Bernhard Law Firm Recovers Over $2 Million on Las Vegas Investment Distribution Dispute

This month Bernhard Law Firm recovered $2.085 million for its Miami client, after a New York private capital firm refused to issue distributions on a successful Las Vegas real estate investment. Bernhard Law Firm also got repayment of all attorney’s fees and costs associated with recouping the distribution payments. (Florida Bar disclaimer: results may not be typical. You may not have as beneficial a result, or same or similar results). As garnered from the underlying documents, Bernhard Law Firm argued that the New York equity group had improperly intercepted, withheld, and taken the distribution from the Miami investor. The matter hinged on discovery of the private equity firm’s correspondence discussing that it had “prevented the distribution from being made” to fund a separate, distinct, and unrelated joint venture. Bernhard Law Firm sought recovery under Florida’s civil theft statute, which provides for treble damages, attorney’s fees, and costs to be repaid upon the improper possession of personal property. Through the civil theft statute, Bernhard Law Firm recovered over $2 million in distribution payments, plus attorney’s fees and costs. If you have questions about private equity investment disputes, real estate investment actions, or civil theft, please contact Bernhard Law Firm at 786-871-3349, www.bernhardlawfirm.com, abernhard@bernhardlawfirm.com.

Bernhard Law Firm

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