Lance C. McCardle

Lance-McCardle

Contact Information

t: (504) 586-5298

f: (504) 586-5250

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Lance McCardle is a dogged, diligent advocate for his clients—evidenced by the number of thank you notes sent from clients who are ever grateful for his work in recovering their investment losses. His clients appreciate his candor upfront regarding the strengths and weaknesses of their case and the on-going advice as their case progresses. Lance will not be out worked by opposing counsel, and he is unwilling to compromise unless he believes his clients are receiving the best possible outcome.

Lance practices in the areas of securities arbitration and litigation, environmental law, and general commercial litigation.  Lance regularly represents investors (both individuals and institutions) in claims against their brokers, investment advisors, and/or investment banks in court or in arbitration proceedings administered by the Financial Industry Regulatory Authority (“FINRA”).  Lance also represents several landowners in claims against oil and gas companies for damage and land loss caused by oil and gas operations.

Lance is a member of the ABA Securities Law Committee and serves on the Securities Arbitration Subcommittee.  Lance is a fellow of the Louisiana Bar Foundation and a member of the Louisiana State, Federal, American, and Public Investor Arbitration Bar Associations.  He serves on the editorial board of the PIABA Bar Journal.  He has taught litigation skills classes at Loyola University College of Law and Media Law at Tulane University.  He has represented criminal defendants on a pro bono basis, is a member of the St. Thomas More Inn of Court, and is a former Director of the Younger Lawyers Division of the New Orleans Chapter of the Federal Bar Association.

Lance has been recognized in The Best Lawyers in America 2017 edition in the area of securities, named a Super Lawyer in the area of securities litigation by Super Lawyers 2017, a Rising Star by Super Lawyers from 2012 to 2015, a Top Lawyer by New Orleans Magazine in 2012, 2013, and 2015, and a Future Star in Benchmark Litigation in 2009.

Education

  • J.D., magna cum laude, from Loyola University College of Law, 2005
    • Comment/Case Note Editor of the Loyola Law Review
  • M.B.A. from Loyola University, 2005
  • B.S. in Finance, cum laude, from Louisiana State University, 1999

Publications / Presentations

  • Lance C. McCardle, Despite Congress’s GOOD Intentions, the DMCA Produces a BAD Result: A Means to Create Monopolies, 50 Loy. L. Rev. 997 (2004).
  • James R. Swanson & Lance C. McCardle, Why Might A Broker Prefer To Be In Court, Not Arbitration in HANDLING A SECURITIES CASE: FROM INVESTIGATION TO TRIAL AND EVERYTHING IN BETWEEN, Practising Law Institute ed., 2012 (Handbook Series No. B-1950).

Representative Matters

Lance has handled a number of interesting matters, including representing:

  • an elderly couple in a securities arbitration involving a private placement real estate investment, obtaining a $1.6 million award, including 100% of their losses and an award of attorney’s fees;
  • investors in a securities arbitration involving the sale of unsuitable non-traded REITs, promissory note programs, limited partnerships, and private oil drilling programs, resulting in an award of $307,000 in favor of the customers;
  • a construction company in a AAA arbitration proceeding brought by a homeowner, resulting in a dismissal of all claims for damages brought by the homeowner and an award of damages, interest, costs, and attorney’s fees in favor of the construction company;
  • many investors in claims relating to the sales of private placements such as non-traded REITs, promissory notes tied to real estate or equipment leasing programs, and structured products, resulting in confidential settlements;
  • several foreign investors against the owners and managers (and several affiliated companies) of an investment fund that was supposed to be part of a federal program that provides permanent U.S. residency to foreign nationals;
  • institutions (including the Baylor College of Medicine and the Louisiana Stadium & Exposition District) in claims against their bond underwriters and investment banks in connection with the issuance of auction rate securities;
  • a family in jury trial involving single business enterprise and alter ego claims against several affiliated companies for damage caused by insolvent entity (matter settled for confidential amount in the middle of jury trial);
  • businesses and individuals in claims against their insurance companies and insurance brokers;
  • several land owners in claims against oil and gas companies for the damage and land loss caused by the oil and gas operations;
  • an oilfield services company in a products liability claim against the manufacturers of a defective product.

PRACTICE FOCUS

RECOGNITION

BAR ADMISSIONS

  • Louisiana
  • U.S. District Courts for the Eastern, Middle, and Western Districts of Louisiana
  • U.S. Court of Appeals for the Second Circuit
  • U.S. Court of Appeals for the Fifth Circuit