Pastore & Dailey recently defended an investment banking firm client in a complex multi-million dollar suit brought against them in the United States District Court for the District of Nebraska. The Court granted Defendants Motion and dismissed all claims against our client.
Category: News
Joseph Pastore Receives AV Rating From Martindale Hubbell For 15 year In A Row
Mr. Pastore has been ranked AV Preeminent for as long as that award has been available and AV for 15 years in row. AV is the highest ranking possible from Martindale Hubbell, the recognized leader in attorney profiles and rankings. According to the notice from Martindale Hubbel to Mr. Pastore “For years you have maintained the highest standards in both your ethical behavior and quality of your legal work.”
Pastore & Dailey Successfully Secures Case Dismissal in Multi-Billion Dollar S&P Ratings Case
In a high profile matter, Pastore & Dailey represented a senior executive of S&P, formerly McGraw Hill Financial Inc., in connection with claims brought by shareholders against S&P and its executives related to the financial services agency’s ratings of RMBS during the 2008 financial crisis. Cahill Gordon was co-counsel. The lower court rejected the shareholders’ arguments, and the New York Appellate Court affirmed and rejected the appeal in its entirety. The Court also found that the claims were barred under the six-year or three-year statute of limitations.
Pastore & Dailey Successfully Secures Case Dismissal in Multi-Billion Dollar S&P Ratings Case
In a high profile matter, Pastore & Dailey represented a senior executive of S&P, formerly McGraw Hill Financial Inc., in connection with claims brought by shareholders against S&P and its executives related to the financial services agency’s ratings of RMBS during the 2008 financial crisis. Cahill Gordon was co-counsel. The lower court rejected the shareholders’ arguments, and the New York Appellate Court affirmed and rejected the appeal in its entirety. The Court also found that the claims were barred under the six-year or three-year statute of limitations.
Pastore & Dailey Represents Boca Raton Financial Advisor in Arbitration Against High-Profile Financial Services Company
Pastore & Dailey was retained by one of Boca Raton’s top producing financial advisors. Our client brought hundreds of millions of dollars in assets to a major financial services company. Pastore & Dailey attorneys have brought a FINRA arbitration in the Boca Raton regional office.
Pastore & Dailey Successfully Negotiates Agreement for Former Investment Professional of Hedge Fund
Pastore & Dailey attorneys successfully obtained a favorable agreement on behalf of a client in a dispute with a former hedge fund employer in a private EEOC complaint. The complaint alleged employment discrimination and sexual harassment. This favorable settlement prevented litigation in federal court and resulted in considerable compensation to our client.
Pastore & Dailey Represented Mortgage Services Company in Financing Transaction
Pastore & Dailey represented a mortgage servicing company in a financing transaction designed to allow the company to service a multinational bank. The transaction required expert and careful drafting and negotiation as it involved affiliates as well. Goodwin Proctor’s San Francisco office represented the lender.
Pastore & Dailey Represented Mortgage Services Company in Financing Transaction
Pastore & Dailey represented a mortgage servicing company in a financing transaction designed to allow the company to service a multinational bank. The transaction required expert and careful drafting and negotiation as it involved affiliates as well. Goodwin Proctor’s San Francisco office represented the lender.
Private-Equity Firm Manaer Prevails in Federal District Court Against the Milstein Family
Private- equity firm manager Dean Barr, along with his attorneys at Carmody Torrance Sandak & Hennessey LLP, successfully defended claims brought against him by the Milstein Family, the founders of Burlington Coat Factory and investors in Mr. Barr’s firm. The Milsteins had invested several millions of dollars in the fund before its ultimate decline, and claimed that the risks associated with the investment were misrepresented to them. The Connecticut District Court disagreed, and ultimately found that the Milsteins were sophisticated investors, were aware of the risks related to their investment and dismissed the claims brought against Dean Barr. Mr. Barr has retained Pastore & Dailey to bring claims of his own in Connecticut State Court against the Milsteins as well as his former partners.
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Pastore & Dailey Successfully Represents Broker Dealer Regarding Errors in Filings
Pastore & Dailey successfully obtained a favorable stipulation and agreement with the Connecticut Department of Banking on behalf of a large national registered broker-dealer. The Department of Banking conducted an investigation into the broker dealer and concluded that the broker-dealer has failed to file a timely U5, included misinformation on a U4, and failed to renew its registration for the calendar year. Following our successful representation, the broker dealer was able to amend its filings and receive a favorable stipulation and agreement with the Department of Banking.