AXS Law saves executive carried interests in $700 Million deal.
A world renowned psychiatrist with more than 80 patents to his name was wrongfully terminated as the CEO of his own company by a foreign investor who was looking to remove funds from the company to save his own failing hotel business at the height of the pandemic. His lawyer filed an arbitration claim and settled in for a year long dispute after which there likely would have been no money left in the company to pay any judgment. AXS LAW took over the case and obtained an emergency order from the complex business judge freezing the company’s bank accounts to prevent any further siphoning of funds. With the Defendant’s bank accounts frozen, the case settled within a matter of days.