Victory in Battle Over $45.5 Million Finder’s Fee

On March 22, 2013, Judge Thomas P. Griesa of the U.S. District Court for the Southern District of New York denied a motion to dismiss filed by the defendants in Antares Management LLC v. Galt Global Capital, Inc. Sher Tremonte represents the plaintiff, a market research company and finder, which seeks to recover a $45.5 million finder’s fee from an investment advisor and two hedge funds set up to buy private shares of Facebook. The court held that each of plaintiff’s nine causes of action stated claims for relief. Read the decision here.