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Labaton Sucharow & Rudoff LLP Forms Alliance with Leading Italian Law Firm Studio Legale Adami.


Alliance Dedicated to Recovering Securities Losses of Italian Institutional Investors Institutional Investor

A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions.
 

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 & VERONA, Italy -- Labaton Sucharow & Rudoff LLP LLP - Lower Layer Protocol  and leading Italian law firm, Studio Legale Adami, announced today a joint alliance, dedicated to assisting Italian institutional investors to fulfill their fiduciary duties Noun 1. fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary
legal duty - acts which the law requires be done or forborne
 in recovering portfolio losses due to issuer fraud and mismanagement mis·man·age  
tr.v. mis·man·aged, mis·man·ag·ing, mis·man·ag·es
To manage badly or carelessly.



mis·manage·ment n.
. The firms will represent Italian institutional investors in class actions and complex securities cases and provide related institutional investor services designed to preserve and, where necessary, to recover these investors assets.

Labaton Sucharow and Studio Legale Adami, headquartered in Verona, will work together to address the growing need for investor protection services in Italy. With the increase in investments by Italian institutional investors in the U.S. securities markets, combined with the level of financial fraud occurring in Italy, Europe, and the U.S., these sophisticated financial institutions now require an international perspective that will help safeguard their investments. This alliance directly speaks to that need.

"Studio Legale Adami has an enviable record of advising Italy's largest institutional investors on matters relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 global securities fraud and the recovery of investment losses due to fraud," said Lawrence Sucharow, managing partner of Labaton Sucharow. "We are pleased and honored that they have agreed to work with Labaton Sucharow as part of our international network of law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
 and experts which will provide our growing base of European institutional investors with an international perspective on their rights and remedies when securities fraud results in material portfolio losses. Today's global economy requires a broader awareness than national boundaries provide. We believe our arrangement with Studio Legale Adami furthers our international institutional clients' interests with respect to the breadth and depth of the advice we can provide."

Pietro Adami Pietro Adami was an Italian painter of coastal and marine views or vedute, active around the year 1730. References
  • Bryan, Michael (1886).
, founding member of Studio Legale Adami, which specializes in securities matters, international contracts and investment protection in Italy said, "This strategic alliance with Labaton Sucharow helps to create a fairer environment by using our legal skills to secure substantial monetary recoveries and corporate reform for our clients when they suffer losses in the U.S. securities markets due to fraud or mismanagement and seek compensation."

Labaton Sucharow represents many of the most prestigious domestic and European institutional investors including pension funds from 13 different states, funds managed by city, county and other municipalities, banks, hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" , unions and major European asset managers and financial institutions. In addition to his law practice, Mr. Adami also shares his extensive knowledge and experience in international law as a Professor of Law at Padova University and as a teacher of private international law at Verona Law School.
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 10, 2007
Words:430
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