The Appellate Division, First Department, affirmed Elsberg Baker & Maruri’s victory on behalf of its client, Sol Goldman Investments, LLC (“SGI”), in a dispute over a multi-billion-dollar real estate empire. The appellate court ruled that SGI could not be held liable for allegedly breaching provisions in the company’s LLC agreement governing a put-right process that resulted in a valuation of the company that allegedly was more than half-a-billion dollars lower than it should have been.
