Sunday, April 28, 2013

Stephen P Younger says God is Great and


Andrew Cuomo is God because he purports to be able to tell the bettors of Nassau County and beyond when is "Easter Sunday" and he says Nassau OTB must close or else.  Andrew Cuomo does not believe that there is an Eastern Orthodox Church which observes Easter Sunday on any other day than he does. Ditto for Palm Sunday.

A lawyer is an assault rifle that you load with cash.

Stephen P. Younger

Partner
P: 212-336-2685
F: 212-336-7981

Overview


Stephen Younger, Past President of the New York State Bar Association, is a leading commercial litigator who is also well-known for his alternative dispute resolution work. Having been with Patterson Belknap since 1985, Mr. Younger has more than 25 years of experience as a commercial litigator. As a seasoned trial lawyer, he has tried many cases in federal and state court and before arbitration panels. He also frequently argues appeals, particularly in the appellate courts of New York. Based on his significant ADR experience, he is often called on to serve as an arbitrator or mediator in high-stake matters.

Mr. Younger’s clients include financial institutions, mutual funds, hedge funds, pension funds and venture capital firms involved in commercial, securities and real estate disputes. He has also developed an extensive practice representing Latin American companies in U.S.-related matters.

In addition to his previous role as State Bar President, Mr. Younger has sat on numerous New York State Bar Association committees. He is Past Chair of the New York State Bar Association's Commercial and Federal Litigation Section, having previously served as Chair of its Securities Litigation Committee and of its ADR Committee. Mr. Younger also served as Chair of the New York State Bar Association's Task Force on Nonlawyer Ownership of Law Firms. He is a member of the ABA’s House of Delegates, and chairs the ABA’s International Mediation Committee. He serves as the ABA’s representative to the United Nations Economic and Social Council and as Chair of the ABA Task Force on International Trade in Legal Services.

Mr. Younger was appointed to Governor Andrew M. Cuomo's Transition Committee and was also the Transition Director for Mr. Cuomo when he was the New York State Attorney General. He was also appointed to the Transition Committee for Attorney General Eric Schneiderman. Mr. Younger was a member of the Transition Committee for New York County District Attorney, Cyrus Vance. Mr. Younger is counsel to the New York State Commission on Judicial Nominations which nominates New York’s Court of Appeals Judges, and is a member of the First Department Judicial Screening Committee.

Mr. Younger is the Chair of the Executive Advisory Committee of the CPR Institute for Dispute Resolution. He is on the Board of Directors of the Fund for Modern Courts and received the Fund’s John J. McCloy Award. He served on the Chief Judge's Task Force on Commercial Litigation in the 21st Century, and currently serves on both the Chief Judge’s Commercial Division Advisory Council and the Advisory Committee to the New York County Commercial Division. He was formerly a member of the Chief Judge’s Advisory Committee on New York State Pro Bono Bar Admission Requirements. A long time Trustee of Albany Law School, Mr. Younger is Past President of its National Alumni Council.

Mr. Younger has spoken at more than 200 seminars and written over 30 articles in the fields of securities litigation, commercial arbitration and international dispute resolution.

Prior to joining Patterson Belknap, Mr. Younger served as Law Clerk to the Hon. Hugh R. Jones, Associate Judge for the New York Court of Appeals.

Representative Matters

Complex Commercial Litigations
Representing a manufacturing company in a shareholder class action concerning non-disclosure of the impact of business developments on its stock price.

Defended a brokerage firm in a RICO and securities fraud litigation concerning alleged non-disclosures of information and manipulation of market in a major Eurobond offering.

Defended a media company in a class action concerning the restructuring of a television station limited partnership.

Obtained dismissal on summary judgment of a securities class action against directors of a consumer products company.

Investigated a complex fraud scheme involving the privatization of state-owned enterprises in Azerbaijan, and launched cases around the world to freeze $80 million worth of assets and recover the funds for a major insurance company.

Prosecution for a brokerage firm of NASD arbitration involving complex securities market manipulation scheme.

Obtained dismissal of a two billion dollar claim versus directors and officers of a foreign bank.

Represented a major international insurance company in multi-jurisdictional fraud litigation over a foreign investment in the face of an FCPA defense.

Conducted investigation and litigation of unauthorized trading scheme for state-owned mining company, including allegations of kickback payments and market manipulation.

