Dedicated
to protecting the rights of Consumers, Investors, Workers
and the Environment for over 30 years.
Gilman and Pastor, LLP
Gilman and Pastor, LLP is a national law firm dedicated to protecting the rights of consumers, investors and businesses across the country. For over 30 years, we have prosecuted numerous complex litigation matters in state and federal courts throughout the Unites States and have recovered over one billion dollars in damages for our clients.
The firm has been engaged in cases that have had a positive impact on the rights of consumers, investors, workers and the environment. Gilman and Pastor has focused its practice in complex, multi-party litigation, involving securities and investment fraud, class actions, commercial litigation, consumer fraud, products liability, personal injury litigation, tort, antitrust, ERISA, business, franchise, tax, civil rights, employment and environmental law nationwide. The firm earned its national reputation by undertaking and winning difficult cases which other law firms were unable or unwilling to pursue.
Current Investigations
Illegal Drug Price Fixing Victims We are investigating illegal price-fixing agreements between drug manufacturers aimed at keeping cheaper, generic pharmaceuticals off the market. As a result of these anticompetitive agreements, consumers are forced to pay artificially higher prices for important medication.
Pending Litigation
Pension and Retirement Fraud Victims Gilman and Pastor is investigating cases in which pension or retirement plans violate federal pension law (known as ERISA) by the manner in which they calculate plan benefits.
Insurance Fraud Victims The firm represents businesses in and insureds who were the victims of concerted actions by certain national Insurance Brokerage Defendants and Insurers who improperly charged inflated insurance premiums for lines of property, casualty, liability, personal lines including homeowners insurance, employee benefits and excess and surplus lines of insurance, in breach of their fiduciary duties.
Phenolic Foam Roof Insulation Victims Phenolic Foam Roof Insulation (PFRI), which was widely used in commercial and institutional buildings from 1980 through 1992, releases an acidic leachate which causes severe corrosion to metal roof decks. In December of 2000 the U.S. District Court in Boston, Massachusetts, after more than five years of major construction defect litigation granted final approval to two settlements with the manufacturers of PFRI.
The estimated value of the total settlement compensation is over $350 million.
If you own a commercial or industrial building with a standing seam metal roof or a copper roof, which you believe contains defective phenolic foam roof insulation installed between 1980 and 1992, please contact us immediately to perfect your entitlement to significant damages 877-428-7374.
Bernard Madoff Related Securities Litigation We represent both persons and institutions who purchased investment funds with Bernard L. Madoff Bernard L. Madoff Investment Securities LLC (“BMIS”), as well related entities which were marketed as providing steady double-digit returns even in the most turbulent of markets.
In the litigation, we allege that these entities sacrificed their clients’ investments as part of a massive Ponzi scheme, including multiple acts of fraud, issuing false and misleading investment materials and statements and concealing information about the allocation of the Feeder Funds’ assets.
We are also actively investigating and litigating claims against many third parties who were negligent and breached their fiduciary duties in failing to perform the necessary due diligence when advising their clients to invest in these funds.
ProShares Ultra and UltraShort Funds We are prosecuting investor claims against ProShares Ultra Funds and UltraShort ProShares Funds, which have subjected investors to substantially more risk than was disclosed and resulted in enormous losses by investors.
ProShares touted its UltraShort ETFs including those listed above, as simple-to-execute investments which go up when markets go down. Although ProShares touts its securities and cloaks them with certainty due to allegedly reliable mathematical formulas, their math does not add up.
Holding the funds for more than one day or trading session will most certainly lead to enormous losses. ProShares has now conceded that mathematical compounding actually prevents these funds from achieving their stated investment objectives over a period of time greater than one day.
Structured Notes and Principal Protected Notes We are prosecuting investor complaints against brokerage firms, financial institutions and entities misled their clients into purchasing these purported fully principal protected notes, through assurances that their principal investment would be fully protected. Certain financial institutions including ABN AMBO Bank N.V., AIG, Bank of America, Barclays Bank, Bear Stearns, Charles Schwab, Citigroup, Countrywide Securities, Credit Suisse, Deutsche Bank, E-Trade, Harris National Bank, Incaptial LLP, JP Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Keegan, Morgan Stanley, RBC Royal Bank, Societe Generale, UBS Fraud, Wachovia, and others.
We allege that these banks specifically targeted conservative, risk-averse investors who were seeking to preserve their capital and generate income. In fact, these notes subjected investors to significantly more risk than was disclosed. Holders of these structured securities and principal protected notes (PPNs) face significant losses, including their entire principal investment.
Chinese Drywall Litigation Gilman and Pastor LLP is representing home owners and building owners who have defective Chinese drywall. Chinese Drywall destroys the homes and buildings in which it was installed, including corrosion of copper wiring, ductwork, cooling coils, air conditioning units, and metal pipes.
