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Contact:
Michael R. Coston
Director of Marketing and Public Relations
Forchelli, Curto, Schwartz, Mineo, Carlino & Cohn, LLP
Phone: 516-248-1700
Email: mcoston@forchellilaw.com
Donald Jay Schwartz featured in Long
Island Business News’ “Who’s Who in Litigation
Law” listing.
Mineola, October 26, 2007— Partner Donald Jay Schwartz
is featured in the Long Island Business News’ listing
of "Who's Who in Litigation Law." In the article,
Mr. Schwartz discusses the importance of businesses understanding
Section 509 of New York's Limited Liability Law.
“Careful attention should be given to drafting an
LLC operating agreement, particularly with respect to a
member’s right to withdraw and the amount the withdrawing
partner is entitled to receive upon withdrawal,” he
explains. “If there are no limitations placed in the
operating agreement, the Courts will find no such limitations
at the time of withdrawal.”
Mr. Schwartz joined the firm in 1977 and has developed an
expertise in all aspects of commercial litigation, involving
such areas as real estate, corporate, partnership, commercial
landlord and tenant, employer and employee rights, insurance
law and personal injury. Mr. Schwartz handled the landmark
case of Mostow v. State Farm Insurance Company (88 N.Y.2d
321) from the initial arbitration award through the Court
of Appeals. The case was responsible for changing the law
in New York with regard to the interpretation of underinsurance
clauses in insurance contracts. Mr. Schwartz also manages
all aspects of the firm's litigation practice. He has been
a Village Prosecutor and is a member of the Panel of Arbitrators
of the American Arbitrators Association.
Mr. Schwartz is a member of the New York State District
Attorneys Association, the New York State Trial Lawyers
Association, the Jewish Lawyers Association of Nassau County
and the New York State Bar Association. He is also a member
of the Nassau County Bar Association and serves on a number
of its committees, including the Grievance Committee, which
is by appointment only, where he holds the position of Vice
Chairman.
For more information, please pick up the latest issue of
the Long Island Business News or visit www.libn.com.
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