Pastore & Dailey Wins Motion to Dismiss Against Texas Based Oil & Gas Company

Pastore & Dailey represented a New York plaintiff in connection with a dispute over services provided in association with the acquisition and management of various oil and gas properties in Abilene, Texas. In anticipation of this suit, Defendants wrongfully instituted an anticipatory action in the Federal District Court for the Northern District of Texas.

Pastore & Dailey submitted a Motion to Dismiss the Texas action based on the premise that the action was anticipatory of the New York Action and was an act of inequitable forum shopping. The Court found that “compelling circumstances” existed that favored the dismissal of the Texas action. Pastore & Dailey will now continue to represent the Plaintiff in his home forum of New York.

Pastore & Dailey Wins Jurisdictional Motion Involving Connecticut, Pennsylvania and Texas.

On July 23rd, 2019, Pastore & Dailey prevailed in a jurisdictional motion against a Texas defendant accused of participating in the theft of intellectual property, obtaining a ruling that denied the defendant’s motion to dismiss for want of jurisdiction. An evidentiary hearing has been scheduled to assess the jurisdictional claims of two other defendants connected to the alleged intellectual property theft, which involves the transfer of proprietary information between competing health food companies.

Pastore & Dailey Retained by International Fashion Retailer on Large Trademark Action

Pastore & Dailey has filed a broad trademark action in Federal Court seeking to enforce the intellectual property rights of one of the best know fashion designers in world against alleged infringers of its trademarks. The action has received substantial press coverage.

Pastore & Dailey Secures Settlement in Failed Systems Case

Pastore & Dailey recently secured a favorable settlement in a case involving the loss of server data from an accounting firm. The settlement, which was reached after the loss of vital data from the client’s computer network, helped the client offset substantial financial harm produced by the server failure.

Pastore & Dailey Wins Jurisdictional Motion Involving Connecticut, Pennsylvania, and Texas

On July 23rd, 2019, Pastore and Dailey prevailed in a jurisdictional motion against a Texas defendant accused of participating in the theft of intellectual property, obtaining a ruling that denied the defendant’s motion to dismiss for want of jurisdiction. An evidentiary hearing has been scheduled to assess the jurisdictional claims of two other defendants connected to the alleged intellectual property theft, which involves the transfer of proprietary information between competing health food companies.

Pastore & Dailey Defeats Motion to Dismiss Filed by Billionaire in Greenwich Hedge Fund Dispute.

Pastore & Dailey defeated a motion to dismiss, and a motion to stay filed by heirs to a large national retail fortune in connection with their alleged efforts to take over a Greenwich based alternative investment hedge fund. Pastore & Dailey also defeated a motion to stay the proceedings and a motion to dismiss certain particular claims. The case involves the purposeful deflection of a planned $1 Billion investment by a large UK fund into the Greenwich fund and related defamation.

 

Pastore & Dailey Settles Complex CERCLA Suit with the Department of Justice on behalf of Client

Recently, Pastore & Dailey entered into a consent decree with the Department of Justice on behalf of an asset management firm, settling a complex Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) suit in the United States District Court for the Southern District of Florida. Pursuant to the consent decree, the United States agreed to not to sue or take administrative action against Pastore & Dailey’s client. The Department of Justice printed the resolution of the matter in Volume 84 of the Federal Register dated May 24, 2019.

 

Pastore & Dailey Advises Clients on the Complexities of Family Offices

Recently Pastore & Dailey advised clients on complex questions regarding family offices and the compensation of non-family member “key employees” of such offices. Pastore & Dailey referenced the Investment Advisers Act of 1940, Dodd-Frank, and other securities act provisions to help the clients maneuver the complex structure of a family office and how to properly compensate non-family member employees pursuant to these provisions so as to not lose the family office exemption.

New DECD Commissioner

Connecticut’s former head of the Department of Economic Community Development (DECD), Catherine Smith invested over a billion dollars in major projects and programs that aimed to jumpstart job creation and retention in the State of Connecticut. During her tenure, Smith credited the agency with making strides by supporting job growth in major industries including: advanced manufacturing and technology, and science, technology, engineering and mathematics (STEM) education.

Governor Ned Lamont has recently appointed former Goldman Sachs executive David Lehman as Commissioner of the DECD and the Governor’s Senior Economic Advisor. Lehman, a Greenwich native, most recently led Goldman Sachs’ public sector and infrastructure finance group. Lehman spent over 15 years with Goldman and brings valuable business and financial experience to state government. Gov. Lamont and Lehman look to lead an “aggressive” strategy to recruit businesses through state agency collaborations and managing long-term strategies, including implementing new “opportunity zones,” emphasizing long-term financial sustainability and success of the state and its residents.

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.