Pashman Stein Featured in Law.com Article for Being Named Finalist for New Jersey Law Journal Litigation Department of the Year
After being named by the New Jersey Law Journal as a finalist for Litigation Department of the Year for general litigation in 2023, Pashman Stein Walder Hayden’s Litigation practice was featured in the New Jersey Law Journal article, “Pashman Stein’s ‘Flexibility’ Has Been Key to Litigation Success, Founder Says.” The article includes a Q&A with Michael S. Stein, Firm Chair and Managing Partner.
In response to the question as to what some of the department’s most satisfying successes of the past year are:
We were fortunate to have been involved in many important appeals in 2022, but two stand out. First, our team secured a major win in an ongoing, long-running minority shareholder dispute litigation. In Sipko v. Koger, 251 N.J. 162 (2022), the New Jersey Supreme Court reinstated a $25 million judgment awarded to our client and issued an opinion clarifying the law on the applicability of marketability discounts if a shareholder was treated unfairly but not oppressively. To date, the firm has collected more than $23.9 million on the judgment and sanctions.
We are also proud of our victory in Richard Rivera v. Union County Prosecutor’s Office, 250 N.J. 124 (2022), which ended decades of extreme secrecy in police internal affairs investigations. Described as “a landmark ruling,” the Court released the police internal affairs report requested by our client under the common law right of access and created specific factors—now known as the “Rivera” factors—for agencies to consider when receiving requests.
In response to the question as to what have been some of your department’s adaptations since the coronavirus pandemic began in 2020:
Since the pandemic began, the number one priority for our firm has been to do right by our employees and give them the technology and support they need to provide our clients with the best-in-class representation they expect from us. We continue to embrace flexible work schedules and encourage and support our attorneys’ work-life balance. We view our firm as a team and that mentality has helped us immensely over the past two years.
We also adapted to meet our clients’ evolving needs by expanding our already deep bench of litigators and further strengthening our department with additional expertise across various specialties. In the past year, we have added a Bankruptcy, Restructuring & Creditor’s Rights practice, as well as a Securities Regulatory Enforcement & Litigation practice.
To read the full article, click here.
The New Jersey Legal Awards are published by the New Jersey Law Journal. A description of the selection methodology can be found at Methodology: New Jersey Legal Awards (NJLA) 2023.
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