RECENT RESULTS OBTAINED BY FRIER LEVITT
Frier & Levitt has achieved substantial results on behalf of clients in personal injury, product liability, wrongful death and employment matters. In some cases, we are barred by Confidential Settlement Agreements from mentioning the names of our clients or the names of the defendants. However, we are permitted to reveal the types of claims and the amount of money we recovered by way of jury verdict or settlement.
- $3.7 Million Savings to Client. Breach of Equipment Lease and Personal Guaranty. Our medical imaging client and its physician owners were sued for breach of an equipment lease and personal guaranty by the lessor. The lessor sought approximately $7,000,000 in damages and return of the imaging equipment. We settled the case for $3.7 Million and our client kept the equipment.
Our medical imaging client and its physician owners were sued by a global manufacturer/lessor of radiology equipment for an alleged breach of multiple equipment leases and personal guarantees entered into by our clients in connection with multi-million dollar state-of-the-art medical imaging equipment. Under the terms of the equipment leases and personal guarantees, the manufacturer/lessor declared our clients in default on the leases and personal guarantees for non-payment, and accelerated the balance due on the equipment. The manufacturer/lessor sought approximately $7,000,000 in damages. After successfully preventing the manufacturer/lessor from repossessing and removing the equipment from our client’s facility, we settled the lawsuit for $3,300,000. In exchange, our clients were able to keep the equipment, thereby saving them approximately $3,700,000.