Clients in ADR Case Studies
Partnership Dispute
Result:
Arbitration award of $15 million and client obtained control of $265 million from partners.
Client:
Major Real Estate Developer
Overview:
In a partnership dispute after the partners had developed a 1,000 apartment complex and multiple mobile home parks, McManis Faulkner obtained an arbitration award for the firm’s clients against their opponents for $15 million on a defaulted loan and positioned the case so that the clients could buyout their partners in the projects, which had a total value of $265 million in the dissolution of the partnership.
Commercial Dispute Overpaid Rent
Result:
After filing suit, McManis Faulkner obtained agreement from client’s former landlord to refund $1.5 million in disputed overpaid rent.
Client:
International Public Company
Overview:
An international high technology company mistakenly overpaid rent on its large Silicon Valley office and research center to a national property owner. After vacating the property, the client discovered that it had overpaid rent for several years. The property owner asserted that the rent was properly paid, under a disputed interpretation of the lease. McManis Faulkner filed suit on behalf of the client but moved the matter quickly into mediation, to attempt to obtain a favorable result with minimal cost to the client. The case was effectively and efficiently resolved at mediation to the client’s satisfaction, with payment by the adverse party of $1.5 million in refunded rent.
Commercial Dispute / Settlement Agreement
Result:
Obtained settlement agreement from former employees and competitor to refrain from soliciting customers or employees of client.
Client:
Large Pharmaceutical Supplier
Overview:
A high-level local employee of an out-of-state pharmaceutical supplier left the company to start a competing business in California. In conjunction with an arbitration proceeding in another state, the firm successfully obtained the pre-litigation agreement of the former employee and competing business to cease and refrain from soliciting customers and employees of the company.