Pastore & Dailey LLC Successfully Shields Corporate Officer from Liability in Billion Dollar Action

Pastore & Dailey LLC successfully represented a Managing Director of an international Fortune 500 Company. The Managing Director was named as an individual defendant in a securities shareholder derivative action. Claims of breach of fiduciary duty, aiding and abetting a breach of fiduciary duty, contribution and indemnification, and unjust enrichment were asserted against each of the individual defendants. Plaintiff sought monetary damages, disgorgement of compensation, and injunctive relief. After filing a Motion to Dismiss, the Supreme Court of New York granted the Motion on December 21, 2016, effectively dismissing all claims in their entirety against each individual defendant. Pastore & Dailey LLC was co-counsel with an Am Law 50 firm in this action.


Pastore & Dailey Successfully Concludes Nationwide Class Action Suit in the SDNY

Pastore & Dailey represented a national retailer in connection with a class action brought in the SDNY alleging that retailer violated the Fair and Accurate Credit Transactions Act or FACTA, 15 USC section 1681c(g).   On September 3, 2015 Judge Gardephe of the SDNY issued and order finding that the proposed settlement was fair, resolving the claims against our client without and dismissing the class action.

Wrongful Termination Settlement

Pastore & Dailey has successfully represented a multi-billion dollar municipal bond trader in connection with his wrongful termination from a large multinational bank. This termination was based on allegations of violation of the Bank Secrecy Act. Pastore & Dailey settled a FINRA arbitration brought against the trader arising from these claims.