A global battle resulting in a $50 million judgment
When a Singapore-based investment advisory firm found itself shut out from a $358 million acquisition of an international luxury hotel chain after helping put the deal together, the firm sued its former partners, including a high-profile Russian oligarch. Six months into the case, the firm brought in Sher Tremonte to take over the litigation. The complex matter involved claims of breach of contract, tortious interference, fraud, and unjust enrichment brought against 13 defendants based in three continents.
Sher Tremonte’s legal team, including partners Justin Sher, Erica Wolff, and Robert Knuts, navigated five years of litigation in London, the British Virgin Islands, and state and federal courts. Along the way, they prevailed in numerous battles against Kasowitz Benson Torres LLP, the counsel for several of the key defendants, before trial and appellate judges.
The final outcome: a decisive win with a $50 million judgment in the New York Supreme Court’s Commercial Division.
According to the client firm’s CEO and founder, “This case was the centerpiece of my economic life, and it was a bitter, tangled mess. Sher Tremonte were the ideal partners: trustworthy, smart, creative, and persistent. Not everyone in this business is ethical, but they played very fair ball. And they absolutely did not quit.”
Read the Fortune article about the dispute here.