Charles Stoia

Practice Details

• Firm Information
  Position

  Principal

  Firm Name

  Porzio, Bromberg & Newman P.C.
• Representative Cases & Transactions
  Cases

  Representative Matters: Successfully represented a multi-national company in insurance coverage litigation valued at more than $250 million against dozens of insurers involving multiple sites across the United States.
  Obtained an arbitration award in favor of a national airline in defense of a contractual indemnity claim alleging liability for environmental damages estimated at over $25 million.
  Represented the majority shareholder of a publicly traded company who sold his controlling ownership in the company for $7.5 million. When the purchaser failed to pay the balance of the sale price due under a promissory note, Charlie obtained a $5.4 million judgment against the surety company that issued a bond to secure the promissory note. When the judgment proved uncollectable, he successfully settled
  obtained a jury verdict against the insurance brokers who negligently placed the promissory note with a surety company that was not authorized or admitted to issue surety bonds in New Jersey.
  Obtained dismissal on motion, without any discovery, in an action alleging that two pipeline companies were responsible for an alleged $25 million in damages resulting from MTBE contamination of drinking water wells on Long Isl
  .
  Successful at trial in defense of an environmental contamination matter seeking $7 million alleging that client who operated a vapor degreaser at the site was responsible for costs to investigate
  clean up environmental contamination.
  Won a verdict at trial against a former employee who was found liable for stealing the employer's confidential client list
  using the list to improperly solicit clients.