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Moritt Hock & Hamroff Prevails On Six-Day Arbitration Trial

Moritt Hock & Hamroff prevailed after a contentious six-day trial before the American Arbitration Association. Our client, the General Manager and 10% owner of one of the largest automobile dealerships in Staten Island, was terminated without cause. Despite a written agreement, the dealership refused to pay our client for his 10% ownership interest in the dealership or any portion of his severance, claiming that he was owed nothing because the dealership was not profitable. We commenced an arbitration proceeding on behalf of our client which focused on the valuation of the dealership and obtained an arbitration award for more than $2 million.