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Kramer, Stein Mass Joinder / Mass Tort Updates for Those Involved

The Receiver in the Mass Joinder legal proceeding in California against lawyers that had marketed Mass Joinder suits against mortgage lenders has released an update.

December 1, 2011

The State Bar of California has taken possession of the law practices of Kramer and Kaslow, Mitchell J. Stein, Christopher Van Son, Paul Peterson (Mesa Law Group), and Anthony Kassas (Kassas Law Group).

For information as to the handling of your case going forward, you need to contact the State Bar at one of the numbers below:

Law Offices of Kramer and Kaslow: 213-765-1672

Mitchell J. Stein & Associates: 213-765-1639

Law Offices of Christopher Van Son: 213-765-1658

Paul W. Petersen: 213-765-1641 – The Petersen number provides information on Petersen and the number for Kassas because Kassas was using lines that had been provided to Petersen by the carrier.

Law Offices of Anthony J. Kassas: 213-765-1637

After receiving Orders on October 3, 2011 and October 25, 2011 which authorized the shut down of the Defendants’ facilities and liquidation of the furniture and equipment on site, the Receiver commenced that process and has been working through the issues with each individual landlord and orchestrating the best possible liquidation of the furniture and equipment. Unfortunately, in the current economy, the current market for used office furniture and equipment is saturated and we do not anticipate that the recovery from this liquidation process will be substantial. But, we are proceeding as prudently as possible to maximize the net return. We hope to complete this process by mid-December.

The Receiver is also reviewing all activities of the Non-Attorney Defendants and affiliates that worked with them to determine what additional remedies may be available that would provide a fund that might be available for mass joinder clients. – Source

Sincerely,


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4 thoughts on “Kramer, Stein Mass Joinder / Mass Tort Updates for Those Involved”

  1. What I want to know is how Stein talked the retired Chairman of Allied Signal and the President and CEO of Calfed into participating in stock fraud. To wit, CUSIP No. 531707107

    ITEM 2. IDENTITY AND BACKGROUND

    This Schedule 13D is being filed by HealthMed, Inc., a Nevada
    Corporation, National Trust Properties, Inc., an Arizona corporation
    (“National”), The Trammel Trust, a trust formed under the laws of the state
    of California (the “Trust”) and the following natural persons: Mitchell J.
    Stein, Edward L. Hennessy, Jr., Wallace O. Raubenheimer and George P. Rutland
    (collectively, the “Reporting Persons”). The name, address, citizenship and
    present principal occupation or employment of each executive officer,
    director and each person controlling Healthmed, Inc. and National are set
    forth in Annex I hereto, which Annex I is hereby incorporated herein by this
    reference.

    (b) HealthMed, Inc.’s principal business and principal office
    address is 8306 Wilshire Boulevard, Suite 7056, Beverly Hills, California
    90211. National’s principal business address is c/o HealthMed, Inc., 8306
    Wilshire Boulevard, Suite 7056, Beverly Hills, California 90211. The Trust’s
    principal business address is 233 Wilshire Blvd, Suite 960, Santa Monica,
    California 90401. Mr. Stein’s address is 8306 Wilshire Boulevard, Suite 7056,
    Beverly Hills, California 90211. Mr. Hennessy’s address is 500 Island Drive,
    Palm Beach, Florida 33480. Mr. Raubenheimer’s address is c/o Folsom’s Air
    Service, Burnt Jacket Road, Greenville, Maine 04441. Mr. Rutland’s address is
    2625 Acuna Court, Carlsbad, California 92009.

    (c) The present principal business of HealthMed, Inc. is providing
    consulting services to healthcare companies. The present principal business
    of National is serving as a holding Company. The Trust is an irrevocable
    trust created under the laws of California on January 16, 1998. The Trust was
    formed with the stock of National. The present principal occupation of Mr.
    Stein is President and Chief Executive Officer of HealthMed, Inc. The present
    principal occupation of Mr. Hennessy is investments. The present principal
    occupation of Mr. Raubenheimer is investments. The present principal
    occupation of Mr. Rutland is serving as Chairman of the Board of Directors
    and Chief Executive Officer of Taipan Corporation and serving as a member of
    the Board of Directors of Hemet Federal Bank.

    Reply
  2. What I want to know is how Stein talked the retired Chairman of Allied Signal and the President and CEO of Calfed into participating in stock fraud. To wit, CUSIP No. 531707107

    ITEM 2. IDENTITY AND BACKGROUND

    This Schedule 13D is being filed by HealthMed, Inc., a Nevada
    Corporation, National Trust Properties, Inc., an Arizona corporation
    (“National”), The Trammel Trust, a trust formed under the laws of the state
    of California (the “Trust”) and the following natural persons: Mitchell J.
    Stein, Edward L. Hennessy, Jr., Wallace O. Raubenheimer and George P. Rutland
    (collectively, the “Reporting Persons”). The name, address, citizenship and
    present principal occupation or employment of each executive officer,
    director and each person controlling Healthmed, Inc. and National are set
    forth in Annex I hereto, which Annex I is hereby incorporated herein by this
    reference.

    (b) HealthMed, Inc.’s principal business and principal office
    address is 8306 Wilshire Boulevard, Suite 7056, Beverly Hills, California
    90211. National’s principal business address is c/o HealthMed, Inc., 8306
    Wilshire Boulevard, Suite 7056, Beverly Hills, California 90211. The Trust’s
    principal business address is 233 Wilshire Blvd, Suite 960, Santa Monica,
    California 90401. Mr. Stein’s address is 8306 Wilshire Boulevard, Suite 7056,
    Beverly Hills, California 90211. Mr. Hennessy’s address is 500 Island Drive,
    Palm Beach, Florida 33480. Mr. Raubenheimer’s address is c/o Folsom’s Air
    Service, Burnt Jacket Road, Greenville, Maine 04441. Mr. Rutland’s address is
    2625 Acuna Court, Carlsbad, California 92009.

    (c) The present principal business of HealthMed, Inc. is providing
    consulting services to healthcare companies. The present principal business
    of National is serving as a holding Company. The Trust is an irrevocable
    trust created under the laws of California on January 16, 1998. The Trust was
    formed with the stock of National. The present principal occupation of Mr.
    Stein is President and Chief Executive Officer of HealthMed, Inc. The present
    principal occupation of Mr. Hennessy is investments. The present principal
    occupation of Mr. Raubenheimer is investments. The present principal
    occupation of Mr. Rutland is serving as Chairman of the Board of Directors
    and Chief Executive Officer of Taipan Corporation and serving as a member of
    the Board of Directors of Hemet Federal Bank.

    Reply
  3. Your article talks about their office space and furniture, but is there any word what is happening to these cases that are filed.  Are they going to get cancelled?

    Reply
  4. You’d have to ask the Mass Joinder Receiver. I’m simply reporting on the official notice they put out.

    As far as Stein’s ability to practice law, you’d have to speak to the State Bar about that.

    Reply

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