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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 Contact Christopher M. McGrath, Esq. (

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 Contact Benjamin M. Jaccarino, Esq. (

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Victor E. Stewart

A. is Chairman of Lovell Stewart Halebian & Jacobson LLP's securities law department;

B. was named Valedictorian of St. Marks School Class of 1968, is a 1972 graduate of Yale College (B.A. English), a 1975 graduate of Harvard Business School (M.B.A.) with a concentration in finance and commodity business, a 1979 graduate of the University of Virginia Law School (J.D.), and served on The Virginia Journal of International Law (1977-1979), Articles Editor (1978-1979);

C.  second-chaired the successful trial of antitrust and Commodity Exchange Act manipulation claims in Strobl v. New York Mercantile Exchange, 582 F. Supp. 770 (S.D.N.Y. 1984), aff´d, 768 F.2d 22 (2d Cir. 1985), cert. denied, Simplot v. Strobl, 474 U.S. 1006, 106 S.Ct. 527 (1985);

D.  has subsequently litigated complex class actions, including acting as the Firm’s principal attorney in Initial Public Offering Antitrust Litigation and  Initial Public Offering Securities Litigation, 2009 WL 3397238 (S.D.N.Y. October 5, 2009); Anwar, et al. v. Fairfield Greenwich Limited, et al., 09-cv-0118 (S.D.N.Y.); In re Facebook, Inc., IPO Securities and Derivative Litig., MDL 12-2389 (S.D.N.Y);

E. performed substantial work on In re Sumitomo Copper Litigation, 96 Civ. 4584 (MP) (S.D.N.Y.); In re NASDAQ Market-Makers Antitrust Litigation, M.D.L. No. 123 (S.D.N.Y.); and Eugenia J. Fiala, et al. v. Metropolitan Life Insurance Company, et al., Index No. 00/601181 (N.Y.S. Sup. Ct.); and

F. has more than twenty-five years´ experience in the securities field, including securities litigation, public and private securities offerings both as issuer´s and underwriter´s counsel, arbitrage, mortgage securitization and financial markets analysis.

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