Securities Litigators Move To Palmer, Lombardi & Donohue
Robert B. Ericson, a securities litigator who was formerly of counsel at Cotton & Gundzik, and Michael Ghozland, a securities litigator previously with Robbins Geller Rudman & Dowd, have joined Palmer, Lombardi & Donohue. Mr. Ericson has represented clients in a wide variety of matters, including unfair competition, business torts, antitrust and regulatory compliance. Mr. Ghozland specializes in FINRA arbitrations and defending broker-dealer clients in state and federal courts.
Read more about Michael Ghozland.
Read more about Robert Ericson.
Partner Thomas Lombardi’s Expertise Tapped by Los Angeles Daily Journal
Thomas Lombardi, a Palmer, Lombardi & Donohue partner, was quoted extensively in a Los Angeles Daily Journal article about commercial landlord-tenant disputes. Mr. Lombardi discusses long-term lease clauses that require the tenant to perform maintenance on the property and return it in its original condition.
“We’re seeing a lot of litigation coming out of the economic downturn,” he said. “A lot of large, national tenants are downsizing their facilities, so they are not renewing some of these long-term leases, and I’ve seen my clients come to me with a lot of concerns about the level of repair and restoration they have to do to the facilities which should have been handled by these tenants.”
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Palmer, Lombardi & Donohue Partner Brett Watson Authors Article for Los Angeles Daily Journal
Brett D. Watson, a Palmer, Lombardi & Donohue partner, has authored a piece for the Los Angeles Daily Journal on employee embezzlement. In the article, titled “The First Line of Defense to Preventing Employee Embezzlement,” Mr. Watson notes that embezzlement is more common during economic downturns, describes how the crime usually occurs and explains how the law shields banks from liability in embezzlement cases.
“[E]mployers must realize that they, not their banks, are the first line of defense in preventing and detecting employee embezzlement,” he writes. “Indeed, common sense dictates that prevention, or even early detection, provides greater protections than searching for a scapegoat.”
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Los Angeles Daily Journal Covers Palmer, Lombardi & Donohue Case
The Los Angeles Daily Journal recently published a story about a case, Ralston v. Mortgage Investors Group, Inc., in which Palmer, Lombardi & Donohue is representing the named co-defendant. The story describes the efforts of Palmer Lombardi and counsel for Mortgage Investors Group, Inc. to rebuff claims that the lenders misled borrowers about the terms of option adjustable-rate mortgages with initial interest rates as low, in some cases, as one percent.
Roland P. Reynolds, a Palmer Lombardi partner handling the case, is quoted in the story; he characterizes the plaintiffs’ claims as “buyer’s remorse.”
“All of the terms of the loans were fully disclosed to the borrowers at the time that they got the loans,” Reynolds says. “The notion that a plaintiff believes he had a 1 percent loan for 30 years is simply not believable.”
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Palmer, Lombardi & Donohue Partner Obtains Favorable Verdict, Published by Daily Journal
As featured in Daily Journal’s Verdicts & Settlements report, Thomas Lombardi, partner with Palmer, Lombardi & Donohue LLP, successfully represented First Industrial L.P., in a case regarding unauthorized occupants of a warehouse and subsequent unpaid rent. First Industrial L.P., which owns and leases a commercial warehouse, sued the defendants after learning that JMC Transport Corp., rather than the named company on the lease, was occupying the warehouse without the knowledge of First Industrial. In addition, Doe Company was using the warehouse without the plaintiff’s knowledge. After a default on rent, First Industrial learned of the identity of the occupants in its facility and filed suit against JMC Transport and Doe Company.
Mr. Lombardi received a favorable verdict on behalf of his client.