Law Office of Ethan A. Brecher, LLC

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Federal Court Allows Claim for Payment of Options to Proceed Against Large Defense Contractor

Posted by on Feb 6, 2018 in Uncategorized |

On February 1, 2018, the United State District Court for the Eastern District of New York held that Data Device Corporation (DDC) (a defense contractor on Long Island) could not avoid a claim for breach of contract (and related claims) brought by Law Office of Ethan A. Brecher, LLC’s client Charles Frazer. Mr. Frazer asserted in his amended complaint that DDC breached its promise to pay him up to 200,000 stock options, worth at least $800,000.  DDC made a motion to dismiss, and the Court denied the motion as to the contract-based claims and directed the parties to proceed to discovery.  Frazer v. Data Device Corporation, 16-cv-06510-JFB-AYS....

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Failing to Pay a FINRA Arbitration Award The Good The Bad and The Ugly

Posted by on Oct 4, 2017 in Uncategorized |

Failing to Pay a FINRA Arbitration Award The Good The Bad and The Ugly Ethan A. Brecher writes in The New York Law Journal: The consequences to a Financial Industry Regulatory Authority registered representative for not paying an adverse arbitration award can be career-threatening, yet non-payment of arbitration awards is a significant on-going problem for FINRA. Thus, at its July Board of Governors meeting, FINRA’s Board authorized new rules to remedy the...

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Arbitration Case Filed at ICC Seeking a $2.3 Million Commission

Posted by on Apr 27, 2017 in Blog, Uncategorized |

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...

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

Posted by on Mar 7, 2017 in Blog |

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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