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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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First Department Grants Partial Stay of Contempt Order

Posted by on Jan 19, 2017 in Blog |

The Law Office of Ethan A. Brecher, LLC obtained on January 5, 2017 a partial stay in New York’s Appellate Division, First Department of a contempt order in a divorce action, by establishing that the condition the lower court required the husband to meet to purge the contempt was...

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NY Suprme Court Allows Claim for a $962,000 Fee to Go to Trial

Posted by on Dec 30, 2016 in Blog |

On December 29, 2016, the New York Supreme Court denied the defendants’ motion for summary judgment and allowed a claim on a verbal agreement for a fee to go to trial.  The Plaintiff Robert Quinn (represented by Law Office of Ethan A. Brecher, LLC) claims that defendants First Wall Street (a real estate merchant bank) and its principal Glenn Myles breached an oral agreement to share with him 1/3 of any fee First Wall Street received on deals on which Quinn worked.  In the fall of 2013,  Quinn worked on a project for FWS involving a Chinese developer. The project involved the arrangement of financing for the construction of condominiums on real estate the developer owned in Williamsburg, Brooklyn.  Fortress Investment Group loaned the developer $165 million to finance the construction.  A fee of $2.8 million was received for the project and FWS/Myles failed to pay Quinn his share. The case is scheduled for trial in March 2017. Read the Court’s Decision and Order here  Quinn v FWS...

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