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...
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Case Information

Case Title

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

Case Number



New York Southern

Nature of Suit



Thomas S. Zilly

Date Filed

August 5, 2005

Law Firms

UK Financial Services

UK Financial Services

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