Frenkel is now in private practice at Shulman Rogers Gandal Pordy Ecker PA in Potomac, Maryland.

"We intend to pursue the case, pursue the litigation," Jonathan K. Levine, a lawyer for the Raymond James investors at Girard Gibbs LLP in San Francisco, said in a phone interview yesterday.

The case is Defer LP v. Raymond James Financial Inc., 08- cv-3449, U.S. District Court, Southern District of New York (Manhattan).

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