Arbitration Victory Against International Financial Services Firm

When a consumer products company was sued by its former investment bank, an international financial institution, the firm was retained to defend the company in a JAMS arbitration. The bank claimed it was entitiled to a multimillion dollar fee related to a recent round of financing that had been raised by the company. The bank advanced numerous theories in support of its claim. During five arbitration hearing days—and after the bank had rejected a substantial settlement offer—the firm established that the bank’s claims were wholly without merit. The firm’s client was deemed the prevailing party, and the company recovered nearly all fees and costs spent during the arbitration.