We are elated to announce that on Tuesday, March 11, 2014, Hance Law Firm landed a major victory in a commercial arbitration. The case involved a dispute between our client, a specialized engine components manufacturer and an exclusive buyer/distributor from New Jersey. The dispute related to the 2013 termination of the parties' manufacturing relationship. The parties had agreed to litigate any disputes through the American Arbitration Association. The New Jersey company brought the case against our client seeking damages in excess of $7 million and an order enjoining our client's continued manufacture of related products from its affiliated facilities in Taiwan. Our client countered for unpaid invoices and seeking declaratory relief that it was entitled to continue manufacturing. In January, the parties participated in a 4-day arbitration hearing. On March 11th, the Arbitrator issued an Award denying any relief to the New Jersey company, ruling that our client was entitled to continue manufacturing and granting judgment in favor of our client in excess of $300k. We are excited for our client that it may now continue its business without the litigation cloud that had dogged it for over a year.
Hance Law Firm, LTD
Today's businesses face an uncertain climate and more than ever need effective, knowledgeable counsel to help guide them to success. The attorneys at Hance Law Firm take pride in the comprehensive and reliable legal counsel they provide to their clients.
Are You Being Sued? Do You Have A Business Dispute? Need General Legal Counsel? Do You Need Local Counsel? Contact Hance Law Firm, LTD today!