December 23, 2009 – Crosby & Higgins LLP Triumphs With Sweeping Victory in AAA Arbitration Involving Claims for Breach of Fiduciary Duty and Dissolution of New York Based Architectural Firm
December 23, 2009
Crosby & Higgins LLP has prevailed in a hard-fought partnership dispute between the principal partners of a New York based architectural firm, a dispute that originated with the breakdown of the parties’ relationship and the dissolution of the Partnership in late 2008. Following dissolution, numerous disputes arose involving back-payments, transfer of assets, and various claims for breach of the Partnership Agreement and the duties flowing from it. After several days of complex evidentiary hearings and witness testimony, as well as voluminous pre and post-hearing briefing before the American Arbitration Association (“AAA”), Crosby & Higgins LLP successfully prevailed on the client’s claim to 50% of the Partnership’s assets upon liquidation, as well as substantial back payment of distributions and fringe benefits wrongly withheld from the client prior to and throughout the post-dissolution period.