Contentious Litigation Between Business Partners
In the early stages of their highly contentious litigation, Elizabeth Bacon resolved a dispute involving a closely held business and cross allegations of fraud, misuse of corporate assets and breach of fiduciary duty by the owners against each other. Her negotiating an agreed resolution not only achieved a great outcome for our client, but also resulted in substantial savings of anticipated attorney’s fees and related litigation costs, and enabled our client to focus on his new business rather than on litigation involving his old business. Disputes between business partners are compared to contested divorces, often with the parties’ litigation costs exceeding their potential benefits from the suit. Having an experienced and knowledgeable lawyer like Elizabeth, who can quickly identify the heart of a dispute and fashion a fair, cost-saving, and face-saving resolution, can be invaluable.