We have recently been retained to defend a ratings agency corporate executive in case of substantial importance to the United States financial industry involving shareholder breach of fiduciary duty claims relating to credit ratings given to mortgage backed securities. This action is pending in state court in New York, and the damages sought are in the billions.
Pastore & Dailey LLC is pleased to announce another victory in a New York State Court case regarding the employment of a high-level individual in the financial industry. In a recent decision, Pastore & Dailey successfully argued that an employee was entitled to proceed in arbitration against his former employer, as bargained for under his employment agreement. This decision exemplifies Pastore & Dailey’s skill and unyielding desire to seek the best, most efficient, and most beneficial result for our clients.
