Michael J. Giarrusso
Michael J. Giarrusso focuses his practice primarily on securities disputes in arbitration before the Financial Industry Regulatory Authority ("FINRA") and litigation in state and federal court, including individual actions, class actions and shareholder derivative litigation.
Mr. Giarrusso has substantial experience representing aggrieved investors against brokers, associated wealth managers and/or broker-dealers in connection with a broad range of disputes, including claims grounded in unsuitability, overconcentration, improper margin liquidation, churning and reverse churning, misrepresentation and/or fraud, breach of fiduciary duty, as well as failure to supervise. A former financial services industry professional, he worked as a credit analyst at a major Wall Street investment firm prior to law school. In that regard, Mr. Giarrusso learned the industry from the inside while monitoring the integrity of various collateral underlying securities based loans and interfacing with brokers and loan traders on a daily basis. Drawing upon his industry experience, Mr. Giarrusso has provided representation to brokers in disputes with their former employers over promissory notes and issues related to deferred compensation.
Mr. Giarrusso also has significant experience in complex litigation, including securities class action suits brought on behalf of investors seeking to recover their losses. In addition, Mr. Giarrusso has represented retail investors before the National Futures Association ("NFA") concerning investments in commodities and futures products.
Mr. Giarrusso has obtained favorable recoveries and results on behalf of his clients. For example, with respect to a FINRA arbitration he represented an elderly married couple who were improperly overconcentrated in unsuitable CMO’s, as well as several leveraged inverse funds. In that matter, Mr. Giarrusso successfully negotiated a settlement against a major Wall Street wirehouse. More recently, Mr. Giarrusso has assisted Christopher Gray and other counsel for plaintiff in a class action proceeding grounded in breach of contract allegations concerning the dividend reinvestment programs for certain non-traded REITs, as well as a shareholder derivative litigation against the board of trustees of another non-traded REIT.
Mr. Giarrusso has taught continuing legal education courses concerning securities arbitration as a method of dispute resolution, as well as recent trends in securities arbitration and litigation. Prior to joining Law Office of Christopher J. Gray, P.C., Mr. Giarrusso worked at a boutique securities arbitration and litigation firm in New York. Previous to that, he worked as an associate at Dilworth Paxson LLP, in their Red Bank, NJ office. He earned his undergraduate degree from Princeton University and graduated from Syracuse University College of Law.
J.D., Syracuse University College of Law, 2007
A.B., Princeton University, 2000
State of New Jersey
U.S. District Court Southern District of New York
U.S. District Court District of New Jersey