Stanley Arkin Scores Victory in Lease Litigation


Schulte advised Stanley Arkin and AKR on the dispute

On March 21, 2019, the Appellate Division for the First Department affirmed the lower court’s dismissal of breach of contract, fraudulent transfer, conversion and breach of fiduciary duty claims against Stanley Arkin and his dissolved law firm Arkin Kaplan Rice LLP (“AKR”). Two former AKR partners had sued Arkin, AKR, the firm’s former landlord and its principals in 2017, alleging a purported “conspiracy” and other misconduct. The First Department held that the complaint failed “to state a cause of action” and that the plaintiffs’ arguments were “without merit.”

Schulte advised Stanley Arkin and AKR with a team including Michael L. Cook (Picture).

Involved fees earner: Michael Cook – Schulte Roth & Zabel;

Law Firms: Schulte Roth & Zabel;

Clients: Arkin Kaplan Rice LLP; Stanley Arkin;

Avatar

Author: Ambrogio Visconti