Pastore & Dailey LLC successfully represented a long standing hedge fund client that specializes in micro cap lending in two separate phases of litigation against a sophisticated commercial borrower. First, Pastore & Dailey secured a favorable settlement for its client as a result of filing an application for pre-judgment remedy, which sought to attach the assets of the defendant, who was an out of state resident. After the settlement agreement was breached over a year after it was executed, Pastore & Dailey’s investigation into the Defendants representations during the settlement negotiation process led it to conclude that the Defendants fraudulently induced our client into signing the settlement agreement. Pastore & Dailey LLC filed various motions for contempt and sanctions based on the fraudulent inducement. After two days of hearings and a plethora of briefs, the Court found that Pastore & Dailey LLC showed, by meeting the very high standard of clear and convincing evidence, that Defendants committed fraud in inducing our client to execute the settlement agreement. The Court ultimately awarded sanctions against Defendants in the form of attorneys’ fees, voided the settlement agreement, and allowed our client to continue to pursue its claims against Defendants.
Month: February 2016
Pastore & Dailey Defeats AM Law 25 firm in Delaware Bankruptcy Court Concerning Investment Banking Fee
Pastore & Dailey successfully dismissed claims filed in Delaware bankruptcy court by one of the nation’s largest mineral mining companies. Pastore & Dailey represents an investment bank seeking a fee associated with $650 million in construction financing for the project. The mining company was attempting to avoid paying this fee by asserting that claims had been discharged in bankruptcy.
Matthew Bowie Joins Pastore & Dailey LLC, Will Manage Firm’s New Boston Office
The law firm of Pastore & Dailey LLC is pleased to welcome Matthew Bowie as Counsel. Matthew will open and manage Pastore & Dailey’s new Massachusetts office in the Cambridge Innovation Center located at 50 Milk St. in Boston’s Financial District. Pastore & Dailey also has two Connecticut offices in Glastonbury and Stamford, two Florida offices in Gainesville and Melbourne, and an office in New York City. Matthew joins a fast-growing firm of professionals, including the former Connecticut Secretary of the State, the former general counsel of a Wall Street firm, and a senior New York Stock Exchange regulatory attorney. Matthew will assist clients seeking legal representation in matters involving corporate law, securities law, finance, and intellectual property.
Prior to joining Pastore & Dailey, Matthew practiced law at Goodwin Procter LLP. At Goodwin Procter, Matthew served as counsel for various prominent companies and individuals, including the nation’s largest mortgage lender, the world’s largest third-party coin certification service company, and several directors of a significant multinational chemical company. After his time at Goodwin Procter, Matthew served as Associate Counsel for Consumers United, Inc., reporting directly to the General Counsel of the largest online, independent auto insurance agency in the United States.
Matthew earned his Bachelor of Arts from Boston College, graduating magna cum laude. He then earned his law degree from The George Washington University School of Law, graduating with honors. Before practicing law, Matthew served as an internal operations consultant for F.W. Webb. Matthew is admitted to practice law in Massachusetts. Matthew stated, “I am excited to open and manage Pastore & Dailey’s Boston office and to provide world-class legal services to clients in the thriving business community of the Greater Boston area.”
“We are extremely pleased to bring Matt to the firm and expand our practice to the Boston market,” said Pastore & Dailey’s Managing Partner, Joe Pastore. “We pride ourselves on the unique combination of big firm and sophisticated legal services coupled with a fair and reasonable approach to billing and fee structures. We are confident that with Matt’s experience and our approach, our firm will be an asset to Boston’s business community.”