Represented a foreign bank in complex litigation brought against the trustee that oversaw mortgage pools that were alleged to have been impacted by fraudulently induced condominium purchases.

Advising the board of a tech company on takeover defense issues.

Arbitrations and ADR Service as arbitrator in a dispute over the refurbishing of a private jet.

Successfully defended a brokerage firm in multi-day arbitration hearings against claims that CMO investments were unsuitable for an institutional client.

Chaired arbitration panel in an international dispute over a merger and acquisition transaction.

Prevailed in a major international arbitration over the breach of an agreement to acquire a telecommunications company.

Won a stock exchange arbitration involving failed securities trades on behalf of a brokerage firm.

Mediated a dispute over liabilities assumed in a corporate takeover.

Successfully defended a publishing company in arbitration seeking to enforce provisions of a shareholders agreement.

Mediated a series of disputes over bond defaults by a Latin American country.

Represented a real estate developer in multi-day arbitration hearings in a complex construction dispute.

Representing a metals trading company in a multi-million dollar commodities arbitration involving aluminum and bauxite trading contracts.

Appeals
Won a case of first impression in New York's Appellate Division concerning the viability of a fraud claim for concealing evidence that was subpoenaed in a commercial arbitration.

Successfully appealed a groundbreaking fiduciary decision concerning the liability of financial advisers in New York.

Obtained reversal of attachment order over a Miami hotel under novel jurisdictional theories.

Argued appeal of collateral estoppel issues in a major commercial litigation in the New York Court of Appeals.

Handled an appeal to the New York Court of Appeals in a case of first impression involving the enforceability of preliminary agreements under New York law.

Arguing an appeal to the New York Court of Appeals in a dispute over the dissolution of a hedge fund.

Handling an appeal in the New York Court of Appeals asserting that the New York Attorney General is bound by arbitration clauses signed by alleged victims.

Won an appeal in the Second Circuit of a preliminary injunction against retaliation under the FLSA.

Handled a Second Circuit appeal regarding the scope of arbitration clauses as applied to a mutual fund adviser.

Handled an appeal of a constitutional challenge to New York's assessment system for Workers Compensation insurance.

Law Firm Defense Defended securities fraud suit against major law firm concerning bond issue of a United States commonwealth.

Defended disciplinary complaint brought against corporate attorney.

Defended multiple disqualification motions in major commercial litigation.

Advised law firm on compliance with ethics rules.

Other High Profile Matters Served as lead counsel in mediation of dispute over large bequest to Presidential Library.

Served as Special Counsel to the Mayor to investigate the New York City Commissioner of Cultural Affairs.

Represented well-known hip-hop producer in First Amendment challenge to New York's Lobbying Law.

Handled litigation challenging the constitutionality of aspects of New York’s Workers Compensation Law.

Advised New York's Chief Judge on legal issues surrounding the prolonged failure to grant pay raises to the judiciary.



