Erin Rhinehart Named One of Dayton Business Journal’s Power 50
The Power 50 award highlights the top female business leaders in Dayton from a variety of industries who have made a large impact on the Miami Valley. The Dayton Business Journal hopes that the list will encourage more women to make a difference in their community. See Pitchengine Press Release.
In the News.
Court of Appeals Affirms Fraud and Breach of Contract Judgment for Faruki Client
On April 9, 2021, Jeff Ireland, Jason Palmer, and Melissa Watt prevailed on an appeal as the Second District Court of Appeals affirmed an overall judgment of nearly $3.5 million. Harris v. Sunsong Holdings, Inc., 2021-Ohio-1213 (2d Dist.). Faruki's client, Sunsong Holdings, Inc. was sued to enforce a purchase agreement and for breach of contract, conversion, tortious interference with contract, breach of fiduciary duty, and fraudulent inducement, all stemming from a 2015 acquisition of a Dayton manufacturer. Sunsong, represented by Faruki, filed a counterclaim for fraud and breach of contract, arguing that material information was concealed and misrepresented in due diligence. After a seven-day trial, the court awarded damages of more than $1.7 million on the counterclaim, as well as recovery of attorney's fees, expenses, and costs of litigation, which totaled more than $1.6 million. The Court of Appeals affirmed the trial court's verdict that the Plaintiffs fraudulently misrepresented financial information and the condition of the Company, causing Sunsong to pay more for the business than it otherwise would have.
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