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Am Law 100 firm with practices in Business, Digital Assets and Data Management, Intellectual Property, Labor & Employment, Litigation and Tax.

Home | BakerHostetler

Nationwide CTA Injunction Is Back in Effect. What Happens Now?

Alexander Reid Quoted About OpenAI in New York Times and Bloomberg’s ‘Money Stuff’ Newsletter

Robb Adkins, Rachel Ofori Publish Article on White-Collar Defense After Catastrophic Incidents

Fifth Circuit Strikes Down CTA Injunction, FinCEN Extends Deadline to Jan. 13, 2025

An experienced and practical advocate, Torello takes pride in the work he does advising clients through a wide range of commercial disputes, whether in mediation, arbitration or litigation in state and federal trial and appellate courts.

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J.D., Cornell University Law School, 2006

B.A., Columbia University, Columbia College, 1999

<ul>
<li>The Legal 500 United States (2017)
<ul>
<li>Recommended in Antitrust &#8211; Civil litigation/class actions</li>
</ul>
</li>
<li>New York Metro Super Lawyers &#8220;Rising Star&#8221; (2013 to 2017)</li>
</ul>

New York

Firm, Madoff Team Earn Prestigious Award for Significant Litigation

150 BakerHostetler Attorneys Named 2016 Super Lawyers; 91 Named Rising Stars

Bloomberg’s article “Madoff Victims to Get $322 Million in Trustee Payout” acknowledges BakerHostetler attorneys at announcement of fifth distribution plans

CNBC reports on BakerHostetler and the Madoff Recovery Initiative in article Madoff Recoveries Top $10 Billion With New Settlement, “… an amount virtually no one thought possible”

The Associated Press reports on BakerHostetler and the Madoff Recovery Initiative recoveries of $10.5 billion

BakerHostetler talks with USA Today about the SIPA Trustee’s fourth pro rata interim distribution; states Madoff Recovery Initiative nears $6 billion in distributions to allowed claimants

BakerHostetler’s settlement with JPMorgan Chase and the ongoing Madoff Recovery Initiative Discussed on National Public Radio’s All Things Considered

BakerHostetler appears on NPR’s All Things Considered to discuss Madoff Recovery Initiative; host Robert Siegel interviews SIPA Trustee Irving Picard and his Chief Counsel David Sheehan

Madoff Recovery Initiative surpasses $5 billion in distributions to allowed claimants; CNBC’s Scott Cohn discusses latest recovery with BakerHostetler’s SIPA Trustee Irving Picard and his Chief Counsel David Sheehan

Madoff Recovery Initiative Marks Fourth Anniversary … Moves into Fifth Year Still Building Recovery Momentum

BakerHostetler’s work recovering more than half of the losses in the Madoff Ponzi scheme featured on WNYC in interview on The Brian Lehrer Show

Press Release: Second Interim Distribution of Recovered Funds to Madoff Claim Holders

Press Release: United States Supreme Court Denies Certiorari, Upholding Net Equity Decision in BLMIS Liquidation

The Wall Street Journal showcases BakerHostetler and the “unprecedented magnitude” of the global recovery efforts in article “The Madoff Liquidation, Three Years Later”

Press Release: Initial Interim Distribution of Recovered Funds to Madoff Claims Holders

The New York Times reports on BakerHostetler’s negotiation and settlement with the Picower Estate for $5 billion in the SIPA liquidation of Bernard L. Madoff Investment Securities LLC

Litigation

Securities and Governance Litigation

Antitrust and Competition

Commercial Litigation

White Collar, Investigations and Securities Enforcement and Litigation

Global Fraud and International Asset Tracing and Recovery

Multidistrict Litigation

<ul>
<li>Since 2010, has been a part of the litigation team representing the Securities Investor Protection Act (SIPA) trustee in the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS). Has been actively involved in the worldwide investigation and asset recovery efforts being conducted by the SIPA trustee for the benefit of BLMIS customers. His work on behalf of the SIPA trustee primarily involves litigation against offshore BLMIS feed fund defendants, former BLMIS employee defendants and financial institution defendants who issued structures products underlying BLMIS feeder funds.</li>
<li>Represented a former chief financial officer in a contract dispute with the nation&#8217;s largest mortgage real estate investment trust. The case involved an American Arbitration Association proceeding following the client&#8217;s resignation for good reason. After a weeklong arbitration, the parties settled for the client&#8217;s full demand amount.</li>
<li>Represented the court-appointed receiver of a loan origination and servicing company in a consumer fraud case brought by the New York State Department of Financial Services. Advised the client in litigation over sales of company assets, and successfully defended the client against breach of fiduciary claims in district court and the court of appeals.</li>
<li>Represented a Fortune 100 company accused of price fixing in a multidistrict consolidated class action litigation. The matter involved an internal investigation with dozens of witness examinations regarding potential criminal conduct and class action litigation brought by direct and indirect purchasers.</li>
<li>Defended a broker/dealer employee against charges brought by the Financial Industry Regulatory Authority following termination of employment. Obtained settlement in favor of the client following successful Wells submission.</li>
<li>Represented officers and directors of a global organic food company in a Securities and Exchange Commission investigation and in private class action litigation under Section 10(b) of the Securities Exchange Act arising out of a restatement of company earnings.</li>
<li>Represented a foreign online game developer in class action litigation under Section 11 of the Securities Act for failure to disclose information prior to its initial public offering.</li>
<li>Member of the team representing a financial institution during an auction-rate, securities-related investigation brought by the New York State attorney general.</li>
</ul>

Torello H. Calvani

Torello H. Calvani

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