A Pastore client was awarded $14 million derivatively on behalf of the company which he is a 49% shareholder. The dispute arose out of a prominent construction development in Bronxville, NY and concerns the failure of the developer to pay construction management fees to Pastore’s client. The dispute involves complicated issues of tax credits and accounting. There is a corresponding Connecticut Superior Court case involving related parties, wherein the Pastore client is seeking derivatively and directly $63 million dollars.
Tags: Commercial Litigation
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