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Lance C. Arney

Lance Arney has worked for nearly twenty-fine years on a wide range of civil litigation matters in state and federal courts, at the trial and appellate levels, and in arbitration forums.

In his representation of plaintiffs, Lance has successfully obtained several significant judgments, awards, and settlements for investors, underpaid employees, and business owners. Lance also handles defends complex commercial disputes in litigation and arbitration.

Lance’s attention to detail, grasp of the facts and legal analysis are unparalleled. In securities fraud cases, Lance carefully analyzes the client’s goals and financial circumstances and the appropriateness of the particular investment product or strategy involved. He handles securities cases of all types, including those involving stocks, variable annuities, mutual funds, foreign exchange trading, options, REITs, and oil and gas limited partnerships. Lance is experienced in the FINRA arbitration process and has tried numerous cases to a final award.

Lance frequently represents employees, partners, or shareholders who have been denied compensation or profits or were otherwise treated wrongfully. These cases typically involve extensive contractual and financial analysis and complicated legal issues. He has extensive experience researching, briefing, and arguing difficult legal issues in trial and appellate courts.

Lance also routinely defends commercial litigation and arbitration cases on behalf of businesses and individuals. When defending a case, Lance first takes the time to understand the client’s circumstances and goals. He and the client then agree on a plan that will maximize effectiveness while limiting costs. Lance understands defending litigation can be stressful and expensive for a client. He strives to minimize the client’s burden by achieving a favorable resolution in the most efficient way possible.

Representative Cases and Experience

  • Obtained summary judgment in Nevada District Court dismissing federal RICO lawsuit claiming $60+ million against Houston-based business client, affirmed on appeal to the Ninth Circuit Court of Appeals.
  • Successfully defended Austin, Texas financial advisor from claimed $800,000 in damages after 5-day FINRA arbitration, obtaining an award denying claimants’ claims in their entirety.
  • In a case of first impression, obtained an opinion from the Fourteenth District Court of Appeals (Houston) interpreting the 5-year statute of limitations for sex abuse victims, reversing summary judgment entered against the plaintiff in the trial court.
  • Negotiated and closed Asset Purchase/Sale Agreement and related documents for multimillion dollar sale of Houston area client’s financial services practice.
  • Representation of numerous partners in “business divorce” situations, including litigation and the negotiation of buy outs (representing both selling partners and buying partners).
  • Representation of investors in claims against brokerage firms for more than 20 years, including several contested arbitration awards and seven-figure settlements.
  • Representation of financial advisors in regulatory investigations/proceedings, including numerous cases where investigation closed without action.
  • Co-counsel in Fair Labor Standards Act cases in McAllen, Texas, resulting in court-approved $1.5 million gross settlements.

Contact

(713) 333-2800

larney@gwafirm.com

Admissions

State Bar of Texas

United States District Court for the Southern and Eastern Districts of Texas and the District of New Mexico

United States Courts of Appeal for the Fifth and Ninth Circuits

Education

Princeton University, A.B., cum laude

University of Texas School of Law, J.D., with honors
–Texas Law Review, Associate Editor –Order of the Coif

Affiliations and Honors

Public Investors Arbitration Bar Association

Houston Trial Lawyers Association

Houston Trial Lawyers Foundation, Board Member, Secretary

Houston Bar Association, Securities Law Section, Litigation Section

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