Glaser Weil Secures Sweeping Arbitration Victory in $100 Million Shareholder Dispute

Glaser Weil served as lead counsel in a high-stakes shareholder dispute and financial misappropriation matter on behalf of a 50% shareholder and director who was wrongfully excluded from a company following its receipt of a nearly $100 million contract. Our client was denied their shares and ownership interest in the company and excluded from the corporation by the other 50% shareholder and director, setting off a complex and hard-fought legal battle.

Through extensive arbitration proceedings, our team uncovered widespread financial misconduct and successfully presented our claims before the American Arbitration Association. Following a multi-day arbitration hearing in October 2023 and months of post-trial briefing, the arbitrator issued a final award in February 2025 in our client’s favor. We prevailed on our client’s behalf and defeated all counterclaims brought by the opposing shareholder and the company. A final judgment confirming the award was entered in May 2025.

This matter involved complex issues under both Delaware corporate law and California law, as well as cross-border elements spanning California, New York and Florida. Nearly ten law firms played roles throughout the case across multiple jurisdictions, underscoring the case’s breadth and legal complexity.

The Glaser Weil team was led by Partner and Co-chair of the Banking and Financial Services Practice Elizabeth Sperling and included Associate Sean Yi, with support from co-counsel.