For example, Mr. Klamann was lead counsel in a commodities churning case which was tried to a $ 700,000
punitive damages verdict, a securities fraud case which produced a seven -
figure confession of judgment involving a Real Estate Investment Trust (REIT), a successful consolidated case of more
than 140 plaintiff investors in varying combinations of six commercial real estate syndications, several individual securities churning cases, a fraudulent energy conservation limited partnership of 75 investor / plaintiffs, a successful consolidated case involving 124 investors in forty diverse limited partnerships, and a successful case involving scores of investor / plaintiffs in a series of fraudulent oil and gas limited partnerships.
«The proposals were clearly cobbled together in a hurry and went a lot further
than the # 30,000 headline
figure, with the clauses on trusts and the retroactive aspects for taxing gains particularly
punitive,» he adds.