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Miami Business and Bankruptcy Litigation Law Firm

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DAILY BUSINESS REVIEW ARTICLE, FEATURES JEFFREY BAST “VETERAN MIAMI BANKRUPTCY LAWYER’S FIRST JURY TRIALS LEAD TO $3 MILLION AWARD”

DAILY BUSINESS REVIEW ARTICLE, FEATURES JEFFREY BAST “VETERAN MIAMI BANKRUPTCY LAWYER’S FIRST JURY TRIALS LEAD TO $3 MILLION AWARD”

February 17, 2021 by Maylynn

February 17th, 2021 - Posted in In The News, Jeffrey P. Bast

MIAMI, FL – February 17, 2021- Bast Amron partner Jeffrey Bast was Featured in The Daily Business Review article, “Veteran Miami Bankruptcy Lawyer’s First Jury Trials Lead to $3 Million Award.” Jeffrey Bast discussed the first taste of trial by jury after practicing for over 25 years, offering lessons about placing economics over emotions in litigation.

Following three years of contentious litigation, including numerous discovery abuses by the defendant and weeks-long bifurcated jury trials in Dallas district court, Bast Amron lawyers Jeffrey P. Bast, Peter J. Klock, II, Lissette M. Carreras, paralegal Nakeisha “Keisha” Jones, and Bast Amron alumni Zakarij N. Laux secured a final judgment in excess of $3M on behalf of firm clients Valtech Solutions, Inc. and Valtech Services, Inc., which included damages, attorneys’ fees, costs, litigation expenses, and a $25,000 sanction against the defendant, Cornerstone Staffing Solutions, Inc.

Valtech is a global digital agency that provides digital marketing and technology services to companies such as L’Oreal, Levi Strauss & Co., Heineken, and Toyota. The company divested its temporary IT staffing business assets and contracts to a national staffing company, Cornerstone. The purchase price was to be paid in two tranches: $1.9M to be paid at closing, followed by a later payment adjustment to bring the total purchase price up to a specified multiple of earnings. When the payment adjustment came due, Cornerstone refused to pay.

In the article covered by the DBR, Jeffrey Bast was quoted:

“Sometimes clients will fight on principle because they think they’re right, but whether you think you’re right or not is not always the right driver for the calculus,” Bast said. “Economics should always take precedence over emotions, and this is a case where I believe the defendants thought they were right and didn’t accept the risk that they could be wrong, or that someone else would think they were wrong, and it’s not how business decisions should be made.”

Click here to read the full article. *Subscription might be required.

MIAMI, FL – February 17, 2021- Bast Amron partner Jeffrey Bast was Featured in The Daily Business Review article, “Veteran Miami Bankruptcy Lawyer’s First Jury Trials Lead to $3 Million Award.” Jeffrey Bast discussed the first taste of trial by jury after practicing for over 25 years, offering lessons about placing economics over emotions in litigation.

Following three years of contentious litigation, including numerous discovery abuses by the defendant and weeks-long bifurcated jury trials in Dallas district court, Bast Amron lawyers Jeffrey P. Bast, Peter J. Klock, II, Lissette M. Carreras, paralegal Nakeisha “Keisha” Jones, and Bast Amron alumni Zakarij N. Laux secured a final judgment in excess of $3M on behalf of firm clients Valtech Solutions, Inc. and Valtech Services, Inc., which included damages, attorneys’ fees, costs, litigation expenses, and a $25,000 sanction against the defendant, Cornerstone Staffing Solutions, Inc.

Valtech is a global digital agency that provides digital marketing and technology services to companies such as L’Oreal, Levi Strauss & Co., Heineken, and Toyota. The company divested its temporary IT staffing business assets and contracts to a national staffing company, Cornerstone. The purchase price was to be paid in two tranches: $1.9M to be paid at closing, followed by a later payment adjustment to bring the total purchase price up to a specified multiple of earnings. When the payment adjustment came due, Cornerstone refused to pay.

In the article covered by the DBR, Jeffrey Bast was quoted:

“Sometimes clients will fight on principle because they think they’re right, but whether you think you’re right or not is not always the right driver for the calculus,” Bast said. “Economics should always take precedence over emotions, and this is a case where I believe the defendants thought they were right and didn’t accept the risk that they could be wrong, or that someone else would think they were wrong, and it’s not how business decisions should be made.”

Click here to read the full article. *Subscription might be required.

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Maylynn Menoud  | Marketing Director
T: (305) 379-7904 | D: (305) 357-4794
mmenoud@bastamron.com

BAST AMRON is a boutique law firm focused on business insolvency and litigation. Our insolvency practice emphasizes workouts, restructurings, liquidations, bankruptcy, and bankruptcy avoidance. We represent debtors, creditors, committees, trustees, and other fiduciaries in bankruptcies, receiverships, and assignments for the benefit of creditors. Our litigation practice is primarily plaintiff oriented. We know how to investigate, formulate and prosecute claims arising from business disputes. By combining our business insolvency knowledge with our extensive courtroom experience, we successfully guide our clients through all aspects and types of commercial litigation in state and federal courts across the country. Whether the issue is litigation or insolvency or both, we view our clients’ needs through a holistic lens to formulate and implement dynamic solutions to their most important challenges.

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