When a New York City business discovered that one of its shareholders was diverting millions of dollars in business capital for himself and competing entities and was also stealing the company’s confidential and proprietary data, CMM was there to help.

Our client is an alternative finance company that helps small businesses obtain financing to grow their businesses and the local economy. When they learned that one of their own was exploiting the firm’s resources for his own purposes, they called on CMM for advice and legal assistance.

CMM’s Jeffrey Basso and Richard DeMaio successfully moved by order to show cause and obtained a temporary restraining order prohibiting the shareholder and any company he may be working for from soliciting any of our client’s customers, business leads, or referral sources – a huge win for our client while the court considers the underlying motion. CMM also defeated the shareholder’s own request for a temporary restraining order, which sought to have a receiver appointed and force our client to essentially close down the business.

Our client is thrilled with the result and reported how much CMM’s preparation impressed them.

Learn more about our commercial litigation work.