About Us


McCarthy, Lebit, Crystal & Liffman is a renowned full-service law firm headquartered in Cleveland, OH. Our areas of practice include Banking & Finance, Corporate, Mergers & Acquisitions, Creditor Rights & Bankruptcy, Taxation, Insurance Coverage, Intellectual Property, Real Estate & Construction, Education, Family Law, Trusts & Estates, Employment, Personal Injury & Wrongful Death, Criminal, Cyber & White Collar, Alternative Dispute Resolution and Litigation.


The Stockmarketloss group, a litigation team within the MLCL law firm, consists of investment misconduct lawyers Jay H. Salamon, and Hugh D. Berkson. We spend nearly all of our professional time litigating investment disputes, exclusively representing investors injured by stockbrokers, investment advisors, insurance agents, and other investment professionals.


We have spent nearly 50 years fighting on both sides of the securities litigation wars. For decades, we represented major securities broker-dealers, defending them against customer claims of fraud and negligence. But we eventually became tired of defending activities we felt were unconscionable. Every day, we saw elderly and vulnerable retirees, blue-collar and middle-class investors, professionals, and business executives losing their hard-earned money at the hands of incompetent, reckless, or dishonest stockbrokers, investment advisers, financial planners, and insurance agents. As a consequence, we decided to redirect our efforts and to focus solely on helping investors who have been victimized by corrupt or careless brokerage firms, insurance companies, and investment advisory firms, as well as individual brokers and agents.

Our many years spent defending brokerage firms have provided us with valuable insight into the strategies employed by stock brokers and their lawyers. We know how they think and what tactics they’ll use. Because of our experience, you can feel confident in our ability to anticipate and prepare for whatever may happen in your case.


We really love what we do. Real human beings, often in dire straits, come to us as victims of corporate greed and dishonesty. We empower people to fight back.

We may over-work your case, but we’ll never under-work it. We’re sincerely devoted to each client and we consistently put forth the effort clients deserve and expect from us. We take every conceivable ethical measure to fight for the best result for each client, and securities defense lawyers and investment consultants know it. That’s why so many of our referrals come from securities law firms and principled financial professionals. They refer their own clients to us when those clients run afoul of a bad broker or investment adviser.


We’re proud of the reputation we’ve earned in the legal community. For example, each of the team’s attorneys has received an AV® Preeminent™ rating from Martindale-Hubbell®. The most authoritative guide to the American legal profession, Martindale Hubbell® has assigned ratings to lawyers for over a century and currently rates more than 150,000 lawyers each year. The “AV” rating awarded to Jay, Hugh, and the firm is the highest possible, reserved for lawyers and firms who are “very high to preeminent in professional reputation and very high in ethical standards.”

Jay Salamon is a 15-year member of the Public Investors Arbitration Bar Association (PIABA), an international legal association for practitioners who represent investors in disputes with the securities industry. He served as one of the founding editors of the PIABA Bar Journal, a quarterly compilation of articles authored by practitioners, experts, mediators, arbitrators and law school professors concerning securities arbitration and issues related to the representation of injured investors..

Hugh Berkson also is a long time member of PIABA. Hugh has just completed a term as President of PIABA. He also serves as a member of PIABA’s Board of Directors. Hugh has earned the esteem of his peers as a frequent lecturer on investment litigation issues, both through PIABA and in other national forums. He has been widely quoted in the press on a variety of issues affecting retail investors.

When you need seasoned, savvy, and dedicated champions to fight for you, look no further than Stockmarketloss. We handle legal matters nationwide. From California to Maine, and anywhere in between, call us toll free at (866) 932-1295.