On September 17, 2024, a Golenbock Eiseman Assor Bell and Peskoe LLP litigation team – partner Michael Munoz and associate Courtney Howard – secured an arbitration award for a client, fully denying six claims asserted against our client in connection with the client’s sale of a loan. The amount at stake was $8.9 million.
The arbitration concerned a complex agreement governing our client’s sale of a loan secured by a residential apartment development. The claimant asserted that our client breached multiple written representations concerning the loan, the loan’s borrower and the real property securing the loan. The award was issued following a three-day arbitration hearing, which included testimony from five witnesses and two experts. The arbitrator found in favor of our client on the merits of all six claims, and separately on defenses that the claimant had not provided adequate notice of its claims or properly mitigated its damages, resulting in a complete win for our client.
We are pleased to have achieved this positive result for our client.
Golenbock Eiseman Assor Bell & Peskoe LLP
Golenbock Eiseman Assor Bell & Peskoe LLP is a Manhattan-based business law firm with a broad-based practice that offers corporate, complex litigation, labor & employment, real estate, reorganization, intellectual property, tax, and trust & estate expertise. The firm provides high value, sophisticated counsel and representation for its domestic and international clients while maintaining a hands-on, personalized approach to all matters.
The firm represents entrepreneurial, portfolio, and institutional clients, ranging from start-ups to Fortune 500 companies, with a specific focus on the mid-market segment. Among our clients are private corporations, public companies, private equity firms, venture capital firms, individual investors, and entrepreneurs.
Golenbock is a member of the Alliott Global Alliance, which was named to Band 1 of global law firm alliances by Chambers Guides, the prestigious international legal survey. Alliott numbers 215 firms in 94 countries on six continents, and helps member firms partner with others in countries around the globe.
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