New York City, New York – Levy Goldenberg is proud to announce a significant appellate victory in the First Department of the Supreme Court of the State of New York. In a unanimous decision, the Appellate Division reversed a substantial monetary judgment against our client, Jared B. Stamell, which had previously been based on claims of alter ego liability.
The case arose from a turnover petition filed by Quinn Emanuel Urquhart & Sullivan, LLP, seeking to hold Mr. Stamell personally liable for debts allegedly owed by Avra Surgical Robotics, Inc. The appellate court, however, found insufficient evidence to support the imposition of alter ego liability and concluded that the judgment against Mr. Stamell was premature. The court vacated the original judgment and remanded the matter for further proceedings.
“This unanimous decision is a testament to the strategic and robust advocacy we bring to every case,” said Andrew Goldenberg, Partner at Levy Goldenberg. “We are thrilled with this outcome, which not only vindicates our client but also reinforces the principles of fairness and accountability in corporate liability cases.”
The Appellate Division emphasized that the petitioner had failed to establish evidence of fraud or abuse of the corporate form, which is an essential prerequisite for holding an individual personally liable under New York’s alter ego doctrine. This outcome reaffirms the high evidentiary standard required to pierce the corporate veil.
At Levy Goldenbergy, we remain steadfast in our commitment to delivering exceptional results for our clients, no matter how complex or high-stakes the litigation is. This decision exemplifies our dedication to protecting our clients’ rights and interests with precision and resolve.
Levy Goldenberg LLP is the leading civil litigation practice representing businesses of all sizes in the New York Metropolitan Area. Primarily focused on commercial and real estate litigation, we have an impressive track record of successful outcomes in the state, federal, and appellate courts.
Levy Goldenberg
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https://www.levygoldenberg.com/
Press Contact : Tiana Guzman
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