Michael S. Taaffe is the Department Administrator of the Broker-Dealer Litigation and Arbitration Practice Group of the firm. He is Board Certified in Business Litigation. His practice focuses on the representation of public and private corporations and their officers, directors and key employees in a variety of matters, including: restraints of trade, unfair competition, employment contracts, partnership separation and torts, as well as securities-related litigation involving arbitration, securities customer disputes, broker-dealer recruitment, raiding litigation, compensation and separation agreements, wrongful termination and Form U-5 issues. He regularly practices before state and federal courts, as well as state and federal securities regulators and self-regulatory agencies.
Michael has obtained numerous million dollar recoveries in State and Federal Courts and FINRA arbitrations. Michael recently tried a landmark case in the securities industry resulting in an award in excess of $10, 000, 000. Thereafter, Michael completed a nationwide global settlement for over 1, 000 individual registered representatives. Michael manages the Broker-Dealer Litigation Arbitration Practice in a collaborative fashion bringing in constructive ideas from clients, industry experts and team members to construct a targeted approach to expeditiously achieve the clients' goals while employing creative fee structures.
Michael served as law clerk to the Honorable Benedict E. Lucchi, Judge, Superior Court of New Jersey. Michael has extensive practice in mergers, acquisitions, and the litigation of same regarding shareholder and partnership agreements and employment contracts in both the securities and healthcare industries. Michael has also represented physicians at licensing, privileges and peer review proceedings.
Michael is admitted to practice before the Supreme Court of the United States of America and all local state courts in the states of Florida, New Jersey and New York. Michael is also admitted to practice before the United States District Courts for the Northern, Middle and Southern Districts of Florida, as well as the United States District Court, District of New Jersey.
•AV Peer Review Rated by Martindale-Hubbell
02.05.2015 Shumaker, Loop & Kendrick Data Breach Team Monitors Congress Discussions on Federal Laws
12.17.2014 Shumaker Launches New Data Breach Practice Group
09.17.2012 Landmark Victory Against Merrill Lynch Upheld by Federal Court
05.08.2012 Broker-Dealer Litigation and Arbitration Practice Achieves Landmark Victory Against Merrill Lynch
10.15.2010 Former Merrill Lynch Brokers Win $1.167 Million Arbitration Award - Merrill Lynch Change of Control Triggers Stock Vesting for Employees
06.01.2010 Recent Cases Provide Relief For Substantiating Research Tax Credit Claims, Practical Tax Strategies
2010 Trust Accountings, Chapter 5 of Administration of Trusts in Florida, Sixth Edition
05.01.2009 Gifts of Partnership Interests: Avoid the IRS's Indirect Gift Trap, Business Entities
01.01.2009 Don't Get Caught in the IRS's Indirect Gift Trap for Partnership Interests, Practical Tax Strategies
08.01.2008 The Service's Derivative Approach to Variable Prepaid Forward Sales, Practical Tax Strategies
07.01.2008 The Service's Derivative Treatment of Variable Prepaid Forward Sales, The Florida Bar Journal
01.01.2008 Obtaining Split-Gift Treatment for Transfers to Trusts, Estate Planning Magazine
10.01.2007 Beneficiary Withdrawal Powers in Grantor Trusts - A Crumm(e)y Idea? Estate Planning Magazine
07.01.2007 Qualifying Trust Transfers for Split-Gift Treatment, The Florida Bar Journal
2007 Accountings, Chapter 12 of Practice Under Florida Probate Code, Fifth Edition
2007 Trust Accountings, Chapter 5 of Administration of Trusts in Florida, Fifth Edition
2005 Accountings, Chapter 12 of Practice Under Florida Probate Code, Fourth Edition
10.01.1994 The Federal Tax Classification of Florida Limited Liability Companies, The Florida Bar Journal
1988 Allocation of Consideration in Asset Acquisitions and Tax Aspects of the Sale of a Business, Florida Bar CLE Practice Manual, Chapter 2
1984 The Impact of Recent Legislation on the Dual Banking System, The Adelphia Law Journal
01.01.1983 The Defendants Right of Confrontation, Are the Exceptions Swallowing the General Rule, The American Journal of Trial Advocacy, 421-431
Spring 2015 insights' Newsletter - Spring 2015