The New York Times


April 27, 2013

Many Openings at State Agency Go to Those With Ties to Cuomo

ALBANY — New York State’s economic development agency created a new position last June, and then found a candidate to fill it: a young man named Willard Younger, who had just graduated from Colgate University with a degree in classics and religion. He became a special projects associate, at a salary of $45,000 a year, according to state personnel records.
His father, Stephen P. Younger, is a lawyer and power broker in legal circles who was a member of one of Gov. Andrew M. Cuomo’s transition teams. He has also donated $26,000 to Mr. Cuomo’s campaigns over the years, disclosure records show.
The next month, the agency hired 23-year-old Andrew Moelis, a University of Pennsylvania graduate, for another new position, strategic planning associate, at a salary of $75,000 a year.
Shortly before Mr. Moelis’s first day of work, his father, Ron Moelis, a prominent real estate developer, gave $25,000 to Mr. Cuomo’s re-election campaign, according to the records.
Since taking office in 2011, Mr. Cuomo has repeatedly pledged to bring a new approach to Albany, where politicians of both major parties have long rewarded supporters with jobs that are not open to the general public.
But an investigation by The New York Times into hiring by the agency, the Empire State Development Corporation, shows how Mr. Cuomo’s administration has engaged in some of the same patronage practices that have often prevailed here.
The investigation was based on personnel records obtained through a Freedom of Information request, as well as campaign finance and other state records. Numerous interviews were conducted with state officials, employees and outside experts.
While some of the new employees at Empire State had experience in economic development, others did not. Some of the jobs were not open to competition, and were filled with little input from the agency itself.
Empire State has also hired friends of Mr. Cuomo who may help form his political brain trust should he decide to run for president in 2016.
James P. Rubin, a former State Department spokesman, was hired at the agency in 2011 as counselor on competitiveness and international affairs, with a salary of $150,000 a year. Mr. Rubin’s appointment was seen by political consultants as a move by Mr. Cuomo to add a foreign policy hand to his stable.
Empire State hired 49 people in the first 20 months of the Cuomo administration, according to personnel records obtained by The Times. Nearly a third were the governor’s political associates, donors and friends, or their relatives, the records and interviews show.
At least seven of the new hires with connections were placed in newly created positions.
Mr. Cuomo’s office said that openings at Empire State were posted on many popular job sites in 2011 and 2012, including Monster.com.
After repeated requests for evidence of the postings, the office on Saturday morning provided receipts for those of six jobs advertised on Web sites in 2011 and 2012.
The office also said openings at Empire State were advertised extensively on job banks and Web sites run by the state government.
In a statement, the office said that questions about Empire State’s hiring practices amounted to an attempt to “create a scandal.”
“We have launched marketing, advertising and outreach campaigns that are unprecedented for state government,” the statement said, adding that such questions “unfairly tarnish the reputation of those who have taken a chance by entering public service instead of joining or remaining in the private sector.”
The administration has also said it had recently retained a consultant to improve recruitment of candidates for state agencies.
When Mr. Cuomo announced in October that he was seeking to hire a consultant, he declared that he was handling the filling of jobs differently than his predecessors.
“The old appointments process was disjointed and politicized, and it lacked access to the tools used by today’s recruitment professionals,” Mr. Cuomo said in a statement.
At a time when New York’s unemployment rate is higher than the national average, Empire State is supposed to play an important role in helping the administration bolster the state’s economy. It offers loans, tax credits and grants aimed at attracting and keeping businesses.
With about 300 employees, Empire State is one of the smaller state agencies. But governors of both parties have often used it for patronage because legally, it is a public authority — nominally independent of the state government, though controlled by the governor.
As a result, its workings are not subject to as much oversight as agencies within the executive branch itself.
Still, under the state’s Public Authorities Reform Act, Empire State board members have a fiduciary duty to the mission of the agency, not to outside political considerations.
Former Assemblyman Richard Brodsky, a Democrat who spearheaded the act, said the Cuomo administration’s hiring practices had undercut reform efforts.
“Authorities are not part of the executive branch, and their leadership is legally required to make judgments in the public interest, not in the interest of the executive branch,” Mr. Brodsky said.
Mr. Cuomo appointed a political ally, Kenneth Adams, as Empire State’s president in January 2011.
Mr. Adams previously ran the New York State Business Council, the leading advocacy group for business in the state, when it provided an important endorsement for Mr. Cuomo in the 2010 campaign. The Business Council has also collected money from contributors to help finance the Committee to Save New York, a lobbying and advocacy group set up with Mr. Cuomo’s blessing to promote his agenda.
Mr. Adams declined to comment.
Some of the new employees at Empire State seem to have benefited more than once from their connections to the Cuomo administration, according to interviews, state records and résumés on LinkedIn, the business social-networking Web site.
