Pastore & Dailey has been named among the Top Lawyers in 2017 in recognition for Excellence and Achievements by New York Magazine for Commercial Litigation, and Labor and Employment. This is the Third Year in a row the Firm has received such an award.
Category: News
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.
Pastore & Dailey adds Cybersecurity Authority as Partner
Pastore & Dailey is pleased to announce the addition of John R. (“Jack”) Hewitt as Partner in the Firm. Mr. Hewitt is recognized as one of the nations leading attorneys in cyber law and cyber security compliance issues. He has advised firms on their development of information security programs and has guided them through cyber incidents and regulatory inquiries. Mr. Hewitt regularly conducts cybersecurity audits for broker-dealers and investment advisers, and was the SEC appointed independent outside consultant in the first major SEC cybersecurity enforcement action. Mr. Hewitt brings to the Firm his extensive experience in securities regulation including his tenure as an Ohio Assistant Attorney General and senior prosecutor for the Ohio Division of Securities, followed by his role as a Senior Counsel in the SEC’s Enforcement Division in Washington, D.C. Mr. Hewitt has been partner and counsel at several of the country’s top law firms including Mayer Brown LLP, McCarter & English and Kelley Drye & Warren. Mr. Hewitt’s experience compliment’s Pastore & Dailey’s leading role in the securities and banking field, adding to the roster that includes attorneys recognized as top securities litigators, former Wall Street general counsels, attorneys recognized as leaders in consumer finance litigation, NYSE staff attorneys and the former Secretary of State for Connecticut and U.S. Senate candidate. For more information please view Mr. Hewitt’s full bio.
Defending Consumer Protection Claims
Pastore & Dailey has represented a significant and industry-leading Midwestern bank in connection with multiple claims against the bank for violation of consumer protection laws in Florida, successfully dismissing many claims.
P&D Joins Professional Service Firm IR Global
Pastore & Dailey LLC is a recently accepted member of IR Global as a Capital Markets Firm for New York and Connecticut. IR Global is the fastest growing professional service firm network in the world, providing legal, accountancy and financial advice to companies and individuals across 150 jurisdictions. Each Firm, passing a stringent vetting process upon joining and recommended exclusively by jurisdiction and area of practice. Pastore & Dailey LLC was announced as new members of the IR Global Group in their latest newsletter.
Prospector Theater in Ridgefield, Connecticut
Pastore & Dailey LLC was a proud sponsor of the Prospector Theater’s First Annual Sparkle Cup Golf Outing. The event took place at Ridgewood Country Club in Danbury, CT. Pastore & Dailey’s Law Clerk Leigh Wellington attended and played in the golf outing. The Prospector Theater is a non-profit organization dedicated to providing meaningful employment for adults with disabilities, including through the operation of its movie theater.
Representing Municipal Bond Trader
Pastore & Dailey has represented a municipal bond trader, who had coordinated billions of dollars in bond trades, in connection with claims against a large international bank and brokerage house, successfully resolving the case in FINRA arbitration.
Representing Former Commodities Trader
Pastore & Dailey has represented a former commodities trader in connection with employment and illegal business practice claims against one of world’s largest commodities trading houses.