Representing Individual's Rights in Business Partnerships
For more than a decade, Dr. Pascal Magnollay was a partner in an investment firm to which he licensed the systems he had developed for statistical research and trading methods used across a range of global futures and currencies markets. As the business and investments dedicated to these strategies grew to exceed many hundreds of millions of dollars, differences among the partners mounted, while at the same time his partners took total control of his income had total control of his income including undistributed capital and deferred compensation. After Dr. Magnollay’s initial attempts to buy out his partners’ interests were unsuccessful, he called upon a multidisciplinary team of Pullman & Comley attorneys from our litigation and business and finance law departments. As a result of our attorneys’ active negotiation and strategic litigation, in both the United States District Court for the District of Connecticut and the Delaware Chancery Court, Dr. Magnollay’s partners agreed to terminate the partnership, returned to him the exclusive rights to the proprietary systems he had created, and paid him more than the full amount of his capital and deferred compensation. Our client demonstrated his appreciation for our efforts by entrusting to us the representation of his newly formed company, Amberstone Capital Management.
“The outcome from my attorneys was better and more rewarding than I could have imagined. So much so, that I’m depending on Pullman & Comley again, this time to represent my new company.”
Pascal Magnollay, Managing Partner and CIO, Amberstone Capital Management