Law Office of Ethan A. Brecher, LLC

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New York Appeals Court Grants Summary Judgment on $500,000 Loan Obligation

Posted by on Mar 7, 2019 in Uncategorized |

On March 7, 2019, the New York Appellate Division, First Department, granted Summary Judgment in favor of Law Office of Ethan A. Brecher, LLC’s client’s claim on a $500,000 loan, reversing the lower court’s order which had denied summary judgment. The Appeals Court found that the LLC borrower and its individual principal who guaranteed payment were both liable on the outstanding unpaid debt. With interest, the amount due exceeds $800,000.  Read a copy of the Court’s decision here: Loren v. Sarachek Appeal...

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Connecticut Superior Court Allows Complex Commercial Dispute to Proceed

Posted by on Dec 20, 2018 in Uncategorized |

On December 18, 2018, the Connecticut Superior Court permitted most of the claims to proceed in the case Baxt v. Smith et al., a complex commercial dispute involving among other things allegations of misconduct by the defendants in denying compensation to the plaintiff in connection with a business venture formed to acquire aircraft servicing businesses. The Law Office of Ethan A. Brecher, LLC represents the plaintiff in the lawsuit.   Baxt v Smith Dec 18 2018...

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FINRA Panel Awards $4+ Million on Wrongful Termination Claim

Posted by on Mar 1, 2018 in Uncategorized |

On February 28, 2018, a FINRA arbitration Panel in Miami, Florida awarded $4+ million to a client of Law Office of Ethan A. Brecher, LLC on claims of wrongful termination and failure to pay deferred compensation and commissions. The Panel also ordered that the client, a former broker for Citi in Miami, was entitled to have the language that Citi used on his Form U-5 as the reason for his termination expunged and replaced with a statement that he was “Terminated without cause.” Final Award 16-01001 Christian Silvalima Gherardi vs. Citigroup Global. A well-known FINRA arbitration blogger had this to say about the decision: “When a former Citigroup Global Markets employee hits the firm with a FINRA Arbitration demand for over $16.5 million in damages, we know that there was likely a lot of bad blood engendered by what was alleged to be a wrongful termination. By the time the arbitration ended, there was quite a bit of blood pouring out of Citigroup as the firm took quite a beating before the final bell rang. ”  ...

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