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Getting a Second Legal Opinion

Posted on Monday, March 6th, 2017 at 2:20 pm    

Everyone is familiar with getting a second opinion when it refers to medical matters. Legal matters require the same actions. One lawyer’s opinion about the merits of a case are just that, one lawyer’s opinion. A client should not just accept a single opinion from a lawyer that his or her case does not have merit. Different lawyers have different experiences, attitudes and skills, which shape their view and approach to a case. Not all lawyers are the same and not all services provided by a law firm are the same. When a lawyer reviews a matter and communicates to the client that a case has no merit or is not a case the lawyer wants, the client should continue to seek out additional opinions from the best qualified lawyer he or she can locate with expertise in the field.

A recent experience at Erez Law illustrates the importance of a second opinion. We were approached last year by an investor whose lawyer in a pending case against a well known brokerage firm decided to terminate representation and essentially fire the client. The law firm representing the client had done some work on the case and decided it did not want to continue to represent the client and was not interested in representing the client in a final hearing in a FINRA arbitration – the trial component of the arbitration proceeding. In fact, the client then approached another law firm that does FINRA arbitration work and the second firm declined to accept the matter as well. The client then contacted Erez Law and consulted with Jeffrey Erez, Esq., the firm’s founder. Mr. Erez met with the potential client and closely scrutinized the merits of the claim, which involved losses in Puerto Rico bonds. Erez Law made its own independent analysis of the claim and decided to accept the case. Erez Law has been retained by over 200 individuals that sustained losses in Puerto Rico bonds and was able to use the firm’s extensive knowledge and experience to develop legal theories that others did not.

Erez Law revised the Statement of Claim, which is the complaint in a FINRA arbitration to reflect yet unmade allegations regarding the losses the investor sustained. Erez Law filed additional discovery requests and obtained thousands of pages of new evidence including emails and text messages. Our firm invested tens of hours reviewing thousands of pages of discovery to provethe allegations we made on behalf of our clients in order to prepare for the final hearing.

As we were making our final preparation for the final hearing, we were able to negotiate an excellent result for our clients. So, the clients who were fired from one law firm and turned down by another obtained the justice they deserved. Thankfully, these clients had the belief they were harmed by a brokerage firm and persistently sought out Erez Law after being rejected twice and told that their case was not worthy of pursuing from the other law firms.

This is not a unique situation. Erez Law has handled cases to successful resolution for many clients whose cases were turned down by other lawyers. Investors who feel that they have been misled or taken advantage of should not give up just because their attorney did. Getting a second or even third opinion is sometimes required in order to achieve justice. If you need a second opinion regarding your claim against a brokerage firm, we will be happy to discuss your matter with you and provide a free consultation.

Erez Law represents investors in the United States for claims against brokers and brokerage firms on a contingency fee basis. If you have experienced investment losses and believe that you were misled or defrauded, please call us at 888-840-1571 or complete our contact form. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies.