Bet-the-Company Litigation—lawsuits that threaten the very existence of a client’s business—requires the highest level of legal expertise and judgment. Steeg Law’s lead litigation attorney, Charles L. Stern, Jr., has been recognized by Best Lawyers in America for his experience in handling these kinds of complex cases. He has the professional skills, litigation judgment, and ability to understand your company’s business objectives.
In the high stakes world of Bet-the-Company Litigation, Mr. Stern has a reputation for coming up with practical solutions that accomplish what the client is trying to accomplish without spending money unnecessarily. As he says, “I am highly aware of my client’s business needs and interests. I also learned a long time ago that litigation is a means to an end. So, from the beginning I am looking for ways to resolve the dispute on terms that make sense for my client.”
Restaurant Industry – A well-known and successful French Quarter restaurant, was threatened with the loss of its long-term ground lease. Because the restaurant’s location, including its large courtyard, was integral to its success, it almost certainly could not have survived had it lost its lease. Mr. Stern tried the case successfully, preserving his client’s business by persuading both the trial judge and the appellate panel that the landlord’s position was groundless, motivated by greed and not any breach of the lease.
Real Estate Holding Company – A real estate holding company with hundreds of millions of dollars in local property interests was threatened with dissolution because of disputes among its shareholders. Working with a team of lawyers, Mr. Stern defended the company against the claims of the dissident shareholders in litigation that stretched on for more than four years. Recently, with the assistance of Stern and his co-counsel, the shareholders finally resolved their differences in a manner that will preserve the company and provide a framework for the governance of the business for many years to come.
Real Estate Development Company—Defeated claim by party claiming to hold a multi-million mortgage against development company’s sole asset by successfully arguing that mortgage had been cleared from property in an earlier bankruptcy sale. Case proceeded through all three levels of both the federal and Louisiana court systems, including a full argument in front of the United States Supreme Court.
News You Need to Know
According to a recent survey of corporate legal departments by BTI Consulting Group, litigation spend by corporate legal departments in 2016 is projected to increase for the first time since 2011 due to an increase in the number of high-stakes cases. Indeed, such “bet-the-company” litigation tripled from 2014 to 2015 and is projected to be even higher for 2016.
- Best Lawyers’ 2015 New Orleans Litigation – Real Estate “Lawyer of the Year”
- Best Lawyers in America – Litigation – Commercial Litigation; Litigation – Real Estate; Litigation – Bankruptcy; Bet-the-Company Litigation
- SuperLawyers – Business Litigation (2007-2015)