Representative Matters

Financial Litigation/Dispute Resolution:

  • Won $40 million international arbitration award in securities fraud case tried for three weeks in Washington, D.C. on behalf of Kingspan Group PLC of Ireland and successfully defended the award in U.S. District Court for the Middle District of Pennsylvania
  • Won $7.4 million jury verdict against Bank of America (formerly Fleet National Bank) for financial planning malpractice
  • Won $419,000 arbitration award in securities arbitration tried in Boston against Morgan Stanley
  • Defended enforcement actions by the Maine Office of Securities and the New Hampshire Bureau of Securities Regulation
  • Defended enforcement actions by the Maine Bureau of Insurance
  • Defended bank in major lender liability lawsuit
  • Numerous investor claims before FINRA and its predecessors (NASD/NYSE), including claims involving HSBC Bank, U.S.A., TD Bank, Bank of America, Ameriprise, Allianz Life Insurance Co., MetLife Insurance Co., Morgan Stanley, and others
  • General Counsel to Maine's largest and oldest registered investment advisor

Fiduciary Litigation:

  • As counsel to Maine State Society for the Protection of Animals, we won a court order, after trial, surcharging the personal representative for excessive fees, and convinced the Maine Supreme Judicial Court to affirm the order on appeal. Estate of Sweetland, 2001 ME 21, 770 A.2d 1017.
  • On behalf of a beneficiary of a trust containing real estate, we won a court order, after trial in probate court, appointing a professional trustee to manage a trust, sell real estate, and divide trust assets in a fair manner. In re. McKinney Family Trust, Docket No. 2002-0748 (York Cty Probate Ct).
  • We defended the personal representative and beneficiary of an estate accused of not timely closing an estate and allowing one of the beneficiaries to benefit from estate assets to the exclusion of others while the estate remained open. We settled the claim on satisfactory terms at mediation.  Estate of McLain, Docket No. 1999-0735 (Cumberland Cty Probate Ct).
  • Having objected to the proposed sale of a corporation owned by a family trust, our client – a beneficiary of the trust – turned to us for assistance in negotiating and re-structuring the sale on acceptable terms. We avoided protracted and difficult family litigation and settled the matter on satisfactory terms prior to suit at mediation.
  • Trial counsel to the personal representative of the $80+ million estate of a world renowned artist.

Firm Highlights


Legislative Alert: Maine Legislature Adjourns!

The First Special Session of the 130 th Legislature finally adjourned on Monday night, July 19 th . As many of you may remember, the First Regular Session ended in March 30th when the...


Preti Flaherty Welcomes Attorneys Angelica Li and Hannah M. Oakes to the Firm

Preti Flaherty is pleased to announce the arrival of two new attorneys to our Boston, Massachusetts, office: Angelica Li and Hannah M. Oakes. Angelica joins the firm as an Associate in our Environmental Practice...


Maine’s Exemption Laws Are Changing

In March of this year, Representative Denise Tepler (D. Topsham) introduced “An Act To Increase the Value of Property Exempt from Attachment and Execution,” LD 737, which sought to dramatically change Maine’s exemption scheme. ...


Maine Justice Foundation Makes Inaugural Grants to Six Maine Groups Working for Racial Justice and Equity

The Maine Justice Foundation has made inaugural grants from its Racial Justice Fund to six Maine groups. The goal of the Fund is to support Black, Indigenous, and People of Color statewide to forge...


How to Avoid Misclassifying Your Employees Under the Maine Workers’ Compensation Act

What criteria are necessary to classify someone as an independent contractor and how can employers avoid misclassification and the repercussions that come with it? In this article, Preti Flaherty attorney and Mainebiz guest columnist John...


The Latest from OSHA on Mitigating and Preventing the Spread of COVID-19 at Work

On the tails of updated guidance from other agencies, the U.S. Department of Labor Occupational Safety and Health Administration ("OSHA") released new pandemic-related guidance last month. This guidance was issued on June 10, 2021...


Escalation Clause: An escape from the price-spike trap

Anyone in real estate development would have to be living under a rock not to know about skyrocketing lumber and material prices in the “post”-pandemic world. Pre-pandemic, the average cost for 1,000 board feet...


Preti Flaherty Attorneys Sig Schutz and Alex Harriman Assist with Amicus Brief in Defense of Maine's Anti-SLAPP Law

Serving as counsel for The Reporters Committee for Freedom of the Press (RCFP) and 14 other news media organizations, Preti Flaherty attorneys Sigmund Schutz and Alexandra Harriman filed with the Maine Supreme Judicial Court a...


Fifteen Preti Flaherty Attorneys Selected as Chambers USA Leaders in Their Field

Fifteen Preti Flaherty attorneys and five practice groups have been selected for inclusion in the 2021 Chambers USA Guide to America's Leading Lawyers for Business , the highly regarded directory of leading attorneys and...


Benchmark Litigation Names Preti Flaherty 2021 “Maine Firm of the Year”

Benchmark Litigation has named Preti Flaherty as 2021 Litigation Firm of the Year in the State of Maine. The Benchmark Awards honor distinguished litigators and law firms in all 50 states and 10 practice...