Recent News:
Media Mention
$15B suit against DataTreasury dismissed
May 18, 2013 -- Newsday
New York State Supreme Court Justice Elizabeth Emerson dismissed a $15 billion lawsuit against DataTreasury Corp., which was founded in Melville (Long Island), ruling the claim was filed well beyond the statute of limitations. Herrick, Feinstein Partner Scott E. Mollen, who represented DataTreasury founder Claudio Ballard and two other individuals in the suit, said the company "is extremely gratified that the court carefully analyzed the 433-paragraph complaint."
May 18, 2013 -- Newsday
New York State Supreme Court Justice Elizabeth Emerson dismissed a $15 billion lawsuit against DataTreasury Corp., which was founded in Melville (Long Island), ruling the claim was filed well beyond the statute of limitations. Herrick, Feinstein Partner Scott E. Mollen, who represented DataTreasury founder Claudio Ballard and two other individuals in the suit, said the company "is extremely gratified that the court carefully analyzed the 433-paragraph complaint."
Media Mention
Q&A With Herrick Feinstein's Stephen Selbst
May 17, 2013 -- Law360
Herrick, Feinstein Partner Stephen Selbst is featured in a Q&A on his bankruptcy and restructuring practice.
May 17, 2013 -- Law360
Herrick, Feinstein Partner Stephen Selbst is featured in a Q&A on his bankruptcy and restructuring practice.
Media Mention
Judge Rebuffs Investor's Bid for a Big Share of Patent Holding Company's Licensing Fees
May 16, 2013 -- New York Law Journal
On May 10, Suffolk County Supreme Court Justice Elizabeth Emerson dismissed all 38 claims against DataTreasury Corp. and several of its executives, including founder Claudio Ballard. Herrick, Feinstein Partner Scott E. Mollen, who represented Ballard and two other individuals in the suit, said he was "extremely gratified" by Emerson's ruling.
May 16, 2013 -- New York Law Journal
On May 10, Suffolk County Supreme Court Justice Elizabeth Emerson dismissed all 38 claims against DataTreasury Corp. and several of its executives, including founder Claudio Ballard. Herrick, Feinstein Partner Scott E. Mollen, who represented Ballard and two other individuals in the suit, said he was "extremely gratified" by Emerson's ruling.
Media Mention
Scott Mollen Represents the Founder, CEO and General Counsel of DataTreasury Corporation in Dismissal of $15 Billion Lawsuit
May 15, 2013 -- BNA Banking Daily
The recent decision to dismiss a $15 billion lawsuit against DataTreasury, which patented check imaging technology used by most banks, is good news for those banks and financial institutions that are named as co-defendants in pending lawsuits. Herrick, Feinstein Partner Scott E. Mollen, who represented DataTreasury founder Claudio Ballard and two other individuals in the suit, said, "This paves the way for the banks to move to dismiss if the plaintiff doesn't voluntarily withdraw."
May 15, 2013 -- BNA Banking Daily
The recent decision to dismiss a $15 billion lawsuit against DataTreasury, which patented check imaging technology used by most banks, is good news for those banks and financial institutions that are named as co-defendants in pending lawsuits. Herrick, Feinstein Partner Scott E. Mollen, who represented DataTreasury founder Claudio Ballard and two other individuals in the suit, said, "This paves the way for the banks to move to dismiss if the plaintiff doesn't voluntarily withdraw."
Media Mention
Richard Morris Quoted in Pension & Investments Article on SEC Rules Lifting Ban on General Advertising by Issuers of Private Offerings
May 13, 2013 -- Pension & Investments
Richard Morris was quoted in Pension & Investments "Buzz on advertising as regs near". The article discusses the forthcoming SEC rules that will lift the ban against solicitation and general advertising by issuers of private offerings during periods of fundraising. Richard comments: "The canvas of how you present your fund is changing and people should be embracing the change. This enables you to provide more information in a cleaner, crisper way. If you don't you're going to get lapped."
May 13, 2013 -- Pension & Investments
Richard Morris was quoted in Pension & Investments "Buzz on advertising as regs near". The article discusses the forthcoming SEC rules that will lift the ban against solicitation and general advertising by issuers of private offerings during periods of fundraising. Richard comments: "The canvas of how you present your fund is changing and people should be embracing the change. This enables you to provide more information in a cleaner, crisper way. If you don't you're going to get lapped."
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