Investor "S" v. Managing Member "P"

Jason Walter Klawitter

Case Conclusion Date:October 27, 2010

Practice Area:Partnership

Outcome:Favorable Settlement at Mediation

Description:I successfully represented a seasoned real estate professional who was an employee of a developer and investor in several of the devloper's data center and hotel projects. Investor alleged that the managing member abused his position to defraud investor of approximately $5,000,000. Developer countered by saying that investor didnt properly meet capital calls and other obligations. After much hard-fought litigation, the matter was settled at mediation. During the course of the battle, my client recovered approximately $4,500,000.00, which was a fantastic outcome as the developer had taken a hard-line position claiming that the client actually owed him over $5,000,000.00.