Moritt Hock & Hamroff (MH&H), a New York-headquartered commercial law firm, formed a business divorce practice group. Chaired by litigation partner Stephen J. Ginsberg, the group is comprised of a team of highly experienced attorneys focused on resolving complex disputes between co-owners of closely held businesses.
The launch of this practice group coincides with technological advancements that have increased corporate efficiencies across a range of industries. As growth has accelerated, many existing business relationships and responsibilities have become untenable. Combined with a rise in founder retirements and unfeasible succession plans, these shifts are driving a surge in disputes among business owners, including conflicts relating to dissolution, the sale of a company or certain of its assets, ownership rights and compensation, succession planning and buyout disagreements.
“Whether they stem from deadlock, financial misconduct, or just differing visions for a company’s future, partnership disputes can be as intense as any personal split, frequently charged with emotion and requiring significant time, energy, and strategic expertise to resolve,” Stephen Ginsberg of MH&H said. “The business divorce practice group will draw on the full breadth of our firm’s experience in resolving commercial disputes, which spans a range of sectors including eCommerce, healthcare, finance, real estate, fashion, professional services and automotive sales.”
This announcement follows in a series of recent expansions for Moritt Hock & Hamroff across the firm’s footprint, including the acquisition of the Fort Lauderdale boutique firm Saavedra Goodwin, and the addition of attorneys Susan Coleman and Michael Kwiatkowski.
“We’re thrilled to announce the launch of the business divorce practice group, which reflects our extensive commercial litigation capabilities, while building on the expertise we offer to clients nationwide,” Michael Cardello III, managing partner at MH&H, said. “Stephen has assembled an exceptional team of attorneys with a deep understanding of the unique sensitivities involved in working with closely held businesses and their owners.”
