Bruce M. Sabados

Qualifications and Career Profile

Bruce M. Sabados concentrates his practice in complex commercial litigation, with an emphasis on securities and financial services-related matters, secured lender actions and employment-related litigation. He has experience in a variety of commercial matters in federal and state courts and arbitration matters, and has represented securities firms, international banks, hedge funds, high net worth individuals and asset-backed lenders. He has handled matters involving breaches of fiduciary duties, fraud, restrictive covenants, breaches of contract, business torts and RICO. He has also handled bankruptcy-related litigation.

Representative matters include:

• Recovered over $20 million in representation of defrauded commercial lender in wide-ranging lawsuit. Recovered additional $2 million as a result of successful petition for remission for forfeiture amounts.
• Currently representing secured lender in actions against “big box” retailers.
• Currently representing numerous financial institutions in actions brought by liquidator of Madoff feeder fund.
• Represented secured lender in action involving defaulted loan in excess of $20 million. Obtained judgment and enforced against collateral.
• Represented major financial institution in action seeking to recover substantial losses caused when money market “broke the buck.”
• Represented former CFO of a public company in Delaware Chancery Court proceeding in action involving breach of fiduciary duty violations.
• Represented major financial institution in securities action involving allocation of shares in initial public offerings.
• Represented commercial lender in breach of contract action. Obtained and enforced $2 million judgment against guarantors.
• Represented defendant hedge fund in action in which investor asserted claims for fraud, breach of fiduciary duty, negligence and breach of contract.
• Obtained JAMS arbitration victory in favor of hedge fund owner in a dispute with manager over the ownership of the hedge fund.
• Represented a London branch of a major Israeli bank in action against defaulting borrower. Obtained and enforced judgment, including extraterritorial enforcement proceedings.
• Defeated preliminary injunction actions in state and federal court involving theft of trade secrets and violation of restrictive covenants on behalf of clients in automobile and public relations businesses.
• Represented hedge fund in action involving alleged failure to provide purchase financing proceeds which was successfully resolved after mediation.
• Obtained favorable trial verdict on behalf of mail order pharmaceutical firm in employee raiding case that was affirmed on appeal in the First Department.
• Represented investment advisor and hedge fund in action brought by former client for misleading investment advice.

Mr. Sabados is an adjunct professor at Fordham Law School.

Publications

• "The Reach of Restraining Notices," New York Law Journal (October 6, 2008).
• “Multiple Defendants, Multiple Service Dates, Time to Remove?” New York Law Journal (December 3, 2007).
• “Controversy over ‘Amount in Controversy,’” New York Law Journal (June 18, 2007).

Education and Bar Admissions

Mr. Sabados earned his undergraduate degree, cum laude, from the College of the Holy Cross, and his law degree with honors from the George Washington Law School, where he was notes editor of the George Washington Law Review. He is admitted to the New York State Bar and before the US Court of Appeals for the Second Circuit and the Southern and Eastern Districts of New York. He has tried cases and argued appeals in federal and state courts in New York and elsewhere and has handled numerous arbitrations and mediations.