Pastore & Dailey LLC recently sponsored and attended the 3rd Annual Hedgeye Cares Charity Golf Challenge at the Glen Arbor Golf Club in Bedford Hills, NY. For this event, Hedgeye Cares, partnered with Bridgeport Caribe Youth Leaders (BCYL). All proceeds of the event will benefit BCYL’s programs which focus on providing underprivileged youth with diverse educational and sports opportunities that foster intellectual, physical and social development.
Category: News
P&D Sponsors the Abbott House Golf Outing
Pastore & Dailey LLC was a proud sponsor of the Abbott House Dave Wade Memorial Golf Outing. The outing was held at Elmwood Country Club in White Plains, NY. The Abbott House is a nonprofit organization dedicated to serving vulnerable children, adults, and families through early intervention, quality care, advocacy, and after-care services. Proceeds from this event will support the Abbott House’s mission.
Dan Smolnik has Been Elected Director of Governmental Affairs for the League of Women Voters in Connecticut
Dan Smolnik has been elected Director of Governmental Affairs for the League of Women Voters in Connecticut. He will be handling issues associated with legislation, governmental relationships with the State’s Constitutional officers, and official policy positions and testimony. Congratulations to Dan on this fine accomplishment.
Pastore & Dailey Attorneys Fees Awarded in Florida
Pastore & Dailey LLC has successfully argued for the award of attorney’s fees and costs in the Southern District of Florida for a large Belgian Based Conglomerate. The standard for the award of attorney’s fees is often very high, given the ‘American Rule’ where each party is expected to bear their own costs for litigation. This award exemplifies the quality of work Pastore and Dailey does for their clients, and represents added value, as not only were our client’s interests successfully defended, their out-of-pocket expenses were in large part passed onto the wrongdoing defendant in this case.
Pastore & Dailey Attorneys Fees Awarded in Florida
Pastore & Dailey LLC has successfully argued for the award of attorney’s fees and costs in the Southern District of Florida for a large Belgian Based Conglomerate. The standard for the award of attorney’s fees is often very high, given the ‘American Rule’ where each party is expected to bear their own costs for litigation. This award exemplifies the quality of work Pastore and Dailey does for their clients, and represents added value, as not only were our client’s interests successfully defended, their out-of-pocket expenses were in large part passed onto the wrongdoing defendant in this case.
P&D Successfully Defends Against Motion for Summary Judgement
The Firm has achieved another victory in defeating a Motion for Summary Judgment filed by two prestigious law firms on behalf of their multi-billion dollar corporate client, a former portfolio company of Morgan Stanley Private Equity. The Motion for Summary Judgment sought dismissal of our Clients’ two primary claims – fraud and unjust enrichment – and was denied, thereby allowing these claims to proceed to trial. These claims arose out of a nationwide direct mail marketing campaign. This is another example of Pastore & Dailey prevailing over other large national firms.
Pastore & Dailey Retained in Significant Ratings Agency Case
We have recently been retained to defend a ratings agency corporate executive in case of substantial importance to the United States financial industry involving shareholder breach of fiduciary duty claims relating to credit ratings given to mortgage backed securities. This action is pending in state court in New York, and the damages sought are in the billions.
NY State Court Win
Pastore & Dailey LLC is pleased to announce another victory in a New York State Court case regarding the employment of a high-level individual in the financial industry. In a recent decision, Pastore & Dailey successfully argued that an employee was entitled to proceed in arbitration against his former employer, as bargained for under his employment agreement. This decision exemplifies Pastore & Dailey’s skill and unyielding desire to seek the best, most efficient, and most beneficial result for our clients.
Hearing Victory
Pastore & Dailey LLC successfully represented a long standing hedge fund client that specializes in micro cap lending in two separate phases of litigation against a sophisticated commercial borrower. First, Pastore & Dailey secured a favorable settlement for its client as a result of filing an application for pre-judgment remedy, which sought to attach the assets of the defendant, who was an out of state resident. After the settlement agreement was breached over a year after it was executed, Pastore & Dailey’s investigation into the Defendants representations during the settlement negotiation process led it to conclude that the Defendants fraudulently induced our client into signing the settlement agreement. Pastore & Dailey LLC filed various motions for contempt and sanctions based on the fraudulent inducement. After two days of hearings and a plethora of briefs, the Court found that Pastore & Dailey LLC showed, by meeting the very high standard of clear and convincing evidence, that Defendants committed fraud in inducing our client to execute the settlement agreement. The Court ultimately awarded sanctions against Defendants in the form of attorneys’ fees, voided the settlement agreement, and allowed our client to continue to pursue its claims against Defendants.
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.