Articles Tagged with Tianna Kalogerakis

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In the September 6, 2018 edition of The Legal Intelligencer, Edward Kang, Managing Member of KHF, and Tianna Kalogerakis, Associate of KHF, co-authored “Borrowing Statute: NY’s Bar to the Unsuspecting, Out-of-State Investor.”

Despite the plaintiff-friendly pleading standards for securities fraud outlined by the Supreme Court in Merck & Co. v. Reynolds, 130 S. Ct. 1784 (2010), out-of-state investors need to be particularly vigilant in pursuing fraud-related common law claims in New York, being careful not to become blocked by the borrowing statute.

New York City is home to the world’s largest stock exchange, the New York Stock Exchange, and is host to financial service providers. This concentration of wealth and financial expertise has enticed many out-of-state investors to place their money in securities with New York-based financial institutions in the prospect of riches; however, coupled with the influx of these out-of-state investments is the potential for legal action by each dissatisfied or defrauded investor.  New York developed the “borrowing statute” to protect its residents and deter actions by nonresidents including out-of-state investors in securities and commodities. Despite the plaintiff-friendly pleading standards for securities fraud outlined by the Supreme Court in Merck & Co. v. Reynolds, 130 S. Ct. 1784 (2010), out-of-state investors need to be particularly vigilant in pursuing fraud-related common law claims in New York, being careful not to become blocked by the borrowing statute.

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Law Day, as officially recognized by the President of the United States on the first of May each year, is a day to reflect on the importance of law in our society and its role in our country’s foundation. In particular, it is a celebration of the rights and benefits afforded to United States citizens under the Constitution.

June2018_Page_01-750x1024This year, the American Bar Association Law Day Theme was “Separation of Powers: Framework for Freedom.” The ABA described this year’s theme as follows:

The U.S. Constitution sets out a system of government with distinct and independent branches—Congress, the Presidency, and a Supreme Court. It also defines legislative, executive, and judicial powers and outlines how they interact. These three separate branches share power, and each branch serves as a check on the power of the others. “Ambition must be made to counteract ambition,” James Madison explained in Federalist 51. Why? Madison believed that the Constitution’s principles of separation of powers and checks and balances preserve political liberty. They provide a framework for freedom. Yet, this framework is not self-executing. We the people must continually act to ensure that our constitutional democracy endures, preserving our liberties and advancing our rights. The Law Day 2018 theme enables us to reflect on the separation of powers as fundamental to our constitutional purpose and to consider how our governmental system is working for ourselves and our posterity.

The Philadelphia Bar Association extends the celebration of Law Day to encompass an entire week. The Young Lawyers Division coordinates programs throughout the city with various schools and communities. These programs include Lawyer for a Day, Fairy-tale Mock Trials, Legal Advice Live, and Lawyers in the Classroom. Continue reading →