Elizabeth S. Balfour is a litigator and works out of the firm's Del Mar Heights (Northern San Diego) office.
Ms. Balfour handles complex commercial and securities litigation, class actions, and internal investigations. She is experienced in all aspects of litigation, arbitration, and mediation. Ms. Balfour represents healthcare, technology, and life sciences companies in cases involving contract disputes, unfair competition, breach of fiduciary duty, theft of trade secrets, and products liability. She handles class action and creditor's rights cases for financial institutions and funds. She represents franchisors in franchise litigation and negotiations. Ms. Balfour has advised clients in response to investigations initiated by the Office of the Inspector General, the Securities and Exchange Commission, and state Attorneys General. Her practice also involves advising clients on insurance coverage, document retention, and electronic discovery.
•AV Rated, Martindale-Hubbell
•2010 Recipient of Lawyers Club of San Diego's Community Service Award for exemplary leadership and dedication to serving the under-represented in the San Diego and cross-border communities
•2007 Recipient of the San Diego County Bar Association's Service to the Bar Award for extraordinary contributions towards the mission of the Bar Association
•2005 Recipient of San Diego Metropolitan's Forty Under 40 Award, which recognizes business and professional leaders in San Diego under the age of 40
•2005 Recipient of the Sheppard Mullin Richter & Hampton Pro Bono Attorney of the Year Award for outstanding commitment to working in the community and providing legal services to the indigent
•2002 Recipient of the San Diego Volunteer Lawyer Program Distinguished Service Award
•2002 Recipient of the California Bar Association Wiley Manuel Award for Pro Bono Legal Services
Represented national franchisor in litigation filed by franchise group. Obtained complete dismissal of all claims.
Represented software company in federal securities class action against homestore.com and AOL. Motion to dismiss on behalf of client was granted and resulted in published opinion regarding secondary liability under Section 10(b) of the Securities and Exchange Act.
Represented a national bank in an action brought by franchisees of a tax preparation service in which plaintiffs asserted unfair business practices and sought to certify a nationwide class. Obtained a complete dismissal of the action before any discovery had occurred.
Represented a private, for-profit, university in an action against a former employee asserting claims against the former employee arising out of the former employee's improper disclosure of confidential information.
Represented a national bank in a lawsuit in which plaintiffs attacked the bank's lending practices and sought to certify a nationwide class of bank customers. Obtained an order dismissing plaintiffs' claims under the Consumer Legal Remedies Act. Settled the case after limited discovery.
Advised a manufacturer of office technology products in conjunction with products liability claims and reporting to the U.S. Consumer Product Safety Commission.
Represented a national weight loss company in a class action lawsuit alleging unfair business practices and misrepresentation. Defeated motion for class certification and negotiated a class-wide settlement involving minimal payments to the two named plaintiffs and a coupon offer for company product to any other putative class-members.
Represented a for-profit education company and its principal in an investigation of the company's compliance with immigration and tax laws.
Defended a Foundation accused of committing tax violations and successfully opposed the Government's request for a temporary restraining order and appointment of a receiver. Ultimately, the Government withdrew its case and the Court found the Government was required to pay the Foundation's legal fees incurred in opposing the Government's action.
Represented the President of a corporation in an enforcement action brought by the SEC for an alleged Ponzi scheme involving PinnFund mortgage company. Negotiated a settlement of the enforcement action with the SEC that involved working with the court-appointed Receiver and a bankruptcy Trustee.
Represented a provider of international telecommunications services as plaintiff and cross-defendant in federal court, in an action in which the parties sought damages for trademark infringement, misappropriation of trade secrets, and unfair competition.
Represented a company whose controller was convicted of embezzling over $1.5 million in both civil and criminal proceedings.
Represented a victim of securities fraud in NASD/FINRA Arbitration proceedings. Case involved unauthorized trading and churning by the broker and failure to supervise by the brokerage firm. After a 5-day arbitration proceeding, reached a settlement with the broker and brokerage firm.
Represented a manufacturer in a products liability case against a materials supplier. As a result of defective products, manufacturer suffered damages of over $13 million, including loss of business. Took critical depositions, after which the case settled on favorable terms for the manufacturer.
Publications & News
Corporate & Securities Law Blog Posts
•District Court Holds No D&O Insurance Coverage For Attorneys' Fees And Costs Incurred In Voluntary Response To SEC Investigation, October 28, 2010
•Delaware Chancery Court Questions Good Faith of Directors in Sale of Company to Unrelated Party at a Premium, August 26, 2008
San Diego Daily Transcript Articles published in conjunction with special editions on:
•Top Corporate Counsel in San Diego, September 3, 2008
•Best Young Attorneys in San Diego, November 21, 2007
Served for one year as Law Clerk to the Honorable Marilyn L. Huff, Chief Judge of the United States District Court for the Southern District of California