Pastore & Dailey is pleased to announce that it has been added to the approved counsel list for an International Fortune 500 Bank based out of Germany and to one of the leading banks in Fairfield County, Connecticut. We are pleased that these banks have both recognized the quality and character of our growing Firm.
Category: News
Pastore & Dailey Wins Temporary Restraining Order and Preliminary Injunction for Financial Services Client
Pastore & Dailey successfully obtained a temporary restraining order and preliminary injunction in New York State Court for one of our clients. The client provides financial advisory services, including analysis and consulting related to Residential mortgage-backed securities, other securities, and other complex assets, to some of the largest financial institutions and law firms in the world. This dispute arose when a group of our client’s employees all resigned around the same time and together joined a new, competing venture just formed. The former employees have restrictive covenants in their employment agreements with our client not to solicit our client’s employees or clients, or use or disclose its confidential information and trade secrets. Recognizing the enforceability of those employment agreements, the Court issued a temporary restraining order and preliminary injunction to protect our client’s confidential information, trade secrets, employees, and client base pending the outcome of a Financial Industry Regulatory Authority (FINRA) arbitration our firm instituted on behalf of our client.
Venture Capital Fund Formation
Pastore & Dailey announces the successful creation of an “angel investor” fund for a Venture Capital client. The 5 Million dollar fund was formed in South Carolina and focuses on investments in small East Coast companies. Pastore & Dailey helped prepare all corporate documentation and performed all necessary and pertinent regulatory filings and work related to both U.S. Securities and Exchange Commission (“SEC”) and South Carolina requirements.
PJR Victory in NYS Supreme Court
Pastore & Dailey recently obtained a preliminary injunction in NYS Supreme Court (New York County) against 2 ex-employees of a financial services firm (including a FINRA member firm), ordering them to abide by non-solicitation clauses (of customers and fellow employees) in their employment agreements. The injunction lasts for one year from the termination date of the employees’ employment.
TRO Victory in NYS Supreme Court
Pastore & Dailey recently obtained a rare temporary restraining order in NYS Supreme Court (New York County) for a financial services employer (including a FINRA member firm) against 4 ex-employees and their new employer to enforce the restrictive covenants (including non-solicitation of employees and customers clauses).
Member of P&D Appointed to Duke University School of Law Board of Visitors
Susan Bysiewicz of Pastore & Dailey’s Glastonbury, Connecticut office has been appointed to Duke University School of Law Board of Visitors. The Board of Visitors serves as a reporting and recommending body to the Law School administration, the University administration and the University Board of Trustees on matters of student development, alumni relations, fundraising, and faculty and academic affairs. A slate of nominees is appointed annually by the President of Duke University with the advice and counsel of the Dean of the Law School and the current Chair of the Board of Visitors. Members serve three year terms. Ms. Bysiewicz is the former Secretary of State of Connecticut and a former U.S. Senate Candidate.
P&D Firm Administrator Admitted to The National Association of Professional Women
Johnna Vitti, Firm Administrator for Pastore and Dailey LLC, has been welcomed to the National Association of Professional Women as an elite member. NAPW is the most rapidly growing association in the US for professional women to network on career development, business, and philanthropy. She will be attending their upcoming national seminar in New York, where she may speak to her experience in opening Pastore & Dailey LLC to a forum of other professional women. For more information, please visit their website at www.napw.com.
Pastore & Dailey Successfully Represents Phil Anthony
Pastore & Dailey Attorney Susan Bysiewicz successfully represented Democratic First Selectman Philip Anthony against recent allegations of bribery. Anthony, the subject of an investigation by State Police, announced on Wednesday, October 16, 2013 with Attorney Bysiewicz that the allegations had been determined to be unsubstantiated. Several major Connecticut news agencies covered this story, links to those articles can be found below:
http://www.norwichbulletin.com/article/20131016/NEWS/131019657
http://www.theday.com/article/20131016/NWS01/131019763/1047
http://www.wtnh.com/news/connecticut/griswold-first-selectman-subject-of-police-probe_12460439
$3MM DECD Approval
Pastore & Dailey’s transactional team successfully concluded a $3 million loan financing transaction on behalf of client NewOak Capital, a specialized financial advisory firm based in New York City that provides consulting, analysis, and technology services to global banks, insurance companies, asset owners, and regulators. The financing was provided by the State of Connecticut Department of Economic and Community Development (DECD) in connection with NewOak’s $13 million relocation project which established its credit services division, NewOak Credit Services, now located in the Matrix Corporate Center in Danbury, Connecticut. Under the terms of the loan, the company plans to create up to 50 jobs during its first year and up to 100 jobs within three years.
Pastore & Dailey LLC Featured in Forbes Marketplace
The law firm of Pastore & Dailey LLC was recently featured in Forbes Magazine in their Marketplace section.
For its founder and managing partner Joseph M. Pastore III, the Stamford-based law firm of Pastore & Dailey LLC was a long time coming.
Pastore spent two decades at large national firms tackling high-profile financial, securities and commercial matters. He founded and served as managing partner of a mega-firm’s Stamford office until 2008; he then went on to create a 15-member practice, which was acquired by a 500-attorney firm in 2009. Due to a conflict between one of his and another of the firm’s clients, Pastore moved to reconnect with past associates and, with the critical support of Fairfield County Bank, established Pastore & Dailey in 2012.
http://forbescustom.com/marketplace/pastoreanddaileyllc-2/