GSAS In The News
09/19/2012 – GSAS Obtains $4.8 Million Judgment For Defrauded Hedge Fund Investor
In a case litigated by GSAS partner Jason L. Solotaroff, the United States District Court for the Southern District of New York recently found that a New York City hedge fund and its principal liable for fraud, negligent misrepresentation and breach of fiduciary duty and awarded GSAS clients $4.8 million. In the decision, Judge Paul Engelmayer found that ThinkStrategy Capital Management LLC and Chetan Kapur misrepresented the due diligence they would perform in selecting subfunds for the TS MultiStrategy fund of funds. The Court awarded the plaintiffs damages of their entire investments along with prejudgment interest.
When Bryan Huffman, a North Carolina decorator, took the stand in the John Edwards trial to describe his part in funneling money from his friend Rachel Mellon to the former senator during his failed presidential bid, many in the decorating profession groaned in irritation.
12/16/2011 – Millennium Hotel Loses Racial Harassment
On December 16th, "a jury after issuing a verdict in Mr. MacMillan’s favor, awarded him $125,000 in compensatory damages and $1 million in punitive damages."
A federal judge preliminarily approved a $1 million settlement to resolve an action brought by Giskan Solotaroff Anderson & Stewart LLP on behalf of current and former employees of Baluchi’s, a New York Indian restaurant chain, claiming that the restaurant and its owner violated minimum wage, overtime wage, and tip appropriation laws.
The scheduled date for the final approval hearing is April 13, 2011.
Robert Herbst of Giskan Solotaroff Anderson and Stewart LLP is co-lead counsel in In re: Nassau County Strip Search Case. The certified class includes all persons arrested for misdemeanors or non-criminal offenses in Nassau County who thereafter were strip searched at the Nassau County Correctional Center pursuant to defendants’ blanket policy which required that all arrestees be strip-searched upon admission to the facility, from May 20, 1996 until and including June 1, 1999. In September 2010, the federal judge awarded $500 in general damages per illegal strip search to approximately 20,000 class members. The next phase of the case will involve additional damages issues. After all damages issues have been resolved, claim forms will be distributed to class members
Giskan Solotaroff Anderson & Stewart LLP announced the filing of a source of income discrimination lawsuit in state court on behalf of Paul Solomons, a 44-year-old man who relies on Social Security Disability benefits and receives a Section 8 voucher. The lawsuit alleges that Best Apartments, Prudential Douglas Elliman, City Sites, City Connections, and other real estate brokers and property owners discriminated against Mr. Solomons by refusing to rent, negotiate with him, or show him available apartments because of his Section 8 voucher.
In March 2010, a settlement was reached resolving claims that the owners and operators of an rental building discriminated against a tenant represented based on source of income by allegedly refusing to accept the tenant’s Section 8 voucher in violation of the New York City Human Rights Law. Defendants agreed to pay the plaintiff a total of $105,000 as follows: $500 per month for the next 10 years ($60,000 total); $5,000 for emotional damages; and $40,000 in attorneys’ fees and costs.
JPMorgan Chase agreed to pay $19.92 million to approximately 60,000 individuals improperly charged a Post Closing Fee by Chase in connection to the residential mortgages originated with Chase between September 2001 and December 2008. Class members who make a claim are also entitled to interest on their refund.
For more information and updates regarding this case, please click here.
Gisakn Solotaroff Anderson & Stewart LLP joined as co-lead counsel in a sex discrimination class action against Lockheed Martin alleging that women have been unlawfully denied professional advancement opportunities and equal pay. The suit seeks an order that Lockheed Martin establish fair employment practices which do not discriminate against women in promotion, hiring and compensation, an injunction that would bar the corporation from any acts of discrimination in the future, and back and front pay differentials and other monetary damages.
For more information and updates regarding the case, please click here.
JPMorgan Chase cancelled a $10 credit card service charge two months after Giskan Solotaroff Anderson and Stewert LLP and firms in other states filed class action complaints challenging, among other things, the fee.
For information and updates regarding this case, please click here.