Pastore & Dailey successfully argued for the correction of a bond trader’s Form U5 before a FINRA Arbitration Panel. This trader’s former employer, a worldwide banking institution, misrepresented the reason for the termination of his employment. Pastore & Dailey convinced the Panel to rule that the wording must be changed to reflect the reality. Contested expungement hearings are rare, and the re-writing of a U5 by a panel in such a situation is extraordinary. Pastore & Dailey is pleased that it could achieve this result, the correct result, for its client.
Category: News
Pastore & Dailey Retained as Cybersecurity Counsel
Pastore & Dailey has been retained by one of the large Wall Street Investment Firms in connection with that Firm’s Cybersecurity compliance and preventive measures designed to protect the Firm from cyber attack. Pastore & Dailey’s Cybersecurity practice group, led by leading national expert John Hewitt, is on the forefront of these issues and has been tapped by Bloomberg to provide overview of the new NY DFS regulations to a world wide audience.
P&D Announced as one of Fairfield County’s Top 12 Businesses
P&D was renowned as one of Fairfield County’s Top 12 Businesses in 2016. Go Magazine named Pastore & Dailey LLC a leader in Securities Litigation & Arbitration Practice, praising our depth of knowledge and professionalism in arbitration hearings as well as SEC, FINRA, and state regulatory hearings.
Financing NYC Property
Pastore & Dailey has represented a multi-million dollar trust in connection with the financing of substantial commercial property in NY as well as the negotiation of the release of a substantial levy on the property.
Top Lawyers of 2017
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.
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.