Proposition 65 Private Attorney General Action
This was a representative action under California’s Proposition 65 and Business and Professions Code §§ 17200, et seq., seeking civil fines, penalties and disgorgement of profits, totaling in excess of $50 million from product manufacturers. After several years and numerous favorable defense rulings, the action was successfully resolved on a statewide level.
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