Bruce Nagel Wins $2.7 million in Arbitration Against Hedge Fund

By Greg Kohn
Partner

Bruce Nagel and Greg Kohn win arbitration against the Canadian hedge fund.  After two years of litigation, an arbitrator has awarded Six Point Partners $2.7 million in a suit against Canadian distress fund Catalyst Capital Group, managed by Newton Glassman. Six Point, a placement agent located in New York City, sued Catalyst for breach of contract after Catalyst failed to pay Six Point fees in connection with a $400 million raise for Catalyst Fund Limited Partnership III completed in April, 2011. Catalyst claimed that Six Point failed to perform under the placement agreement and sought a refund of the $530,000 it had paid to Six Point under the agreement. Rejecting this claim, the arbitrator, Dana Freyer, Esq. found that Six Point was entitled to fees due under the agreement.

The attorneys at Nagel Rice, LLP represent clients throughout New York and New Jersey in a wide range of matters including personal injury, automobile accidents, brain injuries, medical malpractice, business litigation and class action cases.

About the Author
Greg Kohn is a partner at Nagel Rice and specializes in complex civil litigation cases, including professional malpractice, personal injury, class actions, wrongful death, products liability, and commercial litigation.  He has extensive experience representing clients in both state and federal court. Greg has tried many jury trials to verdict and has recovered over $50 million in settlements and verdicts in all types of personal injury matters including automobile accidents, wrongful death cases, slip and falls, and other catastrophic injury cases. Greg also handles medical malpractice cases, involving misdiagnoses, wrongful birth, and delayed cancer diagnosis. If you have questions regarding this article, you can contact Greg here.