Gartner + Bloom Wins Seven-Figure Award in Manhattan Arbitration Involving LLC Dispute

By:      Gartner + Bloom, P.C.

Date:   January 16, 2019

            Partner Arthur P. Xanthos and Associate Michael E. Kar recently won a seven-figure award on behalf of a member of a limited liability company (LLC) in the construction industry. The Firm’s client had been unjustly expelled from the construction company and denied his equity interest therein. G&B brought the issue to arbitration before the American Arbitration Association, which resulted in two weeks of hearings including extensive forensic analysis of LLC transactions, competing and complex business valuations, and pivotal contract interpretation issues.

            All of the opposition’s counterclaims were dismissed, and the Firm’s client was awarded his full equity interest, with all costs and interest.

            G&B endeavors to settle business disputes practically and without the need for litigation (and indeed attempted to do so in this case prior to the arbitration). When necessary, however, our attorneys advocate for our clients to the fullest extent of the law in front of courts or arbitral forums.