Complete remediation and reconstruction is required for the impacted homes. We are also actively investigating claims that Chinese Drywall has resulted in serious personal injuries, including brain injury and birth defects.
State Street Securities Litigation Gilman and Pastor, LLP are representing investors against State Street for breaches of fiduciary duties established by the Employee Retirement Income Security Act of 1974 ("ERISA"), as well as other ERISA violations, when they carelessly engaged in "securities lending" for their own benefit and in a manner that involved imprudent and unreasonable risk of loss to the 401(k) and pension plans that invested in the Collective Trusts. The 401(k) and pension plans suffered large financial losses as a result of these risky securities lending practices.
...News...Press...
$61.42 Million Class Action Settlement for Property Owners with Cal-Shake, Inc.
The firm successfully obtained settlement on behalf of property owners on which Cal-Shake Shakes construction materials manufactured between February 1, 1986 and March 31, 1995 are, or have been installed. The settlement was reached during a jury trial. If you are a homeowner or business with any defective construction materials used in your home or building and you want to discuss the case or have any questions, please call us at 877-428-7374. See, Dangerous and Defective Products Litigation Practice.
Successful Defense of Community Federal & Loan Association in Antitrust and Tying Litigation
The firm successfully defended Community Federal Savings and Loan Association, who along with State Street Bank and Trust Co., was sued for antitrust and tying violators for loans made to major Florida real estate developer. See, Complex Business Litigation Practice.
$90 Million Settlement for Patients with Jansen Pharmaceutica/Johnson & Johnson
The firm reached a favorable settlement agreement with the plaintiffs of the Propulsid federal multi-district litigation to resolve litigation brought by patients who claimed Propulsid, a heartburn drug.
See, Defective and Dangerous Drugs Practice.
$250 Million Settlement for Commercial Building Owners In Phenolic Foam Roof Insulation Litigation
Gilman and Pastor successfully resolved a case brought against the manufacturers of phenolic foam roof insulation, Beazer East, Inc. and Johns Manville Corp. After more than five years of litigation the product liability action has been settled for a value in excess of $250 Million.
See, Dangerous and Defective Products Litigation Practice.
$25 Million Settlement in Enstar Group Securities Litigation
Gilman and Pastor, LLP successfully obtained settlements totaling in excess of $29 Million from several defendants, including a major accounting firm, a major law firm, and former outside directors for securities law violations. See, Securities Fraud / Shareholders Rights Practice.
$60 Million Settlement In Alert Income Parties Securities Litigation
Gilman and Pastor successfully prosecuted a securities action against the promoters of a series of limited partnerships and their auditors, reaching settlement valued at $60 Million. See, Securities Fraud / Shareholders Rights Practice.
$180 Million Settlement of New England Mutual Life Insurance Company
Our firm successfully achieved settlement valued at $180 Million in our representation of the policy holders of New England Mutual Life Insurance Co. concerning deceptive sales and marketing practices of life insurance policies. See, Insurance Practice.
$500 Million Settlement in High Fructose Corn Syrup Price-Fixing Litigation
Gilman and Pastor served on Plaintiffs’ Counsel Steering Committee, and litigated this antitrust suit alleging a price fixing conspiracy by the manufacturers of high fructose corn syrup for over five years resulting in recoveries totaling approximately Five Hundred Million ($500 Million). See, Antitrust / Price-Fixing Practice.
$590 Million Dollar Settlement for Patients in Zyprexa
Our firm represented persons who ingested Zyprexa, also known as Olanzapine, manufactured by Eli Lilly & Co. which resulted in diabetes and stroke. In 2006, the case was resolved in consideration for Eli Lilly & Co’s payment of $590 Million to victims of Zypreza use whose onset of diabetes was linked to Zyprexa. See, Defective and Dangerous Drugs Practice.
$100 Million Settlement Value for Honda Goldwing Motorcycle Defects
Our firm served as leas counsel and represented Honda Goldwing motorcycle owners whose bikes suffered from frame defects. The case was successfully resolved having settlement value in excess of $100 million dollars. See, Dangerous and Defective Products Practice.
Gilman and Pastor Announces that Kenneth G. Gilman Has Been Appointed As Equity Receiver In the Intercontinental Commodities Fraud Litigation.See, Complex Business Litigation Practice.
$12 Million Settlement for Oriented Strand Board (OSB)
Our firm reached a successful settlement in excess of $12 Million on behalf of consumers and businesses who purchased oriented strand board, a substitute for plywood, from manufacturers, Louisiana Pacific Corp., Georgia Pacific, Ainswort, J.M. Huber, Weyerhaeuser Company and Norbord upon allegations that these companies artificially reduced the supply of OSB.
See, Antitrust / Price-Fixing Practice.
