Lawrence H. Heftman

Client Work

• Prosecuted claims against auditor resulting in $625 million damages award, the largest ever auditing malpractice damages award, after five-week bench trial.
• Represented a Fortune 500 financial institution in four-week jury trial resulting in a complete trial victory, successfully defeating claims for more than $65 million in damages and obtaining a judgment for more than $1.2 million for his client.
• Representing a chicken processor in a multidistrict antitrust litigation and related state Attorney General actions in Washington, Alaska, and New Mexico.
• Prosecuted director & officer claims leading to multimillion dollar verdict after several week jury trial in California.
• Represented a real estate seller in multi-week bench trial, defeating claims of breach of contract and for specific performance, achieving a complete victory resulting in full recovery to client on counterclaim.
• Won summary judgment defending trustee of $150+ million trust against breach of fiduciary duty claims brought by a state attorney general and contingent beneficiaries.
• Defeated multimillion dollar fraud and breach of fiduciary duty claim on behalf of Fortune 100 financial institution. Won motion to dismiss with prejudice, avoiding any discovery cost to his client.
• Defended corporate directors against shareholder class action resulting in summary judgment ruling upheld by Delaware Supreme Court.
• Represented plaintiff in fidelity bond lawsuit involving fraud and conflict of interest in loan approval resulting in favorable settlement.
• Prosecuted trust construction claim and achieved summary judgment for beneficiary compelling trust distribution. Affirmed on appeal.
• Prosecuted claims for breach of fiduciary duty and legal malpractice claim against individual trustee and law firm involving hundreds of millions of dollars in damages, leading to favorable settlement.
• Bench trial in commercial landlord-­tenant dispute resulting in complete verdict in client’s favor for possession and damages.
• Tried multi-day arbitration regarding contingent attorney fee and legal ethics dispute leading to favorable settlement during arbitration.
• Conduct investigation of claims for improper lending and underwriting violations.
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Publications, Presentations & Recognitions

Presentations

• “Witness Preparation,” Pincus Professional Education’s Mastering the Deposition (Apr. 13, 2017)
• “Cain v. Abel, Dealing with Sibling Rivalries in Family Owned Businesses,” American Bar Association Webinar (Apr. 19, 2016)

Recognitions

• The Best Lawyers in America, Best Lawyers (2021-2024)
• Illinois Leading Lawyer, Law Bulletin’s Illinois Leading Lawyers Network (2020-2021)
• Emerging Lawyer, Law Bulletin Publishing Company’s Leading Lawyers (2016-2019)

Professional Activities

Larry regularly represents indigent clients at the Chicago Volunteer Legal Services clinic addressing their critical needs in bankruptcy, divorce, and child custody.

Larry has also taken on significant and complex pro bono litigation. Larry has litigated two related federal lawsuits, including a federal jury trial, on behalf of an individual falsely accused and detained after the 9/11 attacks. He also represented an inmate on Georgia’s death row in state habeas evidentiary proceedings.