Morris James achieves substantial recovery against a determined adversary in a complex commercial arbitration proceeding
Morris James represented a former executive in an AAA Commercial Arbitration governed by the Large, Complex Commercial Case Rules. The former executive claimed the company breached a series of LLC and LP agreements that provided incentive compensation to him in the form of carried interest. Following expedited electronic discovery, Morris James attorneys handled a two-week arbitration in New York, NY before a three-member panel. As reported on respondent’s public filings, the arbitration panel awarded the former executive approximately $10.5 million in damages and retained rights to certain future profit interest from the entities. The client appreciated the diligence and focus that generated this outstanding result, including how Morris James’ Tax and Business counsel was able to strategically tax-plan the arbitration award into an effective recovery of nearly twice the award amount.