Pastore successfully defeated a Motion to Compel Arbitration in a case on the Complex Litigation Docket in Stamford against a billionaire represented by an AM Law 200 firm. The case involves complex direct and derivative shareholder claims in which the claims for damages are in excess of $65 million. Pastore’s client is one of the shareholders of a two-shareholder construction management company with the defendant billionaire the other shareholder. The Motion to Compel Arbitration sought to compel arbitration with respect to the entire Complaint. After Defendants conceded that the Motion to Compel does not apply to Counts One through Four, the Court agreed with Pastore and denied the Motion to Compel as to Counts Five through Twelve.
Tags: Commercial Litigation, Securities Litigation
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