Greenberg Traurig Blocked Stock Sale, Ex-Exec Tells Court

Law360, New York (September 5, 2013, 7:09 PM EDT) -- Greenberg Traurig LLP should be held responsible for stymieing a former defense industry executive's attempts to sell shares in his former employer's IPO, he told a New York state appeals court Thursday, urging it to revive his $10 million lawsuit.

Thomas F. Cusack, who was an executive at American Defense Systems Inc. until he was terminated in 2007, had tried unsuccessfully to sell private, restricted shares he still held in the company when it went public in 2008, but he alleged that the company's attorneys at...
To view the full article, register now.