Mendenhall’s CRD has four disclosures, the earliest one dating back to 2000. The most recent was filed on 1/12/2024, alleging that Mendenhall “missed” several opportunities with a particular investment, leading to losses. According to Mendenhall’s securities license report, the client has a 30-year business relationship with Mendenhall, has “decades of experience recruiting for the financial services industry,” a $20 million net worth, and is also a sophisticated and experienced investor. The client requests damages of $5,000,000; the claim is currently “pending.”
The next dispute was filed on 10/5/2023 with similar allegations to the first. According to Mendenhall’s defense, the client has a net worth of $6.5 million, with allegations of “losses and missed opportunity related to specific investments that go back five years.” This client requests damages of $3,000,000, and the claim is currently “pending.”
In a customer dispute filed on 10/1/2019, a client “various legal claims related to recommendations to purchase and hold a particular security. The specific security and activity dates are not specified.” In this dispute, the client requested damages of $1,000,000, and the claim was settled for $200,000 to avoid the cost of litigation. Mendenhall did not contribute to the settlement.
In Mendenhall’s first customer dispute, dated 10/09/2001, the clients “allege breach of fiduciary duty, negligence, excessive trading, unsuitability, unauthorized trading of their accounts and failure to supervise.” The client requested damages of $1,446,335.00, and the claim settled for $650,000. The firm settled the claim in mediation a month prior, with the agreement that Mendenhall be released from the claim because there was no “failure to supervise” involved.
Did You Invest With Patrick Mendenhall?
Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today at (800) 975-4345 and let us know how we can help.