We’re extremely happy to announce that we have prevailed on the appeal of a final trial court order stating that Ayala’s client stock in a company (worth around 5–million dollars) was illegally transferred to a BVI entity.
The underlying case alleged that the Defendant illegally transferred the interest of Ayala’s client during its tenure as the manager of the client’s assets in the United States.
The complaint included causes of action for declaratory judgment, requests for records, and accounting.
Rather than safeguarding our client’s interests, the asset manager redirected these assets into his own pocket. He transferred them to a shell company in the British Virgin Islands that he solely controlled, acting without authority. This transfer occurred a mere two days after his termination from the investment fund, despite being fully aware that his authority was soon to be revoked.
As stated by attorney Eduardo A. Maura : “We are very pleased with the decision of the Third District Court of Appeals affirming the trial court’s decision. This is a three and a half year battle to recover what belongs to our client. We think this will get very close to putting an end to this ordeal.”
You can read the appellate court decision here.
Attorney Eduardo A. Maura and Luis Quesada are litigating the case for the client.
For more information about commercial disputes, contact one of our experienced commercial litigation attorneys at 305-570-2208. You can also email our founding partner, Eduardo Maura, directly at eduardo@ayalalawpa.com.
We at Ayala Law PA are dedicated to helping those in legal need. Please don’t hesitate to schedule a case evaluation with us online here.
[The opinions in this blog are not intended to be legal advice. You should consult with an attorney about the particulars of your case].
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