Federal Prosecutor and Veteran Trial Lawyer Open Litigation Firm Procel Levine LLP in Los Angeles

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Federal Prosecutor and Veteran Trial Lawyer Open Litigation Firm 
Procel Levine LLP in Los Angeles 

-- Brian Procel and Jeremiah Levine join forces with a focus on commercial litigation -- 

LOS ANGELES (October 28, 2025) – Veteran trial lawyer Brian Procel and former federal prosecutor Jeremiah Levine have launched Procel Levine LLP, a litigation boutique with a nationwide practice representing both plaintiffs and defendants in high-stakes business disputes. The firm handles matters involving fraud, class actions, privacy, entertainment, real estate, financial services disputes, government investigations, white-collar criminal defense, breach of fiduciary duty, and more. Brian is a seasoned litigator who founded Procel Law, co-founded Miller Barondess, and began his career at Quinn Emanuel Urquhart & Sullivan, LLP. Jeremiah brings more than a decade of first-chair trial experience, having served as a federal prosecutor and as a litigator at Morrison & Foerster. 

“Jeremiah and I have known each other for years and have a deep appreciation for the work and success each has achieved,” commented Brian. “Together, we bring a powerful background of trial experience to clients facing complex, bet-the-company litigation throughout the U.S. We are strategists who think twelve moves ahead and put outcomes over hours, meaning clients receive trial-tested advocacy that’s efficient and principled.” 

“Brian and I started Procel Levine to win the right way for our clients: ethically, efficiently and aggressively. Having both come from big law earlier in our careers, we are uniquely positioned to deliver big law quality with the efficiency and personal attention of a boutique firm,” said Jeremiah. “We thrive on tackling high-stakes cases – often against opponents with far larger teams – and have a track record of prevailing in those matters. If it’s a complex case and involves a courtroom, we can handle it.” 

Demonstrating the firm’s ability to deliver successful outcomes in complex cases, Procel Levine recently represented Stockdale Capital Partners, a multibillion-dollar real estate investment firm, as the defendant in a contractual dispute with Maguire Partners involving a large downtown Los Angeles commercial property. Spanning four years of litigation, the firm obtained summary judgment on the vast majority of claims, and following mediation, the remaining claim was dismissed with prejudice, resulting in a complete victory for Stockdale. Stockdale obtained a release of liability without payment or other liability. 

Procel Levine is also representing four former LSV Asset Management (LSV) partners in their $100 million lawsuit pending in Chicago. That case alleges LSV founder Josef Lakonishok, Chief Legal Officer Josh O'Donnell and several other high-level executives engaged in a 

fraudulent scheme to force the sale of their equity at a significantly reduced price. In June, the firm successfully defeated LSV’s motion to dismiss the case, allowing the plaintiffs’ key claims of breach of fiduciary duty and breach of the implied covenant of good faith to move forward. 

About Procel Levine’s Founding Partners 

Brian Procel has been a trial lawyer for more than two decades, prevailing in complex commercial disputes involving investor and consumer fraud, class actions, breach of fiduciary duty, lender liability, intellectual property, entertainment and real estate. He has been recognized on Daily Journal’s list of “Top 20 Lawyers Under 40” in California, and received awards from the State Bar of California, Los Angeles County Bar Association and Bet Tzedek Legal Foundation for his dedication to pro bono work. Brian received his law degree from the University of California Berkeley School of Law. 

Jeremiah Levine previously served as a federal prosecutor, where he prevailed in numerous jury and bench trials and indicted the largest white supremacist case in the history of the Justice Department. He also prosecuted complex RICO matters and white-collar crime, including bank fraud and COVID benefits fraud. Before his work as a federal prosecutor, Jeremiah was an award-winning civil and white-collar litigator at an Am-Law top 20 global law firm. There, Jeremiah ran internal investigations that he completed on time and under budget, won dismissal of government investigations before charges, and won not guilty verdicts at trial for corporate defendants. In the civil arena, Jeremiah won injunctions in favor of Fortune 500 companies suffering from expressive activity on their property; resolved complex disputes in the areas of securities litigation, financial services, and intellectual property, and prevailed in numerous class actions. Jeremiah also achieved appellate victories at the Ninth Circuit and California state courts of appeal. He graduated cum laude from Harvard Law School. 

Procel Levine LLP Wins Dismissal of Complaint

On July 23, 2025, Procel Levine won a voluntary dismissal of a complaint against its clients, Landmark Dividend LLC and Landmark Infrastructure Holding Company LLC (collectively, “Landmark.”) Landmark is a global leader in the acquisition, development, and management of real estate and infrastructure. 

The complaint alleged that Plaintiff transferred interests in real property to Landmark. Plaintiff then sued Landmark, alleging four causes of action regarding the transaction. Landmark moved to dismiss the complaint. After litigating the motion to dismiss, Plaintiff voluntarily dismissed the case. 

The victory demonstrates Procel Levine’s prowess in commercial litigation in any venue across the United States. It came fewer than three months after the case began. The team included founders Brian Procel and Jeremiah Levine, and local counsel John Swallow of the Huseman Law Firm. 

Procel levine defeats LSV Asset Management Bid to Dismiss $100M Lawsuit by Former Partner

LSV Asset Management Loses Bid to Dismiss $100M Lawsuit by Former Partners; Plaintiffs Allege Scheme to Force Sale of Equity at Significantly Reduced Price

In a major win, four former LSV Asset Management (LSV) partners successfully defeated LSV’s motion to dismiss the case, allowing their key claims of breach of fiduciary duty and breach of the implied covenant of good faith to move forward. The $100 million suit alleges LSV founder Josef Lakonishok, LSV's Chief Legal Officer Josh O'Donnell and several other high-level executives engaged in a scheme to force the sale of the plaintiffs’ equity at a significantly reduced price without their consent. The lawsuit further alleges that LSV and its executives acted for their own benefit and had pervasive conflicts of interest. (See original complaint/press release below).

A Circuit Court of Cook County judge rejected LSV’s arguments that the suit was meritless, time-barred or contractually justified, and declined to find any defense at this stage on the claims for breach of fiduciary duty and breach of the implied covenant of good faith. Plaintiffs will proceed with discovery, including obtaining sworn testimony from Lakonishok, O'Donnell and the other executives.  

“We look forward to deposing LSV's executives to see how they explain forcing their former partners to sell vested shares without their consent" commented lead attorney Brian Procel of Procel Levine, PC. “To make matters worse, LSV has withheld more than $25 million from Plaintiffs--LSV claims the $25 million generated by the forced sale is a ‘reasonable litigation reserve.' Plaintiffs haven’t seen a dime from the sale of the shares they worked their entire careers to earn. It’s another example of LSV exploiting their former partners and taking advantage of the situation for their own gain. We are eager to present this case to a jury.”

The hearing was held June 13, 2025, with a final order expected to be signed by the court imminently. While the court granted LSV’s motion to dismiss the fraud claim, it has permitted Plaintiffs to file an amended fraud claim. Any subsequent motion to dismiss filed by Defendants as to the fraud claim will be heard in October 2025.  

LSV is owned, in part, by SEI Investment Company, a publicly-traded entity.