Multinational Litigation, Arbitration Vindicates Minority Shareholder, Precipitates Criminal Prosecution

     MIAMI—Fighting in Central American, European, U.S., and Caribbean courts and arbitration venues, the Miami-based law firm KPKB won significant compensation for its client, a minority shareholder in a Caribbean cement-manufacturing facility, in a financial dispute.  KPKB’s evidence also laid the foundation for criminal prosecution against the majority shareholder, a multinational corporation.

     Previously, KPKB had filed suit on behalf of its client, alleging that the majority shareholder had fraudulently manipulated financial statements and skimmed assets.  The majority shareholder then demanded arbitration, hoping to force the KPKB client to sell its interest for a fraction of its value.

     But the diligence of KPKB lawyers and its forensic accountants showed that the multinational corporation had overplayed its hand, according to attorney Michael Ehrenstein.

            “Not only did we win a very favorable result for our client, but we paved the way for criminal prosecution of the majority shareholder,” said Ehrenstein.