Press release- New York, NY – October 15, 2020 – Sichenzia Ross Ference LLP obtained dismissal today of $2.6 million in contractual claims against its corporate client and the company’s president in an appeal to the First Department, Appellate Division in Moiseenko et al. v. AGA Management Corp. et al. The Supreme Court, New York County, had previously determined that the Plaintiffs’ employment contract was ambiguous as to whether Plaintiffs were owed $50,000 every other week, or $50,000 annually. The First Department reversed the Supreme Court and granted summary judgment to the firm’s clients, dismissing the Plaintiff’s claim, holding that the “only reasonable reading” of the contract was that Plaintiffs were entitled to a $50,000 annual salary.
The SRF team was led by partners Michael Ference and Sameer Rastogi, and counsel Owen Kloter, who successfully argued the appeal before the First Department.
