January 1, 2007 – Crosby & Higgins LLP Wins Jury Verdict in Success Fee M&A Case
January 1, 2007
Crosby & Higgins LLP recently secured a $1.5 million jury verdict on behalf of its client, the Arundel Group, a French M&A advisory firm, in connection with fraud and quantum meruit claims brought against defendant Liquid Realty Partners II LLC in the United States District Court for the Southern District of New York. Arundel sought compensation and fraud damages relating to its work with Liquid Realty, a real estate investment firm, on the private equity acquisition of Buffalo Grill S.A., a French company and operator of a chain of European restaurants. After two weeks of trial, jurors returned a verdict for Arundel on its quantum meruit claim.