Asset Transfer in REIT Transaction

Retained by Wexler Wallace

The Vega team was retained by Wexler Wallace to support a damages expert in analyzing the amount of damages suffered by members of the certified class who held a minority share of certain umbrella partnership real estate investment trust (UPREIT). The expert analyzed damages in the following four categories:

breach of the Declaration of Trust (DOT) and tortious conduct stemming from breach of the DOT
minority oppression and inequitable conduct
unjust enrichment
distributions resulting from an asset transfer

The case settled.

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