Source: https://www.mccarter.com/William-D-Wallach/
Timestamp: 2019-04-21 16:29:45+00:00

Document:
William D. Wallach focuses his commercial law practice on the following areas: the representation of companies and their management in connection with their fiduciary duties and statutory obligations; member and shareholder disputes in the context of closely-held entities; and situations under Articles 2, 3, 4 and 9 of the Uniform Commercial Code. In addition, he is expanding his services as an arbitrator and mediator.
Stevens v. Beumer Corporation, et als., Delaware Court of Chancery – representation of Company and officers in response to lawsuit challenging actions of the majority owner of a joint venture, as well as calculation of earn-out payments.
PFT Technology LLC v. Wieser, Supreme Court of New York (Nassau County, Commercial Division) – representation of Company and majority members in action commenced to obtain the involuntary disassociation of minority member when the parties’ efforts to consensually agree upon terms of buy-out were unsuccessful.
Chicago Title Ins. Co. v. Consolidated Rail Corporation, Superior Court of New Jersey (Hudson County, Law Division) – representation of Conrail in defense of claims of fraud and misrepresentation arising from the sale of former railroad property in Jersey City, New Jersey.
Nagle v. Solberg, Superior Court of New Jersey (Hunterdon County, Chancery Division) – representation of client challenging oppressive conduct of majority shareholders in connection with ownership and operation of privately owned airport.
Borough of Carteret v. Consolidated Rail Corporation, Superior Court of New Jersey (Middlesex County, Chancery Division) – representation of Conrail in opposing Borough’s efforts to inspect and condemn railroad property, which are preempted by federal law.
Mr. Wallach regularly appears in both the state and federal courts in New Jersey and New York, and participates in arbitrations across the country. He has been appointed as a Monitor, Receiver, and Special Fiscal Agent on several occasions by Chancery Judges in New Jersey. In addition, he has spoken on various topics such as: Article 2 Sales Issues for Lawyers and Non-Lawyers; Disputes Involving Closely-Held Businesses with New Jersey Supreme Court Justice Daniel O'Hern; Expert Testimony Issues for CPA's and Seminars for Management on How to Avoid Litigation and How to Manage Litigation; and Litigation Strategies in Federal Court.
NY Giants v. New Jersey Sports and Exposition Authority, Superior Court of New Jersey, Chancery Division, Bergen County (counsel for The New York Giants in challenge to construction of Xanadu project and to enforce lease provision for "state of the art" stadium).
Quinn v. The State of New York, 709 N.Y.S.2d 122 (Ct. App. 2000) (as co-counsel for the State of New Jersey, declaration of New York's Amended Commuter Tax as unconstitutional.
Zambia Nat. Commercial Bank v. Fidelity Intern. Bank, 855 F. Supp. 1377 (S.D.N.Y. 1994) (comparative negligence of the plaintiff precluded recovery on claim for forged check).
Stella v. Dean Witter Reynolds, Inc.
Stella v. Dean Witter Reynolds, Inc., 241 N.J. Super. 55 (App. Div.), certif. denied, 122 N.J. 418 (1990) and McAdam v. Dean Witter Reynolds, Inc., 896 F.2d 750 (3d Cir. 1990) (establishing rules concerning allocation of loss under Articles 3 and 4 of the UCC).

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