Mr. Panarella has particular experience with securities litigation, corporate trust litigation, director and officer liability, and antitrust matters. He has counseled and represented individual and institutional clients in federal and state courts throughout the United States.
Representative Experience
Represented a major financial institution and certain of its officers and directors in class action securities fraud claims seeking over $2 billion for the decline in value of institution's stock. The case, brought in the United States District Court of the Southern District of New York, was dismissed on Kelley Drye's motion before class certification and before the start of fact discovery.Representing former officer of corporate trustee in dispute between investor and trustee over payments made in credit default swap.
Represented a major financial institution and its CEO in a lawsuit involving the firing of two officers by a large chemical manufacturing company.
Served as part of the trial team for a bank in multibillion-dollar securities litigation pending in federal district court in Ohio. Defended the bank against claims by noteholders of a bankrupt healthcare company that the bank breached its duties as indenture trustee.
Obtained a defense verdict for a major foreign trading company in a four-month trial in Anchorage, Alaska, against antitrust claims valued at over $1 billion. Lawsuit was brought by a class of fisherman alleging that prices of Bristol Bay salmon were artificially depressed over a six-year period as a result of a conspiracy between Alaska processing companies and Japanese importing companies.
Successfully defended a major foreign electronics manufacturer in a series of antitrust class actions alleging that our client participated in a worldwide conspiracy to depress the price of audiotape pancake.
Successfully defended security alarm company in several multimillion-dollar actions brought in New York federal and state courts brought by subscribers alleging breach of duties under alarm services contracts.
Successfully defended a major manufacturing company against allegations by a stockholder that he was owed $70 million as a result of stock splits and dividends.
Obtained dismissal of a lawsuit against a bank seeking $25 million in damages based upon allegations of fraud by plaintiff engaged in foreign exchange currency trading.
Successfully defended a major foreign jewelry company at trial in federal district court in Jonesboro, Arkansas, against claims under the Arkansas Franchise Practice Act seeking several million dollars in damages.
