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Arbitration Case Filed at ICC Seeking a $2.3 Million Commission

Posted on Apr 27 by

On April 27, 2017, the Law Office of Ethan A. Brecher, LLC filed an arbitration case at the International Chamber of Commerce’s International Court of Arbitration seeking for its client of a commission owing of approximately $2.3 million. The case involves a claim that Terra Finance, LLC was the finder of a transaction between the Government of Ghana and Acrow Corporation of America, a New Jersey based company specializing in prefabricated modular steel bridging solutions for permanent, temporary and emergency use.  Ghana hired Acrow under a $25 million contract to supply it with 100 pre-fab bridges as part of a public works project.  The arbitration claim, captioned Terra Finance, LLC and Kofi Osae-Kwapong v. Acrow Corporation of America,  alleges that Acrow breached its contract with Terra Finance and failed to pay the commission due.  It is anticipated that the case will be tried at the ICC in New York...


Arbitration Panel Awards $809,786 Bonus Against Connecticut Hedge Fund

Posted on Mar 7 by

On February 24, 2017, a three-member American Arbitration Association panel sitting in Stamford, CT awarded a $809,786 bonus to a former investment analyst for a large Connecticut-based hedge fund.  Following three-day hearing in December 2016, Law Office of Ethan A. Brecher, LLC’s client was awarded the bonus for work he performed in...


Federal Court Finds Bank Holding Company Liable for $26,062,796.30 on Breach of Indenture

Posted on Mar 7 by

On February 15, 2017 (and in a Judgment entered on March 30, 2017), the United States District Court for the Western District of Missouri, in Hildene Opportunities Master Fund, Ltd. v. Arvest Bank et al, 14cv01110 (ODS), entered summary judgment in favor of Law Office of Ethan A. Brecher, LLC ‘s client, Hildene Opportunities Master Fund, Ltd., finding that Missouri bank holding company Bannister Bancshares owed $26,062,796.30 in principal and interest for breach of an indenture governing $20 million in Trust Preferred Securities (TrUPS) that Bannister had issued in...

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