News on the Homepage Archives - Page 14 of 39 - Campolo, Middleton & McCormick, LLP

CMM Closes Sale of Long Island Dance Studio

Posted: September 15th, 2021

Demonstrating the breadth of our industries served, CMM’s M&A team recently closed a deal in the performing arts space, representing our client in the sale of her dance studio. The innovative studio, a staple of the community for decades, specializes in various styles of dance including tap, ballet, jazz, lyrical, hip hop, and contemporary. The Suffolk County-based dance school brought their classes to Zoom during the pandemic and left a hybrid model in place after reopening for in-person classes, seeking to bring the art of dance to clients in a variety of settings.

CMM’s team, led by Partner Don Rassiger, worked diligently to push the deal to closing despite pandemic-related delays and a last-minute issue regarding the client’s PPP loan. The sale will allow the business to remain an important part of the local community for generations to come.

Innovative businesses need innovative lawyers, and the successful sale of the dance studio demonstrates CMM’s versatility and experience in handling M&A transactions across a wide variety of industries. Call us at (631) 738-9100 for guidance on your next sale, purchase, or restructuring.

CMM Represents AI Tech Leader in Complex Recapitalization and M&A Transaction

Posted: September 9th, 2021

CMM’s ability to bring multifaceted deals across the finish line was in full display when our Corporate team recently closed a deal that was months in the making for a longtime client. Our client, a leader in developing service management AI (artificial intelligence) technology for businesses across the globe, has been a target for many investors over the years. With a reputation for innovation through breakthrough techniques and financial success, our client leverages AI for maximum impact.

To that end, as part of a large investment transaction, the technology leader recently underwent a recapitalization of its shares, in which the company issued new shares of certain stock and effectuated a reverse stock split with respect to other series of stock. CMM’s team, led by Senior Associate Vincent Costa, handled all of the company’s corporate formalities and negotiated on behalf of our client, successfully executing a stock purchase agreement.

CMM also helped negotiate the terms of a multimillion-dollar loan agreement, which our client used to enter into an M&A transaction with another large-scale tech firm. While navigating a series of complicated transactions is never easy, CMM’s team always rises to the challenge. Let us put our experience to work for your next corporate deal and contact us.

Innovate LI Spotlights Campolo’s Airport Initiative

Posted: August 20th, 2021

Below is an excerpt from Innovate LI’s spotlight on the “Fly Islip Now” initiative spearheaded by Joe Campolo.

The HIA-LI, the Town of Islip and Ronkonkoma-based law firm Campolo, Middleton & McCormick are teaming up to give Long Island MacArthur Airport some much-needed thrust.

The three entities are circulating a brief business survey designed to convince airlines that may be considering the town-owned LIMA as a service destination. Featuring questions about estimated business-travel budgets, the likelihood of using MacArthur Airport if more commercial flights became available and the potential use of the airport as a marketing channel, the survey aims to “show these airlines our support” and “demonstrate the power and cohesiveness of the Long Island business community,” according to Campolo, Middleton & McCormick Managing Partner Joseph Campolo.

“For years, despite having a world-class airport in our backyard, the Long Island business community has lamented the lack of direct-flight destination options from MacArthur Airport,” Campolo told Innovate Long Island. “Today, several airlines are considering making a new home here … increasing service at the airport would be a monumental step forward for the region’s long-term economic viability.”

Read the full newsletter on Innovate LI here.

Fill out the airport survey here.

Campolo Spearheads “Fly Islip Now” Initiative

Posted: August 6th, 2021

HIA-LI has partnered with the Town of Islip on its critical “Fly Islip Now” initiative, spearheaded by Joe Campolo. For many years, the business community has lamented the lack of direct flight destination options from MacArthur Airport (ISP). Today, there are several airlines considering making a new home at ISP. The addition of even one would open up dozens of new travel options.

To help attract those airlines, we need to demonstrate the support of the Long Island business community for MacArthur Airport. To show support, we ask that you fill out this brief survey, the results of which will be presented to airlines to assist with making their business decisions. Town of Islip Supervisor Angie Carpenter and the airport executives report that this step is critical to bringing new airlines to the airport.

Now is the time for us to once again demonstrate the power and cohesiveness of the Long Island business community. Together, we can effectuate this monumental step forward for the Long Island region and economy. We appreciate your support and we welcome you to please share this survey with your contacts in the business community.

