SUCCESS STORIES

I.  Sometime in 1988 a prospective client approached the firm and told us that his company had been put out of business by Raytheon, the electronics giant.  The client was dealing in COCOTs (customer-owned, coin-operated telephones), and was out of business.

We agreed to accept the challenge and commenced an action for fraud and breach of contract against Raytheon and two of its subsidiaries.  The case was brought in the United States District Court for the Southern District of New York.

Some months after the commencement of this action, we were approached by two other clients, each with a similar story concerning Raytheon.  The cases were combined, and a jury ultimately decided that a Raytheon subsidiary was liable to the plaintiffs for fraud in an amount in excess of fifteen million dollars.

Had we entered judgment on the verdict, it would have exceeded thirty-one million dollars including accumulated interest.  However, with the Court's assistance, the case was settled four days later.  The amount of the settlement is subject to a confidentiality agreement.  Suffice it to say that the clients were extremely satisfied with the results.

II.  In 1990, we were approached by another prospective client who had heard of our action against Raytheon.  This client had already filed a bankruptcy petition under Chapter 7 of the United States Bankruptcy Code.

The case had been languishing in the Bankruptcy Court for approximately one year, and the Trustee was on the verge of closing the case for lack of assets.

The client stated that New York Telephone Company had put them out of business and driven them into bankruptcy.  We were retained, with the approval of the Bankruptcy Court, and pursued an action against New York Telephone for tortious interference with the client's contractual rights and breach of the covenant of good faith and fair dealing.