LovellStewartHalebianJacobson

Located at 61 Broadway, Suite 501 New York, New York 10006 212-608-1900

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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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Merrick S. Rayle

61 Broadway, Suite 501
New York, NY 10006
212-608-1900

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Merrick Scott Rayle is Of Counsel to Lovell Stewart Halebian Jacobson and has been affiliated with the Firm since July 2001. He has an AV rating from Martindale-Hubbell.

Mr. Rayle served as a judicial law clerk to the Honorable Roy L. Stephenson of the United States Court of Appeals for the Eighth Circuit for two years. Mr. Rayle received his law degree from the Indiana University Robert H. McKinney School of Law, where he was a member of Indiana Law Review. He received his Bachelor of Arts degree from Butler University, and graduated from Culver Military Academy.

From 1978-1987, Mr. Rayle was a Partner in the Chicago Office of Sonnenschein Carlin Nath & Rosenthal. Mr. Rayle’s practice is concentrated on the prosecution of commodity futures, antitrust, and securities manipulation Class Actions. He has over thirty-five years’ experience in complex litigation, trials, and appeals, trying over 25 cases in the state and federal court system. He has handled Class Action cases in the federal court system in California, New York, Illinois, Iowa, Kentucky, Washington, and Pennsylvania.

Prior to joining the Firm, Mr. Rayle’s experience included advising clients in a broad range of substantive matters, including antitrust, corporate governance and shareholder disputes, state and federal appellate advocacy, constitutional law (individual rights and freedoms and First Amendment issues), the Americans with Disabilities Act, and common law and business torts.

Mr. Rayle’s experience with the Firm includes cases prosecuting energy company defendants for manipulating the price of natural gas futures contracts traded on the New York Mercantile Exchange; prosecuting bond fund company defendants for manipulating the price of the June 2005 ten-year Treasury note futures contract; and prosecuting other complex antitrust price fixing and commodity manipulation claims.

Currently, Mr. Rayle is working on In re Digital Music Antitrust Litigation, No. 06 MD 1780 and In re: Processed Egg Products Antitrust Litigation, 08-md-02002.

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