Our firm has achieved notable results in the areas of business disputes and commercial law
GP and RC v. Confidential Entertainment Company
Our clients, two shareholders and officers of a Los Angeles entertainment company, were sued by its lenders and investors for fraud and breach of fiduciary duties in connection with loans made of which $56 Million could not be accounted for. After years of contentious litigation and a successful summary judgment motion, the case was dismissed against one client and soon thereafter we secured an extremely favorable settlement for the second.
Xiamen Trade Co., Ltd., v. Pear Connection, Inc., et al.,
Our clients, international clothing wholesalers, were sued by a Chinese corporation for breach of contract and fraud in connection with non-payment of roughly $1.5 million in goods sold and delivered and which our clients then resold at roughly twice the purchase price. We took the matter to trial and successfully limited the introduction of evidence regarding the resale of goods and then had several causes of action as well as the prayer for punitive damages dismissed and then successfully argued that damages cannot exceed 5.1% of the total invoice amount.
First Mortgage Corporation, v. Francis, et al.,
Our client, a real estate broker, was sued by a national mortgage bank alleging that the broker was the principal in a vast conspiracy involving real estate agents, appraisers, escrow officers, buyers and sellers or real estate all of whom participated in a scheme to artificially inflate real estate values, obtained loans against real estate and then split the proceeds amongst the co-conspirators and then defaulted on the loan notes leaving the bank with millions of dollars in bad debts. Our first goal was to get the broker’s insurance company to tender a defense and pay attorney’s fees and costs. We succeeded. We then moved aggressively to dismiss the case against our client. After heavy litigation and years of legal maneuvering, our motion for judgment on the pleadings was granted and the case was dismissed. The dismissal was appealed but the appellate court agreed with our arguments and affirmed the dismissal.
Maudlin v. Vasa
Our client, the CEO of a successful technology company, was sued by a former executive level employee for breach of fiduciary duties and breach of contract in connection with a multi-million dollar retirement plan that had ceased making payments to the employee. After a two week trial, we successfully obtained a verdict holding that our client owed no duties to the former employee and then successfully had the judgment affirmed on appeal.