Capabilities

Kloiber Holdings v. Sopris LLC

Kloiber Holdings

Our attorneys prevailed on behalf of Kloiber Holdings, which was awarded more than $12 million plus attorneys' fees, based on a finding that Sopris LLC and its principal committed fraud and breached its fiduciary duties. The dispute arose from Kloiber's investment in a 27,000 acre cattle ranch that ceased operations in 2011 after a default on its credit faculties and the resulting liquidation of its assets. After a four week trial, Kloiber convinced an arbitrator that Sopris systematically looted the ranching business and ultimately caused the credit default. The arbitration award also invited briefing on punitive damages.  

Email Disclaimer