LFDS REPRESENTING AVRAHAMIS IN RECOVERY EFFORTS AGAINST THIRD PARTIES FOLLOWING SEMINAL IRS TAX COURT VICTORY RELATING TO CAPTIVE INSURANCE SCHEME.

On August 21, 2017, the U.S. Tax Court issued its opinion ruling in favor of the IRS in the widely followed case over the IRS’s challenge to a micro-captive insurance company structure Benyamin and Orna Avrahami were advised to establish, resulting in substantial damages to the Avrahamis. The Avrahamis have retained LFDS to aggressively seek to recover against the promoters and professional advisors that recommended the failed captive insurance structure.
Tax Court Opinion

Matt Ray wins Federal Suit for Sun Gro Horticulture

Sun Gro Horticulture Processing, Inc. was represented by Matt Ray and another firm in a lawsuit filed in Dallas federal court by a former Sun Gro employee alleging age and sex discrimination under state and federal law. On February 11, 2016, a jury returned a unanimous verdict in favor of Sun Gro resulting in the entry of a judgment the next day dismissing all of the plaintiff’s claims, with no recovery against Sun Gro.

Simon and Winikka recover $40 million bankruptcy settlement

Craig Simon and Dan Winikka represented the Qimonda Liquidating Trusts in Delaware bankruptcy court in pursuit of fraudulent transfer and breach of contract claims against Kingston Technology Company. The litigation involved complex issues related to business valuation, solvency and bankruptcy setoff and safe harbor principles. Ultimately, the trusts recovered more than $40 million in a settlement approved by the bankruptcy court.

LFDS client, who was sued for in excess of $21 million, is found not liable by a Dallas Jury and verdict upheld by the Dallas Court of Appeals

LFDS client was represented by Alan Loewinsohn, in a lawsuit filed in Dallas District Court by two plaintiffs claiming in excess of $21 million dollars in damages arising out of oil and gas transactions, based on claims for breach of fiduciary duty and other related claims. On November 20, 2013, a Dallas Jury returned a unanimous verdict in favor of LFD client resulting in the entry of a judgment dismissing all of the plaintiffs claims, with no recovery against LFD client. On December 17, 2013, the trial court entered a judgment affirming the jury verdict. On May 12, 2015, the Dallas Court of Appeals affirmed the trial court’s judgment.

Dallas jury rules in favor of LFDS clients in family partnership and estate dispute

On May 28, 2015, a Dallas jury rendered a take nothing defense victory for a family limited partnership and its general partner represented by Alan S. Loewinsohn and LFDS. The named defendants were sued by a family limited partner seeking to terminate the partnership and money damages for past conduct. The plaintiffs also sued a family member claiming she breached duties as an executor of the family’s estate. The jury answered all questions in favor of LFDS’s clients.

Dallas Court of Appeals Accepts Flegle’s Expert Testimony on Attorney Duties

On April 8, 2008, the Dallas Court of Appeals rendered judgment on a Dallas County jury verdict. The jury had found in favor of McGuire, Craddock, Strother & Hale, P.C. (MCSH) on claims for breach of a fee agreement and a claim for fraudulent inducement against Transcontinental Realty Investors, Inc. (TRI) and RT Realty, L.P. (RT Realty). The jury awarded MCSH $298,630 in damages, representing the amount of fees and expenses billed but not paid.

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Jim Flegle and Alan Loewinsohn named among “The Defenders” by The Dallas Business Journal in 2006

Jim Flegle and Alan Loewinsohn were chosen by The Dallas Business Journal as members of the 2006 class of “The Defenders” This elite designation recognizes “the most brilliant legal minds in the Dallas/Fort Worth area” — an honor bestowed upon only 15 lawyers for their notable work in commercial defense litigation. They were selected based on DBJ interviews of dozens of people in the Dallas-Ft. Worth legal arena, including general counsels, other lawyers, and judges. This was the inaugural class of corporate defense counsel. This award is co-sponsored by The Association of Corporate Counsel of America.

Dallas Court of Appeals Accepts Flegle’s Expert Testimony on Attorney Duties

On April 8, 2008, the Dallas Court of Appeals rendered judgment on a Dallas County jury verdict. The jury had found in favor of McGuire, Craddock, Strother & Hale, P.C. (MCSH) on claims for breach of a fee agreement and a claim for fraudulent inducement against Transcontinental Realty Investors, Inc. (TRI) and RT Realty, L.P. (RT Realty). The jury awarded MCSH $298,630 in damages, representing the amount of fees and expenses billed but not paid.

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