Pastore has worked with several clients to represent and advise on transactions involving the sale of Personal Protective Equipment (“PPE”). Pastore has represented sale side transactions for the sale of on the ground and production order transactions for the sale of goods, including but not limited to, nitrile examination gloves, vinyl blend examination gloves, masks, and medical PPE goods. Pastore has significant experience with PPE contract negotiation, conducting domestic and international banking, anti-money laundering, and know your customer due diligence reviews, all crucial elements of these transactions. Pastore has also represented intermediary clients in structuring, brokering and acting as a liaison in connection with the sale of PPE goods.
Pastore successfully represented its client, a Registered Investment Adviser, in a preliminary injunction hearing against a national bank on an issue regarding a Paycheck Protection Program (“PPP”) loan. The hearing was held virtually in the Supreme Court of New York. The bank had taken out PPP loan money from Pastore’s client’s account and provided default notices to the client. Pastore filed for injunction on behalf of its client and the Court agreed with Pastore that the bank had interfered with its client’s ability to apply for forgiveness. The Court directed the bank to put the money in an escrow account and allow the client’s application for forgiveness to proceed through the proper channels. If the loan is forgiven, the money will be released to its client.
Pastore successfully defeated a Motion to Compel Arbitration in a case on the Complex Litigation Docket in Stamford against a billionaire represented by an AM Law 200 firm. The case involves complex direct and derivative shareholder claims in which the claims for damages are in excess of $65 million. Pastore’s client is one of the shareholders of a two-shareholder construction management company with the defendant billionaire the other shareholder. The Motion to Compel Arbitration sought to compel arbitration with respect to the entire Complaint. After Defendants conceded that the Motion to Compel does not apply to Counts One through Four, the Court agreed with Pastore and denied the Motion to Compel as to Counts Five through Twelve.
Pastore was retained to advise a large registered investment advisor in connection with the sale of its business to Victory Capital Holdings, a large national registered investment advisor. The registered investment advisor, based in Connecticut, invested primarily in microcap securities, providing services primarily to institutional investors and large religious-affiliated clients. The advisor, which was previously owned by Old Mutual Asset Management Trust Investment Funds LLC, spun out in 2009.
Pastore LLC is proud to announce that Partner, Joseph M. Pastore III has been named by Martindale-Avvo to receive the AV Preeminent Rating for the year 2021. This rating is the highest possible rating in both legal ability & ethical standards for practicing attorneys. Mr. Pastore received this honor for his exemplary devotion to judicial standards and ethics practices as an attorney. Mr. Pastore has been a recipient of this honor for the past 11 consecutive years.
Pastore is defending a major securities industry action in Los Angeles. The case involves the alleged misappropriation of client information and involves major players in the international financial markets such as KKR, Fortress, FTI Consulting, Abrams Capital, Guggenheim Partners, Citadel, Highbridge Capital, and Beachpoint Capital among others.
Partner Joseph M. Pastore selected to be on the 2021 New York Metro Super Lawyers list, an honor reserved for those lawyers who exhibit excellence in practice. Only 5% of attorneys in New York Metro receive this distinction.
Pastore was retained to advise a multi-billion-dollar registered investment advisor and related private equity funds on the restructuring of the advisor. Pastore advised the advisor and private equity funds in connection with modifications to ownership structure, distribution rights, employment rights, indemnification, and banking issues. Pastore also assisted in substantial revisions to the advisor’s Form ADV, other SEC filings, Compliance Manual, Corporate Governance documents, and Policies and Procedures.