212 Investment Corp. et al., v. Myron Kaplan

We represented the limited partners of a hedge fund in a shareholder derivative arbitration against a hedge fund manager and his stockbroker based on fraud claims arising from post-execution allocations of securities trades over more than a decade.  After an arbitration that spanned seven months, the arbitration panel, in a unanimous opinion, awarded our clients $75 million in compensatory and punitive damages, including $35 million for disgorgement of compensation for the period of the fraud.  The award was confirmed by the Supreme Court of New York.

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