Mandelbaum Barrett PC secured a significant win in a high-stakes business valuation trial, achieving a decisive outcome for a client involved in a highly contentious LLC ownership dispute.
Tried by partners Michael Saffer and Brian Block before a Chancery Division judge, the case centered on the value of our client’s minority membership interest in an LLC that owns a major development site in northern New Jersey. The litigation was fiercely contested, involving extensive pre-trial motion practice and discovery, and a seven-day bench trial held during November 2024. The parties submitted a comprehensive post-trial briefing on December 30, 2024.
At the start of the trial, the opposing parties—three co-owners of the LLC—offered a relatively insubstantial sum for our ownership client’s interest, which our client swiftly rejected. Through meticulous preparation and strategic trial advocacy, our team presented four expert witnesses to support our valuation position. Notably, during the trial, our trial team successfully moved to strike the report and entire trial testimony of the opposing side’s business valuation expert, significantly undermining their case.
On April 30, 2025, the Court issued a 38-page written decision valuing our client’s ownership interest at $18,137,500—a substantially higher value than the opposing party offered at trial.
This result reflects the depth of our litigation team’s experience in complex business disputes. It underscores Mandelbaum Barrett PC’s commitment to delivering exceptional client outcomes, even in the most challenging circumstances.
These stories are successful case results from our attorneys. Please note that results may vary depending on your particular facts and legal circumstances.