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Buchalter

Richard P. Ormond

Richard P. Ormond

Shareholder

Expertise

  • Litigation

WSG Practice Industries

Activity

Buchalter
California, U.S.A.

Profile

Richard Ormond has over 20 years-experience that includes business law, real estate, banking, receivership, cannabis regulations, commercial litigation, and restructuring.  He has tried numerous cases in State Court, Federal Court and Bankruptcy Court and has arbitrated dozens of matters.  Mr. Ormond is recognized as one of the nation’s leading experts concerning receivership law and cannabis regulations, banking and financing.

Mr. Ormond serves as the chair of the California Receivers Forum and he is the former Chair of the Remedies Division of the Los Angeles County Bar Association.  Mr. Ormond also teaches Cannabis Business Law at Loyola Law School and Continuing Legal Education courses on dispute resolution, debt enforcement, secured transactions, cannabis law and receiverships.

In 2018 Mr. Ormond was nominated for the prestigious “Leader in Law” award by the Los Angeles Business Journal  and he was previously selected as one of “Los Angeles’ Top 100 Lawyers.”  He is repeatedly recognized as a “Super Lawyer” and he was selected as one of the “Top Cannabis Law Experts in the United States” by Databird Research Journal.

In 2020, Mr. Ormond was featured in the Netflix documentary series “The Business of Drugs.” Mr. Ormond shared his legal perspective on the issues facing the California cannabis markets.

Mr. Ormond is the founder of the firm’s Cannabis & Hemp Industries Group, is the co-chair of the Fiduciaries and Receivers Industries Group, is the founder and former chair of the firm’s Diversity Committee, is the former chair of the firm’s Pro-Bono Committee, is a former member of the firm’s board of directors and is the former hiring chair for the firm, a position he held for almost ten years.

Mr. Ormond is also the CEO and co-founder of Ejudicate, Inc. an online dispute resolution platform.

Bar Admissions

  • California

Education

  • University of California, Los Angeles
  • University of San Diego School of Law
  • University of Buenos Aires
  • University of Belgrano
Articles

Solutions and Alternatives to Bankruptcy in the Cannabis Industry and Financing Options Available
Buchalter, May 2020

A Marijuana Related Business (or MRB), whether a plant-touching operation or a provider of goods and services to a plant-touching operations cannot seek protection from the Bankruptcy Court as Bankruptcy Court is a Federal Court and Cannabis remains illegal at the Federal level...

Additional Articles

  • Receivership in Real Estate Transactions
  • Solutions & Alternatives to Bankruptcy for Cannabis Businesses
  • Solutions and Alternatives to Bankruptcy in the Cannabis Industry and Financing Options Available
  • Cannabis, Cash, and Crime
  • Receivership as a Legal Remedy: Breaking down receivership; advantages and impact of enacting receivership
  • The Impacts of South Korean Hanjin Shipping Co Ltd. Filing for Court Receivership
  • How Safe Is Your Security Interest in Intellectual Property? Five Tips That Protect You
  • Receiverships: Maximizing Returns From Distressed Real Property
  • Receiverships Boom
  • Consider a Receiver for Your Restructuring and Turnaround
  • The Receiver Strikes Back: Navigating Coordinated Tenant Rent-Strikes Through a Receivership
  • “Zip It” on Asking for ZIP Codes: New Supreme Court Decision
  • Private Practice Court Rules Regarding Private Information in Filings and Pleadings
  • Opinion: Is the House Getting it Right on Patent Reform?


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