John Orenstein has been selected as a Minnesota Super Lawyer for 2014. This honor is awarded to five percent of Minnesota lawyers annually, based primarily on a peer review process.
A New York appellate court held that Ross & Orenstein’s client could claim consequential damages for Icahn’s failure to inform them of opportunities to purchase Federal Mogul Corporation bonds. Icahn had a contractual obligation to tell our client when his organization was buying the bonds. Icahn contends that it gave oral notice. The case is likely to be tried later this year. Nineteen Eighty-Nine LLC v. Icahn, et al., Index No. 601265/07 (1st Dep’t).
Matt Veenstra, now in his third year of practice, comes to Ross & Orenstein from Robins, Kaplan, Miller & Ciresi, where he gained experience in high-stakes litigation, including residential mortgage-backed securities cases. Matt is a University Michigan Law School graduate and did a tour of duty in Afghanistan with the U.S. Army Reserve.
We are pleased to announce that Alain Baudry has joined the firm as a partner. Alain comes to the firm from Maslon Edelman Borman & Brand, LLP, where he practiced for 26 years and was the Chair of Maslon’s Litigation Group. “Alain is a consummate professional and an accomplished trial attorney, with a strong commitment to client service,” said Jeff Ross. “We are extremely pleased to welcome Alain into our firm.”
Our client, a former corporate director of a failed company, was sued in Hennepin County court by the former management for breach of fiduciary duty, seeking more than $4.5 million in damages. Following a week-long bench trial in November 2013, the court ruled on February 21, 2014 that the evidence did not show that our client had breached his fiduciary duties or that our client caused any quantifiable damage to the company. Accordingly, the court dismissed the claims against our client.
We are pleased to announce that Kelly Pierce, who has been with us from the beginning almost five years ago, is now a partner in the firm.