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.
- $825,000 Savings to Client. Corporate Deadlock & Minority Shareholder Action. In a closely held corporation owned 50-50 by two brothers, we filed suit to force a buy-out of the defendant brother’s interest in the company. Defendant brother’s interest was valued at approximately $1,300,000. We achieved a complete resolution of the matter for $475,000, thereby saving the client $825,000.
In this closely held corporation owned 50-50 by two brothers, we filed a lawsuit on behalf of our pulverizing company client asserting oppressed minority shareholder and corporate deadlock claims against one of the owners who refused to vote his shares or take any action on behalf of the company. As a result of the defendant’s refusal to act, the company was in dire financial condition and could not implement the business initiatives it had developed to revitalize its business. After successfully serving the defendant at his residence in Germany under the Hague Convention laws, we were able to achieve a favorable settlement on behalf of our client whereby our client bought-out defendant’s ownership interest in the company at below fair market value, thereby saving the company from dissolution.