Elizabeth Del Cid is a Partner at the law firm of Murphy & McGonigle, PC in New York City. U.S. News ranked Murphy & McGonigle a Tier One firm, which puts it among the country’s “best law firms”. In her current role, she stays on top of cyber and insurance issues affecting the financial services industry in the United States and Latin America, co-spearheads a Women’s Initiative, and participates in her firm’s legal technology Innovation Lab.
In close to a decade of practice, Ms. Del Cid has appeared before federal and state judges at the civil and criminal level, FINRA arbitrators, and administrative officers in California, New York, and Iowa. She has advised a myriad of clients, from major broker-dealers to government agencies to individuals from Latin America.
Ms. Del Cid has first chaired bench trials and second chaired jury trials involving substantial amounts in alleged damages. She has litigated several cases where a brokerage firm was forced to deal with the aftermath of a rogue advisor’s Ponzi or cherry picking scheme. She has counseled executives from national and regional financial institutions and their registered salespersons about compliance and supervisory procedures concerning outside business activities, registered investment advisory services, and due diligence of REITs, TICs and other securities products. She defended the certification of a non-opt-out class and final approval of the settlement agreement reached in a consolidated class action, arising from the sale of 199 private placement investments to 5,283 class members. Ms. Del Cid also advocated on behalf of an insurance agent in a five-year long, complex commercial dispute brought on behalf of the beneficiaries of a family trust, alleging conspiracy to violate RICO. She has defended ERISA actions as well.
Although she is an experienced trial attorney, Ms. Del Cid recognizes that not all cases should be resolved by evidentiary hearing. She is a skilled business negotiator and has reached settlements for less than the cost of defense before even participating in mediation. She is admitted to practice law in California and New York.
While practicing in Los Angeles, she worked at one of the oldest and most diverse law firms in California, Burke, Williams & Sorensen, LLP. Ms. Del Cid used to make policy and oversee its enforcement on behalf of California municipalities. Subsequently, she was associated with the law firm of Edgerton & Weaver, LLP where she was promoted to Partner. Ms. Del Cid also served on the Hispanic National Bar Association’s (HNBA) annual convention committee for Hollywood in 2008 and is a current HNBA member.
Ms. Del Cid is a first generation college graduate. She earned Bachelor’s degrees, cum laude and with departmental honors, in English and History as well as a minor in Geography within three years from UCLA. As an undergraduate, she received the Coca-Cola Scholarship, Los Angeles County’s Young Woman of the Year Scholarship, UCLA Undergraduate Research Scholarship, Teamsters Union Scholarship, Chicano National News Media Association Scholarship, and Project 10 Scholarship along with other accolades.
She then completed her Juris Doctor degree in less than three years from one of the nation’s top 20 law schools, the University of Minnesota Law School. In law school, she was on the Dean’s List, the Vice President of the Latino Law Students Alliance, a Student Ambassador, and on the National Moot Court team. She was awarded the merit-based Dean’s Distinguished Scholarship and Stone Scholarship. While studying in Minneapolis, she externed at the Eighth Circuit and provided pro bono services for parents of special education students, victims of domestic violence, and low-income residents, several of whom she assisted in her native tongue, Spanish.
Ms. Del Cid is a first generation, Mexican-American woman. Her parents, Hector and Maria Lourdes, are from Sonora and Sinaloa, México, respectively. She was born on April 21, 1983 in Los Angeles, where she also grew up. She is the youngest of three siblings.
Before practicing law, Ms. Del Cid appeared on a popular TV show called “Romper Room”, sang with Michael Jackson in the Super Bowl XXVII Halftime Show, won second place on a Spanish language variety show called “Cuanto Cuesta El Show”, and was a lead dancer in her law school’s rendition of “West Side Story”. She decided to pursue the legal profession as a result of her involvement as a staff writer on the juvenile delinquency and public education beats for a Los Angeles Times sponsored newspaper entitled L.A. Youth (readership 350,000).