Firm Settles International Arbitration for Millions in Cash and Stock

Los Angeles, CA — January 2010

The Firm was recently referred an arbitration matter from a nationally renowned law firm less than 4 months before the hearing. The client–one of Israel’s largest venture capital firms–sought contingency counsel, as the estimated legal fees to complete the arbitration on an hourly basis were nearly $1 million dollars. The respondent in the arbitration was a publicly traded company represented by O’Melveny & Myers.

After substituting in, the Firm immediately went to work, reviewing over 30,000 pages of documents and preparing to take and defend fact and expert witness depositions. After about seven weeks and two depositions, the case settled for an upfront cash payment and several million shares worth over $4.1 million dollars.