Former partners of Dickstein Shapiro LLP have appealed to a California appellate panel to vacate a resolution supporting an arbitrator’s decision favouring Blank Rome LLP. They allege that Blank Rome owes them $4million, asserting the firms’ merger was inaccurately depicted as an asset sale.
Allegedly, the arbitrator did not adhere to correct procedures during proceedings concerning the disputed merger. The claimants’ counsel asserted their case before the appellate panel on Thursday, hoping to overturn the previous ruling.
Given the strong arguments made by the ex-Dickstein partners, it will be interesting to follow how the.case evolves in the California appellate panel, and whether they will be successful in their attempt to contest the earlier verdict.
For more information on this ongoing litigation, visit the original report.