Piven Trustee v. Loranger, et al. f/b/o ITT Corporation, No. 07 cv 2878 (CLB), Southern District of New York. Weiss & Lurie represents a significant investor in this is a derivative action on behalf of ITT Corporation for damages caused by management’s failure to abide by United States export restrictions for sensitive military equipment. The company was fined over $100 million for those violations. The action is currently pending.