LovellStewartHalebianJacobson

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FIRM NEWS

In re: Platinum and Palladium Commodities Litigation 10-cv-3617 (S.D.N.Y.)–On July 15, 2014, the Honorable William H. Pauley III preliminarily approved the Futures Plaintiffs’ partial settlement of this action with (a) the Moore Capital Defendants for $48,400,000, and (b) Defendant Joseph Welsh for a judgment of $35,000,000 in respect of the negligence claim against him collectable solely from his personal assets consisting of his rights against certain insurers. Defendant MF Global, Inc. is not part of the proposed settlement. Lovell Stewart is sole lead counsel for the Futures Plaintiffs in this action. Persons who traded in NYMEX platinum futures contracts and/or NYMEX palladium futures contracts during the time period June 1, 2006 through April 29, 2010 should save their relevant trading records because they may file claims to participate in this proposed settlement. Please check this website and the settlement website for updates regarding the proposed settlement. The settlement website is http://platinumpalladiumfutureslitigation.com. Contact Christopher M. McGrath, Esq. (CMcGrath@lshllp.com).

Precision Associates, Inc. et al., v. Panalpina World Transport (Holding) LTD. et al, 08-cv-0042 (E.D.N.Y.)–On June 27, Plaintiffs filed a motion seeking preliminary approval of settlements with Defendants Panalpina, Geodis, DSV, and Jetspeed for an immediate cash payment of $44 million plus additional sums to be paid from proceeds from another litigation. Lovell Stewart is co-lead counsel in this action. Class Members can find additional information on https://www.freightforwardcase.com Contact Benjamin M. Jaccarino, Esq. (Bjaccarino@lshllp.com).

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Matthew D. Kuipers (Of Counsel)

A. Is a graduate of Calvin College, B.S., 2004;

B. Is a graduate of Michigan State University College of Law, J.D., 2007; and

C. Is licensed to practice in the State of Michigan.

D. Has repeatedly been involved in discovery work for the Firm in antitrust and commodity cases including  Precision Associates, Inc. et al., v. Panalpina World Transport (Holding) LTD. et al, 08-cv-0042 (E.D.N.Y.); In re Dairy Farmers of America Cheese Antitrust Litig., 09-cv-3690 (N.D.Ill.); In Re Text Messaging Antitrust Litigation, MDL NO. 1997 (N.D. ILL.); In re Platinum and Palladium Commodities Litig., 10 Civ. 3617 (WHP) (S.D.N.Y.); and In re Amaranth Natural Gas Commodities Litigation, 07 Civ. 6377 (SAS) (S.D.N.Y.).