Successful Sale of Privately Held Chemical Manufacturing Company
Sussman Shank LLP represented the founder and principal owner in the successful sale of stock for an Oregon-based chemical manufacturing company to a leading Venture Capital Fund. The $20 million-plus transaction involved complex considerations, including numerous patents—some licensed to the operating company and others retained by the owner with strategic exceptions to non-competition agreements.
Our team collaborated closely with co-counsel, managing all facets of negotiation, contract drafting, and transaction closing. This comprehensive approach ensured a seamless, well-executed deal that aligned with our client’s goals and preserved valuable intellectual property rights.
Land Use Appeal
We successfully represented a commercial retail client in a bitterly contested appeal of a land use application to expand the retailer’s site. The successful appeal quelled the commercial neighbor’s attempt to completely close down our client’s business.
Real Estate Dispute
Sussman Shank LLP represented an aged individual against the estate of the incapacitated woman’s son, who had held a power of attorney for his mother. The son, while acting at times in his fiduciary capacity, had converted and obtained transfers of certain real estate and cash from his incapacitated mother. Sussman Shank LLP prosecuted the case, and through mediation obtained substantial repayment of assets from the deceased son’s estate to conservatorship for the benefit of his mother.
Professional Liability
Sussman Shank defended a real estate brokerage firm and its broker against a claim of breach of the brokerage firm’s and the professional’s duty of care in representing its client. Cross claims were filed by the seller, the buyer, the broker and the brokerage firm. The arbitrator determined in a summary determination before arbitration, that based upon the proof submitted by the brokerage firm and the broker by Sussman Shank LLP, that the plaintiff could not meet the burden of proof to prove its claims, and dismissed the broker and the brokerage firm from arbitration.
Securities Fraud
We represented the owner of a real estate firm who was contacted by a quasi-competitor to determine if a merger was appropriate. After negotiation and diligence, it was determined that the client and the competitor would merge. Immediately after the merger occurred, it was determined that the competitor had been approached by the Securities Exchange Commission regarding a securities fraud violation, and had failed to disclose that obviously material concern. Sussman Shank, on behalf of our client demanded recision based upon the securities fraud. Within one week our clients had received back all the interest in its corporation and the transaction was rescinded.
Employment Defense
Sussman Shank defended an employer against a terminated employee which was seeking substantial damages for loss of commission. Darin and his team obtained a summary dismissal of the $141M claim against Sussman Shank’s client in the arbitration.