Martin Andelman, ML-Implode
This is a story for the ages… you want crazy, I’ve got crazy.
Remember attorney Mitchell J. Stein? His law office was shut down along with the the law offices of Kramer & Kaslow. Stein filed the first lawsuit against Bank of America that came to be know as a “mass joinder,” or multi-plaintiff suit… Ronald v. Bank of America.
When I first called Mitchell Stein to find out what he was up to, I discovered that coincidentally, he went to my high school. He was two years older than me, so he didn’t remember me, but I did remember him. And he seemed like a smart trial lawyer who certainly talked like he was dedicated to fighting for the rights of homeowners against the banks. He said that many of his clients were pro bono and contingency cases, where the homeowners were paying nothing. I never listed him on my “Trusted Attorneys” tab… because I just didn’t know him long enough… but I did try to keep tabs on him.
Then this past September, I believe, both he and Kramer got shut down by the State Bar and AG, the allegations being that they were “running and capping,” essentially meaning that they were paying non-lawyers sales commissions. Kramer continues to deny that happened, and I suppose we’ll have to wait to see what evidence is presented at trial to be sure one way or the other. Stein, on the other hand, not only denied any involvement with Kramer’s marketing, but further said that he had never received any funds from that marketing… and to-date, I haven’t seen any evidence that he did. So, I was waiting to see how all that came out, as well.
But… never mind all that… in fact, as far as Stein is concerned, it’s pretty much mass-smash… joinder-schmoinder.
Okay, ready for this? I wasn’t.
Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division announced today that attorney Mitchell J. Stein was arrested on Sunday, December 18, 2011, at Los Angeles International Airport on charges related to his alleged role in a multi-million dollar market manipulation stock fraud scheme. Stein was arrested for his role as attorney for a South Carolina health care device company, Signalife… now known as Heart Tronics.