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.

Tags: Commercial Litigation