We were hired to obtain a fair buyout of our client’s share in an LLC and a related corporation in which he had a one third interest. His former partners were refusing to place any value on either interest.
Our client, a surgeon, had started up an ambulatory surgical center and helped grow the surgical practice, we had been converted into an LLC by a prior attorney. When he departed the two entities and the other partners refused to buy him out, we commenced both a shareholder derivative lawsuit and a case for a buyout of the client’s interest in the LLC.
Our firm litigated the cases as a team. We identified loopholes in the LLC law that have yet to be addressed by any court in New York state. The issues regarding the loopholes and the factual contentions regarding our client’s reason for departing were all in great dispute.
After a series of battles, the law firm on the other side was fired and a new firm was brought in. After battling with the new firm and conducting two mediations, we succeeded in obtaining a very sizable recovery for our client.
Evan S. Schwartz
Founder of Schwartz, Conroy & Hack
833-824-5350
[email protected]
