Defend majority owner against fraud, breach of contract and conversion
Seth Schwartz and Rich Porotsky represented the majority owner of seven LLCs, which owned approximately $70 million in real estate. The minority shareholders brought claims for fraud, breach of contract and conversion against the majority shareholder. In addition, the minority shareholders brought a preliminary injunction against the majority shareholder, which requested the majority shareholder be removed as manager of the companies. The case proceeded to a two-day preliminary injunction hearing where our client, the majority shareholder, prevailed.