Seller of architectural firm turns to BFV for successful defense

Posted by Neal F. Weinrich on

Berman Fink Van Horn’s Neal Weinrich represented the owner and founder of an architectural firm. In anticipation of retiring in a few years, our client sold his practice to a local engineering firm. Following the sale, disputes arose regarding financial information that was supplied to the buyer during the due diligence process. The buyer claimed that he was entitled to recoup 85% of the purchase price that was paid for the architectural firm. Following a three-day hearing, the arbitrator entered an award that was highly favorable and a win for our client. Subsequently, the buyer attempted to challenge the award, which Berman Fink Van Horn also defeated.