Summary
The Supreme Court of Wisconsin reinstated Richard A. Kranitz’s license to practice law after reviewing a referee’s recommendation in a reinstatement proceeding. Reinstatement was conditioned on compliance with specified Securities and Exchange Commission consent orders, prompt notice to the Office of Lawyer Regulation of changes to those orders, and payment of $3,142.97 in proceeding costs.
Holdings
- The court applies a clearly erroneous standard to the referee's factual findings and reviews legal conclusions, including satisfaction of the reinstatement criteria, de novo.
- Kranitz established by clear, satisfactory, and convincing evidence that he satisfied all criteria for reinstatement of his Wisconsin law license.
- Reinstatement was properly granted subject to Kranitz's continued compliance with two SEC consent orders restricting his practice and securities-related activities, and subject to additional reporting, status, and cost requirements.
- Kranitz must pay the $3,142.97 costs of the reinstatement proceeding.
Questions Presented
- Whether Kranitz satisfied the statutory and rule-based criteria for reinstatement of his Wisconsin law license by clear, satisfactory, and convincing evidence.
- What conditions and costs should accompany reinstatement.
Disposition
other
Cases Cited (5)
- United States v. Kranitz, CR No. 11-10415-NMG (D. Mass.)(followed)
- In re Disciplinary Proceedings Against Kranitz, 2014 WI 47, 354 Wis. 2d 710, 848 N.W.2d 292(followed)
- In re Disciplinary Proceedings Against Jennings, 2011 WI 45, ¶39, 334 Wis. 2d 335, 801 N.W.2d 304(followed)
- In re Disciplinary Proceedings Against Gral, 2010 WI 14, ¶22, 323 Wis. 2d 280, 779 N.W.2d 168(followed)
- In re Disciplinary Proceedings Against Webster, 2002 WI 100, ¶¶51-52, 255 Wis. 2d 323, 647 N.W.2d 831(followed)
Cited In (0)
No citing cases on record yet.
Court Document
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