Sadis Trial Team Wins Complete Defense Verdict
In a business divorce case that was litigated for twelve years and included two trips to the appellate division, Sadis obtained a trial verdict dismissing all of the plaintiff's claims.
In 2007, the plaintiff, David Moyal, a shareholder of Group IX Inc., filed a shareholder derivative action against officers and shareholders of Group IX for breach of fiduciary duty and various other claims. Moyal claimed that the defendant officers and shareholders engaged in self-dealing transactions that had resulted in millions of dollars of damages to the company. Over the twelve years, Sadis successfully used discovery and motion practice to obtain dismissal of most of Moyal’s claims.
Heading into trial, Moyal was left with derivative claims for breach of fiduciary duty and unjust enrichment. Sadis then successfully argued to the appellate division that the plaintiff was not entitled to a jury trial on his derivative claims. A four day bench trial was conducted before the Honorable Eileen Bransten resulting in a complete dismissal of Moyal’s two remaining claims.