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Ciano & Goldwasser Obtain $1.2 Million Settlement in Real Estate Partnership Dispute
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After threatened injunctive and damages litigation, Ciano & Goldwasser was able to secure a $1.2 million settlement on behalf of a minority partner of a limited liability partnership which owned and operated several commercial real estate properties throughout Ohio.  The dispute evolved out of C&G’s client’s belief that the majority partners had breached their fiduciary obligations by diverting funds away from the corporation and into the coffers of the majority shareholders.  The firm combined detailed forensic accounting of the partnership’s activities with novel legal theories to force a pre-litigation resolution which was twice the client’s anticipated amount.

 

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