Lomax and Cohen Secure Win for ISM Connect

Jul 22, 2020   //   by rford   //   News  //  Comments Off

A Lauletta Birnbaum team of Gregory A. Lomax and Sarah Cohen secured a defense judgment at arbitration on behalf of ISM Connect, LLC, a leading developer of software for out-of-home media and security networks. A former employee and a seller of the company that ISM Connect acquired brought a claim against ISM Connect, on behalf of himself and other sellers, for breach of contract for failing to pay the sellers $6 million of the purchase price for the company. After an 11-day arbitration, the arbitrator rejected claimants’ case and refused to order ISM Connect to pay them the $6 million they sought.

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