Mr. Younger, the recent Colgate graduate hired by the agency in June, had summer jobs in Mr. Cuomo’s office in 2011, as well as in 2010, when Mr. Cuomo was attorney general.
His father, Stephen, is a past president of the state bar association and a partner at Patterson Belknap Webb & Tyler in Manhattan. In addition to serving as a member of one of Mr. Cuomo’s transition teams after he was elected governor, Stephen Younger was a transition director for Mr. Cuomo after he was elected attorney general in 2006.
Neither Younger responded to several messages seeking comment. Josh Vlasto, Mr. Cuomo’s chief of staff, said he knew Willard Younger personally, praising him as a “tireless and exceptional worker.”
Mr. Moelis, who was hired as the $75,000-a-year strategic planning associate, graduated from the University of Pennsylvania in 2010 with a degree in Assyriology, the study of ancient Mesopotamia, according to his résumé on LinkedIn. He worked for Citigroup as an analyst before being hired by Empire State.
Asked about Mr. Moelis’s qualifications, Mr. Cuomo’s office said that he had turned down an offer to stay at Citigroup before joining the agency.
Still, his ties to the administration run deep. His father, and his father’s real-estate firm, have donated a total of $75,000 to Mr. Cuomo’s campaigns over the years. His uncle, Kenneth Moelis, is a financial consultant whose firm, Moelis & Co., was hired by the administration last year as an adviser on gambling matters.
Reached by phone, Andrew Moelis declined to comment. At Empire State, he is listed as a contact on a redevelopment project that the agency is overseeing at Belmont Park on Long Island.
Maya Kriet, a spokeswoman for his father, Ron Moelis, said “there was no link between” the donation or political considerations and the hiring.
“Ron did not ask the governor or any of his staff to hire his son,” she said. “Andrew made a personal decision to join Empire State Development.”
Other employees include Rachel Adler, a $35,000-a-year press officer who graduated from the Fashion Institute of Technology in 2011. She is the daughter of Paul Adler, the former Rockland County Democratic chairman, who went to prison several years ago on federal corruption charges but is now active again in political circles.
Ms. Adler did not respond to requests for comment. Mr. Adler said he had nothing to do with his daughter’s appointment, declining to comment further.
Mr. Cuomo’s office said Ms. Adler specialized in social marketing, crediting her with helping to increase Empire State’s Twitter followers by 5,000 since her hiring in November 2011.
Some officials at the agency are friends and political associates of Mr. Cuomo. Mr. Rubin, the former State Department spokesman, knows Mr. Cuomo from President Bill Clinton’s administration. (Mr. Cuomo was Mr. Clinton’s housing secretary.)
Mr. Cuomo’s office said trade missions conducted by Mr. Rubin had helped increase the exports of 63 state companies. Mr. Cuomo also named Mr. Rubin to the board of the Port Authority of New York and New Jersey.
In announcing Mr. Rubin’s appointments to the two agencies in October 2011, Mr. Cuomo said, “With decades of work in government, finance and the media, James Rubin is a true national leader in international economic affairs."
Mr. Rubin declined to comment. Several others with political ties to Mr. Cuomo who were hired at Empire State either declined to comment or did not respond to phone and e-mail messages.
Rhoda Glickman is a $150,000-a-year senior vice president of arts and cultural development at the agency. She is the wife of Dan Glickman, who served in the Clinton cabinet with Mr. Cuomo and is the former head of the Motion Picture Association of America. She once ran a Congressional arts organization when her husband was in Congress, and her son Jonathan is a film studio executive.
“Her family is well known in the industry,” Mr. Cuomo’s office said.
The Glickman family has donated nearly $43,000 to Mr. Cuomo’s campaigns since 2001, according to campaign disclosure records.
Empire State also hired Irene Baker, a lawyer who had worked for Mr. Cuomo in the attorney general’s office, at a $120,000 salary, even as she was also acting as a director of cabinet affairs for Mr. Cuomo. Under the law, public authorities are required to operate at arms-length from the executive branch, raising questions about such dual roles. (Ms. Baker later resigned to take a job at Madison Square Garden.)
A number of other executives have been active in state politics. Sam Hoyt, a senior official at the agency, is a former Democratic assemblyman from Buffalo who was once involved in a sex scandal with an intern. A longtime ally of the governor, he was hired to represent the agency in the Western part of the state and earns $139,000 annually.
When the New York Legislature approved same-sex marriage in 2011, a signature Cuomo initiative, one of the administration’s allies was Ross D. Levi, executive director of the Empire State Pride Agenda. Mr. Levi was later dismissed by the group after he had a falling out with its board.
He ended up at the agency, where he earns $130,000 as a vice president of marketing.
Mr. Cuomo’s office said Empire State had hired Vincent Esposito, a former county legislator and aide in the Assembly, because he had worked on economic development projects.
But last year, Mr. Esposito was widely viewed as a leading Democrat to take on State Senator James Alesi, an upstate Republican who provided a crucial vote in support of same-sex marriage.
Mr. Cuomo took a number of steps to shore up the re-election prospects of Mr. Alesi and three other Republicans in the Senate who supported the bill.
Mr. Esposito dropped out of the Senate race in May 2012. Two months later, he received a job at Empire State.


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