We would appreciate all responses to be submitted before September 6th. Thank you.

COMPLETE THE SURVEY

CMM Prevails in Arbitration for Long Island Custom Home Builder

Posted: July 23rd, 2021

Tags: construction, litigation

Ask someone to picture lawyers resolving a dispute, and they likely envision a wood-paneled courtroom with a judge banging a gavel, a shocked jury, and a lot of drama. Or perhaps they imagine a bright, sleek conference room with a shiny long table and people in Armani suits arguing passionately for their respective clients. But no one really thinks of arbitration… and many don’t know what it is.

Arbitration is a form of alternative dispute resolution (ADR) and a way to resolve disputes outside the courtroom. During arbitration, an impartial third party known as an arbitrator hears evidence and arguments in a dispute between parties, then makes a decision. The decision results in a binding “arbitration award” to the winner. (Other forms of ADR, such as mediation, are non-binding, but nevertheless effective at resolving disputes without resorting to litigation.) Sometimes, ADR is the best choice for a client when there is an opportunity to move beyond an impasse and resolve matters more quickly than in the courtroom or board room. Other times, it may be mandated by an agreement between the parties.

CMM recently prevailed in an arbitration proceeding on behalf of our client, a Long Island custom home construction management company. Our client had an agreement to provide construction management services for a significant $2 million renovation at a residence in Suffolk County. The corporate homeowner failed to pay our client the full construction management fee, claiming that they were entitled to offsets due to alleged damages and defective work/supervision.

While conflict resolution is never easy, CMM’s Jeffrey Basso prevailed after a four-day arbitration hearing and multiple witnesses spanning several months of investigation and discovery along with submission of post-hearing briefs. With careful preparation in advance of the hearing, Basso refuted the allegations made by the corporate homeowners by strategically presenting credible and convincing witnesses during the hearing that substantiated the work performed by our client. The arbitrator granted our client a significant arbitration award, as well as attorneys’ fees and the dismissal of all counterclaims. CMM has a proven track record of success with ADR, including arbitration, and views ADR as a critical tool to resolve matters reasonably. Please contact us to discuss the best avenues available to resolve your business dispute.

Sea Cliff Village Library Names CMM’s David Green as Library Trustee

Posted: July 14th, 2021

Campolo, Middleton & McCormick, LLP – a premier law firm with offices across Long Island – is pleased to announce that Senior Associate David Green has been appointed as a Trustee of the Sea Cliff Village Library. In his new role as a Trustee, Green will serve the Sea Cliff Village community by helping the library enhance the quality of life for village residents by providing informational, recreational, technological, and cultural resources for all.

Green will serve a five-year term and work closely with the Board and the Friends of the Library to approve library resolutions, budgets, discuss presentations and examine subcommittee reports. Part of Green’s responsibilities as a Trustee and leader in the community will be to uphold the library’s vision in becoming a gathering place in the Village for local professionals by providing resources and connecting Sea Cliff residents in all areas of business.

Green is no stranger to leadership; his work as a Senior Associate at CMM has earned him a spot on CMM’s own leadership team, where he plays a critical role in mentoring and training new attorneys and staff. He also provides CLE training on litigation topics and client relations. As a member of the firm’s litigation team, Green works with clients involved in business disputes, personal injury matters, and intellectual property matters. He also counsels clients on complex discovery, trials, appeals, securing settlements, and alternative dispute resolution.

“The Sea Cliff Village Library’s dedication to the community and its mission of offering a welcoming space for all village residents really resonates with me,” Green said. “I’m excited to roll up my sleeves and get to work in assisting the library to respond to the needs of the village through programming and outreach as a member of the Board of Trustees.”

Campolo Participates in Ribbon Cutting for America’s VetDogs Training Facility

Posted: July 7th, 2021

CMM Managing Partner Joe Campolo was honored to attend America’s VetDogs ribbon cutting ceremony yesterday as they unveiled their newly renovated Training Center in Smithtown. As a member of their board, Campolo spoke during the ceremony about the incredible leadership of VetDogs and Guide Dog Foundation and showed appreciation for all who helped achieve this amazing accomplishment. The training facility will assist in placing more guide and service dogs with veterans and first responders with disabilities.

