Pastore & Dailey has filed a broad trademark action in Federal Court seeking to enforce the intellectual property rights of one of the best know fashion designers in world against alleged infringers of its trademarks. The action has received substantial press coverage.
Category: News
Pastore & Dailey Secures Settlement in Failed Systems Case
Pastore & Dailey recently secured a favorable settlement in a case involving the loss of server data from an accounting firm. The settlement, which was reached after the loss of vital data from the client’s computer network, helped the client offset substantial financial harm produced by the server failure.
Pastore & Dailey Wins Jurisdictional Motion Involving Connecticut, Pennsylvania, and Texas
On July 23rd, 2019, Pastore and Dailey prevailed in a jurisdictional motion against a Texas defendant accused of participating in the theft of intellectual property, obtaining a ruling that denied the defendant’s motion to dismiss for want of jurisdiction. An evidentiary hearing has been scheduled to assess the jurisdictional claims of two other defendants connected to the alleged intellectual property theft, which involves the transfer of proprietary information between competing health food companies.
Pastore & Dailey Defeats Motion to Dismiss Filed by Billionaire in Greenwich Hedge Fund Dispute.
Pastore & Dailey defeated a motion to dismiss, and a motion to stay filed by heirs to a large national retail fortune in connection with their alleged efforts to take over a Greenwich based alternative investment hedge fund. Pastore & Dailey also defeated a motion to stay the proceedings and a motion to dismiss certain particular claims. The case involves the purposeful deflection of a planned $1 Billion investment by a large UK fund into the Greenwich fund and related defamation.
Pastore & Dailey Settles Complex CERCLA Suit with the Department of Justice on behalf of Client
Recently, Pastore & Dailey entered into a consent decree with the Department of Justice on behalf of an asset management firm, settling a complex Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) suit in the United States District Court for the Southern District of Florida. Pursuant to the consent decree, the United States agreed to not to sue or take administrative action against Pastore & Dailey’s client. The Department of Justice printed the resolution of the matter in Volume 84 of the Federal Register dated May 24, 2019.
Pastore & Dailey Advises Clients on the Complexities of Family Offices
Recently Pastore & Dailey advised clients on complex questions regarding family offices and the compensation of non-family member “key employees” of such offices. Pastore & Dailey referenced the Investment Advisers Act of 1940, Dodd-Frank, and other securities act provisions to help the clients maneuver the complex structure of a family office and how to properly compensate non-family member employees pursuant to these provisions so as to not lose the family office exemption.
New DECD Commissioner
Connecticut’s former head of the Department of Economic Community Development (DECD), Catherine Smith invested over a billion dollars in major projects and programs that aimed to jumpstart job creation and retention in the State of Connecticut. During her tenure, Smith credited the agency with making strides by supporting job growth in major industries including: advanced manufacturing and technology, and science, technology, engineering and mathematics (STEM) education.
Governor Ned Lamont has recently appointed former Goldman Sachs executive David Lehman as Commissioner of the DECD and the Governor’s Senior Economic Advisor. Lehman, a Greenwich native, most recently led Goldman Sachs’ public sector and infrastructure finance group. Lehman spent over 15 years with Goldman and brings valuable business and financial experience to state government. Gov. Lamont and Lehman look to lead an “aggressive” strategy to recruit businesses through state agency collaborations and managing long-term strategies, including implementing new “opportunity zones,” emphasizing long-term financial sustainability and success of the state and its residents.
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.
Pastore & Dailey Is Pleased to Welcome Allison “Alex” Frisbee and Christopher Kelly as Counsel to the Firm
Pastore & Dailey is pleased to welcome Allison “Alex” Frisbee and Christopher Kelly as Counsel to the Firm.
These additions build the Firm’s corporate investigations capabilities and further strengthened Pastore & Dailey’s securities regulatory and corporate transactional practices. Alex and Chris join an exceptionally talented and experienced group of attorneys in the securities and corporate practices, with experience at the SEC, NYSE, state attorney generals, AM Law 200 firms and large wall street firms.
Alex Frisbee – At K&L Gates LLP in its Washington, DC office, Alex worked on corporate investigations, securities enforcement and white collar matters (including complex internal investigations), and represented clients before the SEC, FINRA and other regulatory bodies. Prior to K&L Gates, Alex worked at the New York Stock Exchange in its Division of Enforcement (subsequently part of FINRA) and in the NYSE’s Office of General Counsel. Alex has vast experience in securities regulatory matters working both as an investigator and attorney at the NYSE. At KL Gates, she has drafted Wells Submissions, white papers, letters and other advocacy pieces to regulators on behalf of public and private companies, broker-dealers, investment companies, investment advisers, corporate officers, directors, and individuals. Alex is a graduate of Washington and Lee University School of Law and Davidson College.
Christopher Kelly – Chris has practiced corporate, securities, transactional, fund and banking law for over 30 years at the most sophisticated levels. He has worked on a wide variety of complex transactions aggregating in value over $10 billion. He has handled multi-billion-dollar mergers & acquisitions, asset deals, stock purchase and sale transactions, and public and private stock and debt offerings. His securities offerings have included common stock, preferred stock, trust preferred, mortgage-backed securities, other asset-backed securities, medium-term notes and debentures. Chris has extensive experience with fund formation (on-shore and off-shore), compliance and regulatory matters for hedge funds, private equity funds, banks, and other financial institutions, including compliance programs, compliance training, compliance testing, compliance manuals, AML/KYC, surveillance, valuations, business continuity plans, advertising and sales and trading. He has served as general counsel and chief compliance officer of investment advisers and of a broker-dealer. Chris began his practice in New York with Skadden, Arps, Slate, Meagher & Flom. He then served as a Partner at Silver, Freedman & Taff, a leading corporate/securities boutique representing banks and other financial institutions, before joining Proskauer Rose LLP as a Partner in its New York office. He left Proskauer to pursue various entrepreneurial opportunities, and to now serve as Of Counsel to Pastore & Dailey LLC. Chris is a graduate of the University of Virginia School of Law and graduated with High Honors from the University of Virginia prior to attending law school there.
Pastore & Dailey Wins Motion to Stay in favor of arbitration on behalf of Connecticut Hedge Fund in Southern District of New York
Pastore & Dailey represented a Connecticut based hedge fund and its CEO and Managing Member in connection with a dispute brought over loan agreements used to fund Beta testing of an algorithmic trading methodology. After extensive briefing and time and effort reviewing the numerous complex agreements and navigating the Federal Judge through incredibly complicated documents, Pastore & Dailey successfully persuaded the Court to compel the plaintiffs to arbitrate their claims and stay the action pending arbitration.