Arising from a $650 Million financing dispute, Pastore LLC, representing a large national investment bank, argued at the Third Circuit on September 29th. The argument was in person in Philadelphia. Pastore LLC has brought a FINRA arbitration to collect the investment banking fee. White & Case had sought to enjoin the securities arbitration in the DE Bankruptcy Court. Pastore LLC’s clients prevailed, and the DE case was dismissed. White & Case’s client appealed to the Third Circuit, arguing that the DE Bankruptcy Court had jurisdiction to hear the case.
Pastore LLC has been tapped as counsel in two related bankruptcy matters in the Southern District of New York (presided over by Judge Drain, who is also presiding over the Purdue Pharma Bankruptcy). The first matter involved a residential development in Bronxville, New York that is the most expensive per square foot development in Westchester. The second matter involves the related construction management company. Pastore LLC represents a large creditor and owner of the construction management company.
Pastore LLC, as Co-Counsel with Skadden, Arps, Meagher & Flom LLP, is representing GPB Capital Holdings LLC in its $1+ billion sale of its automotive assets. Providing World Class Corporate Governance Advice, GPB and Skadden Arps tapped Pastore LLC to address a multitude of corporate governance issues to ensure that the dozens of GPB automotive entities were authorized to enter into the transaction. Working long nights and weekends, Pastore LLC was led by Managing Partner Christopher Kelly, a former Skadden Attorney, and a team of associates.
With Vinson & Elkins L.L.P as legal advisor to Group 1 Automotive, the transaction was signed the morning of September 13, 2021. The signing encompasses the agreement of Group 1 Automotive to purchase substantially all the automotive assets of GPB. GPB’s automotive portfolio generated $1.8 billion in annual revenues in 2020 while retailing over 52,000 new and used vehicles. This acquisition by Group 1 Automotive will provide the acquirer with 30 additional dealership locations and three collision centers, coupled with GPB’s extensive portfolio of luxury and non-luxury vehicles.
Dear Clients and Friends:
I am pleased to announce that Pastore & Dailey LLC will now be known as Pastore LLC.
After nine years of dedication to our clients’ success, our friend and colleague Bill Dailey will shift his focus toward an independent practice, while continuing to support Pastore clients when needed. Furthermore, I am pleased that Christopher Kelly will assume a new role as Managing Partner, allowing me to spend more time on our client matters.
Along with our name change, we have launched a new, modern brand identity and website that are consistent with our mission to provide “AMLAW 100” quality service to clients.
Over the last two years, we have added attorneys from Paul Weiss, Skadden Arps, McDermott Will, Proskauer Rose, Kelley Drye and KL Gates. We have senior attorneys from Yale Law School and the University of Virginia and have hired many top-flight junior attorneys from the best regional law schools. Our alumni include the Lt. Governor of the State of Connecticut and attorneys who served in-house at top financial institutions. We handle matters from New York to L.A. and around the world. We work on billion-dollar transactions and cases that receive national attention.
We strive to provide big firm quality, without the conflicts and related big firm insensitivity to cost and results. Please see our new website at pastore.net. We hope that you have stayed safe during these challenging times, and like us, look forward to a return to normalcy at home and at work.
Joseph M. Pastore III