Our firm recently recorded several Business
verdicts of interest including:
Attorney Sally Edgerly of our firm
obtained a Judgement of $1.825 Million dollars in a commercial
litigation case in Suffolk Superior Court on March 2008.
Verdict: Defense Verdict for our client
Facts: 2 "partners" in a closely
held corporation litigated over their interests 10 years after
the corporation was started. Hamill Law represented the Defendant
who was the President of the Corporation, which was a prominent
and successful real estate development corporation. Both parties
were 50% stockholders. The Plaintiff, a disgruntled shareholder
filed 2 lawsuits in Norfolk superior Court in April of '06. The
Plaintiff alleged that there was a coprorate 'deadlock' preventing
the corporation from being run successfully. He asked for an accounting
and that the Court dissolve the company. He also alleged that
our client had improperly taken or converted company funds to
his own use and made allegations that our client had written hundreds
of checks out of the corporate checkbook for personal expenditures.
He alleged that our client had taken (for years) an unauthorized
and exhorbitant salary which he wanted our client to pay back.
After a Norflok Superior Court trial going into
a second week and involving thousands of pages of documents and
testimony from an expert accountant, the Court rendered its verdict.
Our client (the defendant) was awarded a verdict on all counts
by the Superior Court after a Trial. The Plaintiff had alleged
counts for an accounting, for breach of fiduciary duty and for
conversion, fraud, for repayment of 'excessive salary' and a prayer
for a corporate dissolution.
Our client prevailed on all counts, the corporation
was not dissolved and Plaintiff was awarded no damages. Our client
was not required to pay back any money. Our client was not required
to provide any further accounting, and our client was allowed
to remain running the corporation as President at the same salary
level that the Plaintiff had alleged was excessive.