After four years of contentious discovery and motion practice, followed by a three-week arbitration hearing, the legal team at Strauss Troy, led by Philomena Ashdown, Brian O’Connell, and James Houston, along with the support of associate attorney Alexa Wainscott, successfully obtained a defense verdict on all claims in a breach of fiduciary duty action involving the purchase of several hotels.
The plaintiff, who sought damages exceeding $5 million, claimed that its 50% business partner had refused to exercise purchase options for the hotels based on personal animosity toward the plaintiff and favoritism toward unrelated third parties. In his ruling, the arbitrator determined that Strauss Troy’s client was well within its rights to reject the proposed deals.