PilieroMazza is pleased to announce the addition of Patrick Burns as an Associate in the firm's Litigation Group and Francis Massaro as an Associate in the firm's Business & Corporate Law Group.
Recently, PilieroMazza had the privilege of representing India Globalization Capital, Inc. (NYSE: IGC) on its appeal of a decision by the New York Stock Exchange ("NYSE American" or "the Exchange") to delist IGC's common stock from trading on the Exchange. Victories in NYSE appeals are rare and extremely difficult to come by, particularly when the Exchange's delisting decision is based on subjective and discretionary criteria. In these types of proceedings, the odds are always stacked against the company. But ultimately, even against those odds, truth wins out; the Exchange's delisting procedures allow for a meaningful presentation of evidence to rebut the decision, and under the right circumstances, a company can be vindicated.
In a recent Virginia state court case, PilieroMazza secured full dismissal in favor of a small business client in a lawsuit brought by a former employee claiming an ownership interest in the company.