Campolo attended alongside veterans and elected officials such as New York State Senator Mario Materra, New York State Senator Alexis Weik, New York Assemblyman Michael Fitzpatrick, Civilian Aide to the Secretary of the Army Steven Castleton, Senior Veterans Services Officer for Suffolk County Retired U.S. Air Force and Air National Guard Master Sgt. Melissa Pandolf, Smithtown Town Supervisor Ed Wehrheim, and America’s VetDogs Board Chair Don Dea.

CMM’s Municipal Liability Team Saves Smithtown Millions in Potential Exposure

Posted: July 1st, 2021

Tags: municipal

CMM’s latest courtroom success has helped the Town of Smithtown avoid millions of dollars in potential exposure in a lawsuit stemming from a tragic accident.

In 2016, the plaintiff was a passenger in a car driven by a drunk driver that ran off the road after approaching a curve on Sunken Meadow Road in the hamlet of Kings Park, Town of Smithtown at 3:00 a.m. The plaintiff suffered severe life-changing injuries as a result. He filed suit against the drunk driver, as well as the Town of Smithtown and its Highway Department. The injured plaintiff alleged that the Town defendants were negligent in maintaining, constructing, designing, and operating the road and failed to warn motorists of the dangerous condition of accumulation of sand and clogged storm drains that allegedly resulted in the driver of the car losing control of his vehicle. Furthermore, the plaintiff alleged that the Town failed to correct the condition.

Following discovery, CMM’s Municipal Liability team, including Richard DeMaio and Scott Middleton, moved for summary judgment (essentially, a request that the Court dismiss the case because there are no facts at issue). DeMaio and Middleton argued that discovery had made it clear that while the accident was a tragedy, the Town defendants bore no liability. There had been no complaints about the road or excess sand at the site of the accident, nor did the Town receive prior written notice of an allegedly defective condition at the location or any accidents occurring there.

Thanks to CMM’s work, the Court granted the motion and dismissed the Complaint in its entirety “with prejudice” (permanently) against the Town defendants. As a result, the Town of Smithtown avoided millions of dollars in potential exposure. Visit our Municipal Liability page to learn more about our successful work for municipalities.

Yermash Interviewed by Law360 on CMM’s Cannabis Law Practice

Posted: June 29th, 2021

Tags: cannabis

Arthur Yermash, Partner and Chair of CMM’s Cannabis Law Group, was interviewed for the launch of the firm’s practice area in Law360’s “Campolo Middleton Launches Cannabis Practice in New York.”

By Sarah Jarvis, Law360

New York law firm Campolo Middleton & McCormick LLP has announced the launch of a cannabis practice group, in the wake of Gov. Andrew Cuomo signing into law a legalization and taxation bill earlier this year.

Campolo Middleton partner Arthur Yermash, who will head up the new practice, told Law360 it was launched officially in June, though the firm had already been advising clients on cannabis-related issues for months. The group will provide guidance for cannabis businesses, entrepreneurs and service providers using the firm’s experience in various areas, including corporate, mergers and acquisitions, and labor and employment, the firm said in its announcement.

Yermash said the goal for the group is to serve the community, which he said is already showing an interest in getting into the industry. He hopes to position the practice group as a one-stop shop for anyone looking to get into the business, covering corporate issues and regulatory services.

“There are still a lot of unknowns, and we hope to be able to grow with this industry and the folks that want to be in the cannabis space,” he said, whether that’s in retail, farming or other areas.

Yermash said the team consists of four to five people, and will look to expand in the future. He said he expects cannabis to be a “tremendous industry” in New York, noting that even in its infancy, there has been an interest in shifting toward cannabis by farmers and retailers. He anticipates that interest growing exponentially over time.

Yermash said the group is focusing on regulatory and compliance issues as the industry is developing, including helping clients understand their responsibilities and navigate barriers to entering the industry.

Campolo Middleton, which has offices across Long Island, said in its announcement that its legal team is prepared to counsel clients on entity formation, regulatory compliance, licensing, commercial leasing, zoning and real estate matters. Yermash, who has spent years advising on retail, wholesale and pharmaceutical issues, said in the firm’s announcement that the team was able to hit the ground running once New York’s legalization legislation was passed.

Click Here to Read the Full Article

Learn more about our Cannabis Law practice group here.