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Scheef & Stone Wins Arbitration Award for Aspen Strategic Holdings

By News & Events

DALLAS – Scheef & Stone, LLP represented Dallas-based Aspen Strategic Holdings, LLC in a successful derivative arbitration proceeding on behalf of ABA DSO, LLC against local boutique investment banking firm Transitus Capital, LLC and its founders. The nearly $1.3 million award stems from breach of its engagement agreement, fraud, and gross negligence claims.

“Our team is very pleased with the outcome,” said Scheef & Stone Partner J. Mitchell Little, who served as lead counsel. “It was necessary to demonstrate either gross negligence or willful misconduct on the part of the Respondents, and we felt we could meet that burden based on overwhelming evidence. It is extremely satisfying to help our client be made whole here.”

The arbitration award for Aspen Strategic Holdings, a private equity holding company that specializes in health care properties and operating ventures, includes attorney’s fees, costs, pre- and post-judgment interest

“We are immensely thankful for Mitch’s wise counsel in addressing this situation. We hired Transitus expecting them to perform their services with honesty, care, and loyalty. They did not and Mitch was instrumental in helping us hold them accountable,” said Aspen Strategic Holdings Managing Member Dennis Marshall.

Scheef & Stone, LLP provides solid counsel to its valued clients by forging innovative legal solutions to build lasting relationships. From offices in Dallas, Frisco, Marshall, and Sherman, the firm’s members hold themselves to the highest standards while going beyond the extra mile for their clients. These standards have led to strategic growth, bringing our attorney count to approximately 60 lawyers practicing in a full-service commercial firm with services that include corporate, mergers and acquisitions, real estate, tax, construction law, banking, bankruptcy, intellectual property, healthcare, litigation, and employment law.