2nd Circ. Upholds Sanctions For Firm In Securities Action

Law360, New York (September 30, 2013, 5:48 PM EDT) -- The Second Circuit upheld a sanctions order Friday against New York-based Nachamie Spizz Cohen & Serchuk PC over a deficient amended complaint filed in a securities fraud suit against a data and security company, rejecting the firm’s argument that it was due to a rogue lawyer.

In a summary order, a three-judge panel for the appeals court found that Nachamie hasn’t established that its former attorney Richard Ciacci was acting in a rogue fashion since the firm doesn’t allege that Ciacci altered a firm-approved pleading or...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Jay Dees Inc. et al v. Defense Technology Systems Inc. et al


Case Number

1:05-cv-06954

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Thomas S. Zilly

Date Filed

August 5, 2005

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.