Michael S. Taaffe: Lawyer with Shumaker, Loop & Kendrick, LLP

Michael S. Taaffe

Partner, Broker Dealer Litigation/Arbitration Practice Administrator
Sarasota,  FL  U.S.A.

Peer Rating
AV® Preeminent

Client Rating

Featured AV Peer Review Rated Lawyer IconFeatured AV Peer Review Rated Lawyer Icon
Printer Friendly VersionEmail this PageDownload to My Outlook ContactsAdd lawyer to My FavoritesCompare this lawyer to other lawyers in your favorites

Experience & Credentials Ratings & Reviews

Practice Areas

  • Broker-Dealer Litigation and Arbitration
  • Data Breach
  • Commercial Litigation
  • Labor and Employment
  • Federal Court Litigation
  • Financial Institutions
  • Healthcare
  • Litigation
  • Securities
  • Banking and Financial Institutions
Mailing AddressP.O. Box 49948, Sarasota, FL, 34230
University University of Rhode Island, B.A., 1980
Law SchoolSeton Hall University, J.D., with honors, 1983
Admitted1983, New Jersey; 1985, Florida; 1985, New York; 1987, United States District Court Middle District of Florida; 1993, United States Supreme Court; 1995, United States District Court Southern District of Florida; 2001, United States District Court Northern District of Florida

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

News Releases

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


Documents by this lawyer on Martindale.com

Subscribe to this feed

Data Breach: Every Business Needs an Elite Goalie
Michael S. Taaffe,David L. Wyant, Jr., June 24, 2015
The days of standing behind someone at the grocery store who is paying with a personal check, or, around the office, hauling physical paper files, are essentially extinct. To many Americans, the cash register and filing cabinet are now antiques. The costeffectiveness and efficiency brought by...

Congress Discusses Federal Data Breach Laws
Michael S. Taaffe, April 10, 2015
Earlier this week, the U.S. House of Representatives’ Subcommittee on Commerce, Manufacturing and Trade held a hearing during which there was a discussion of a Congressional proposal for a federal data breach statute.

View Ratings & Reviews
Profile Visibility
#112 in weekly profile views out of 1,485 lawyers in Sarasota, Florida
#100,525 in weekly profile views out of 1,726,728 total lawyers Overall

Office Information

Michael S. Taaffe

240 South Pineapple Avenue
SarasotaFL 34236


Professional Networking for Legal Professionals Only

Quickly and easily expand your professional
network - join the premier global network for legal professionals only. It's powered by the
Martindale-Hubbell database - over 1,000,000 lawyers strong.
Join Now