The New York Supreme Court of New York County granted the Firm’s motion to dismiss claims brought by a major European bank alleging that the Firm’s clients fraudulently received more than $150 million in assets. The Court agreed with our argument that our clients, a Monaco resident and a Turks & Caicos Islands corporation, were not subject to personal jurisdiction in New York. The decision was covered in the national and international media. The case team consisted of Charlie Pieterse, who argued the motion, Tom O’Connor, and Wyatt Jansen.
The Firm has been retained to serve as counsel to the largest commercial real estate service and investment firm in the world as the receiver of a 1.1 million square foot office complex in Fairfield County. We represent the receiver in all aspects of owning, leasing, and managing the complex; in connection with a potential sale of the property; and in litigation matters arising from its role as receiver. Cyd Smith is handling the real estate matters, and Rod Saggese is handling the litigation matters.
Luke Tashjian was elected Chair of the Tax Section of the Connecticut Bar Association.
The Firm negotiated a favorable settlement for our client, a division of an international construction conglomerate, in a $25 million lawsuit brought by the State of Connecticut. The suit arose from alleged deficiencies in the design and construction of a major public works project completed in the mid-1990s, on which our client served as construction manager. The case involved discovery spanning more than 25 years, as well as complex engineering, design, and construction issues concerning the standards in place at the time of the original design and construction of the project. After a 5-day mediation, we settled the case for a small fraction of the State’s initial demand. Jim Riley and Wyatt Jansen handled the matter.
Luke Tashjian presented at the National Business Institute regarding Business Succession Planning.