IRVINE, CALIFORNIA — Following a seven-week jury trial in the Nevada District Court, Enterprise Counsel Group (“ECG”) Partner Anjuli Woods successfully defended her client in the case entitled LLV Holdco, LLC v. Atalon Management Group LLC, et al. against a $15 million claim.
In 2007, following the near collapse of LLV Holdco, LLC and its affiliates (“Plaintiffs”), who were the developers of Lake Las Vegas, the defendant was brought on as Chief Restructuring Officer. While holding that position, the defendant successfully steered the Plaintiffs through bankruptcy.
In this lawsuit, however, the Plaintiffs sought to disgorge profits the defendant received from a land investment, made years after he left the company, alleging fraud and breach of fiduciary duty, among other misleading theories.
The Plaintiffs fought aggressively to withhold critical evidence, and in doing so, painted a false image of the events that unfolded. As a result of thorough work provided by Ms. Woods and the ECG team, evidence was uncovered that proved the defendant and other defendants had indeed offered the investment opportunity in question to the Plaintiffs, and the offer was declined.
This evidence convinced the jury to side against the Plaintiff and in favor of Ms. Woods’ client.
“The Plaintiffs wanted none of the risk and all of the reward and were willing to tarnish my client’s reputation in the process,” stated Woods. “It has been a privilege to represent my client and the ECG team is looking forward to phase two in the legal proceedings.”
The litigation will now proceed to a second phase of trial, when the defendant seeks to recover his litigation expenses from the Plaintiffs.
Enterprise Counsel Group, based in Irvine, CA, represents clients in complex business litigation and transactional matters in California, Nevada, and Colorado. The firm’s team of attorneys have over 60 years of experience developing and implementing comprehensive litigation strategies.