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Archive for November, 2014

Bennett & Belfort, P.C. Attorneys Secure Verdict of Nearly $500,000 in Superior Court Business Litigation dispute.

Posted on: November 20th, 2014 by admin

Attorneys Eric LeBlanc and Todd Bennett recently secured a verdict of nearly $500,000 in a business litigation dispute involving shareholders of a closely held corporation. The Bennett & Belfort, P.C. trial team represented Peter Trowt and Beverly Storage & Trailer Leasing, Inc. As outlined in an 18 page written opinion, the Hon. Justice Cornetta rendered a verdict in favor of both Mr. Trowt and Beverly Storage & Trailer Leasing, Inc. on all counts.

This complex business litigation matter involved claims of breach of fiduciary duty and a shareholder derivative action. In addition to their success on all affirmative counts, the court issued judgment for Mr. Trowt and Beverly Storage & Trailer Leasing, Inc. on all counterclaims and third party claims brought against them by shareholder, Richard Silva. Trowt v. Silva, et al. (Lawyers Weekly No. 12-119-14) (18 pages) (Cornetta, J.) (Essex Superior Court) (Civil Action No. 2011-01279) (Oct. 31, 2014). 

Attorneys LeBlanc and Bennett successfully prosecuted individual claims on behalf of Mr. Trowt against Mr. Silva, for breach of fiduciary duty through the introduction of evidence of self-dealing, diversion of corporate opportunity and personal use of corporate resources by Mr. Silva. Bennett and Belfort, P.C. also prevailed on behalf of the shareholder derivative action on behalf of the corporate entity, Beverly Storage& Trailer Leasing, Inc. The Court not only found that Mr. Silva flagrantly violated his fiduciary duties to Mr. Trowt, but also that Mr. Silva improperly siphoned money out of Beverly Storage& Trailer Leasing, Inc., depriving the corporation of capital without a legitimate business purpose.

You can read more about the case in the latest edition of Lawyer’s Weekly.