Successfully convinced the First Department that the City of New York Human Resources Administration (HRA) has no authority to recoup funds provided to client People Care, Inc. by the New York State Department of Health pursuant to the Health Care Reform Act. T
- Olshan Secures Appellate Victory for Client and Requires Enforcement of International Loan Agreement
The First Department Appellate Division unanimously reversed the lower court’s trial decision and entered judgment in favor of Olshan’s clients to enforce an $8 million loan agreement and accompanying personal and corporate guarantees.
Won a second appeal in a dispute between client Le Parker Meridien and its neighbor. The neighbor sought a court order to require that Le Parker Meridien move a sidewalk bridge for work it was conducting on its property, to accommodate the neighbor’s erection of a crane. After winning at the appellate division, blocking the neighbor’s attempt to forcibly move the sidewalk bridge, the neighbor brought causes of action against Le Parker Meridien for abuse of process, tortious interference with contract and prima facie tort. Olshan was successful in having those claims dismissed by the trial court, and, on the neighbor’s appeal, the appellate division affirmed our arguments.
Successfully convinced the First Department to grant summary judgment in favor of client Laurent Imbert on a claim brought by plaintiffs LCM Holdings GP, LLC and LCM Interest Holding, LLC, which sought to compel Imbert to forfeit his one-third membership interest in those entities. Imbert, a founder and former manager of LCM, had sought summary judgment in the New York Supreme Court on LCM’s claim, on the grounds that neither Delaware law nor the governing operating agreements permitted such forfeiture. The First Department agreed, reversing the Supreme Court’s denial of Imbert’s motion, and declaring that Imbert continues to own his shares in the subject companies and is not required to sell those shares to plaintiffs.
Represented Point Blank Enterprises, an international leader in the design and manufacture of body armor, in obtaining a broad injunction enjoining former Point Blank employees from starting up a competing body armor business. A Florida judge agreed with Olshan and Florida counsel, Berger Singerman LLP, that the ex-employees had misappropriated Point Blank’s confidential information and breached their non-compete and non-solicitation agreements and should be sidelined for 4½ months. The court further held that the former employees would be prohibited from soliciting Point Blank’s customers and employees for 16½ months.
New York State Supreme Court, Commercial Division, ruled in favor of Olshan clients, including Accipiter Capital Management, LLC, stating that a lack of damages and the Delaware business judgment rule blocked an investor's claims of grossly negligent management of her hedge fund interests.
Delaware Chancery Court ruled after a trial that a contested election to replace Digirad Corporation’s Board of Directors was valid. This was a significant decision on the conduct of proxy solicitations, leading to a victory for Olshan client Digirad. The litigation involved investors, the Red Oak Fund, which had challenged Digirad’s contested election for several director seats this past spring. Red Oak ran a slate of directors to oppose Digirad’s nominees in the 2013 election. Red Oak challenged the integrity of the election process via litigation. After several weeks of intense discovery and multiple depositions in a very short period of time, Olshan tried the case in Delaware. The decision validated the election process and thus the election of Digirad’s director nominees.
Recovered a $700,000 advance made by an affiliate of client Forest City Ratner to an electrical contractor, who later withdrew when the parties could not come to terms on a final contract. Olshan persuaded the Judge that the work could not be substantiated, and the Court awarded a judgment for virtually all of the amount advanced. The award provides protection for developers when wayward subcontractors do not return funds that are advanced.
Co-counsel to Nike in connection with the U.S. District Court for the District of New Jersey's refusal to dismiss Nike Inc.'s trademark infringement, trademark counterfeiting and Tariff Act claims which allege that City Ocean International Inc. imported and distributed more than 20,000 counterfeit Nike sneakers by using false documents while attempting to clear the counterfeit sneakers through U.S. Customs.
Represented the Vista Group, owners of the JFK DoubleTree, in the re-branding of the hotel to a new flag after partially settling a lawsuit against the trustee holding the hotel’s mortgage, which had alleged a loan default.
Obtained $44 million jury verdict in favor of our client Guidance Endodontics against Dentsply International and Tulsa Dental which was then the largest standing verdict in New Mexico state or federal court history. The case involved breach of an exclusive manufacturing and supply agreement, anti-competitive and unfair business practices under the New Mexico Unfair Trade Practices Act and Lanham Act violations. MORE>>
Obtained summary judgment for a financial institution, dismissing multiple claims by a former employee alleging employment discrimination in violation of Title VII, the Americans with Disabilities Act and the Family Medical Leave Act.
Represented a group of mutual funds in a Delaware appraisal rights proceeding in which a settlement was reached on the eve of trial under which our clients received a 50% premium to the original merger consideration.
Represented a publicly-held company and its subsidiary involved in the internet auction business in a six-day jury trial in the Commercial Division of the New York Supreme Court in which the client received a jury award on all of its claims, including breach of fiduciary duty and unfair competition, against a former high-level officer and his newly-formed entity.
Represented numerous holders of trademarks and other intellectual property rights in various enforcement and anti-counterfeiting litigation.
Received a judgment, after trial, in favor of a national banking institution against a municipality related to a dispute under a municipal leasing agreement.
Received summary judgment for our client, an investment vehicle that purchased securities in a bankruptcy sale of a broker-dealer, in a matter before the Southern District Bankruptcy Court that involved claims of securities fraud.
Represented an investment fund in a Section 16(b) "short-swing profit" dispute in which the Second Circuit Court of Appeals reversed a District Court decision and awarded summary judgment to our client.
Represented a hedge fund and its principals in an NASD enforcement action alleging fraud, in which, after a full hearing on the merits, the claims brought by the NASD were dismissed in their entirety.
Recovered in excess of $10,000,000 in NASD arbitrations for several foreign investors who purchased complex derivative securities from a major financial institution.
Negotiated a mid-seven figure settlement on behalf of an Official Committee of Unsecured Creditors in a bankruptcy proceeding, which was paid by insiders of the bankrupt entity.
Obtained a reversal from the Second Circuit Court of Appeals of a lower court decision overturning a $70 million judgment in our client's favor against the government of Russia. The appeal involved the interpretation and recognition of foreign arbitral awards.