News & Insights

Sher Tremonte Prevails in Hedge Fund Battle

On April 7, 2016, the Honorable Charles E. Ramos of the Commercial Division of New York County Supreme Court granted summary judgment in favor of Sher Tremonte’s clients, defendants in the lawsuit, Jonathan Lipton v. Michael Green and Ice Farm Advisors, L.P. The plaintiff, represented by Quinn Emanuel, alleged that Green had breached a partnership agreement by starting a hedge fund without Lipton and asserted claims of fraud, breach of contract and breach of fiduciary duty. The Court dismissed all of the plaintiff’s claims based on its core finding that no partnership agreement existed because the “parties were merely discussing an investment plan that was never launched.” For more information, please read the news article here and the full decision here.