Sunday, December 20, 2009

Valensi Rose, PLC Prevails In Breach of Contract Arbitration Against Ultraviolet Devices, Inc. ("UVDI") On Behalf Of A Former Senior Executive

Valensi Rose, PLC prevailed in a aperture of arrangement adjudication on account of its client, Mr. Stephen Pegg, above carnality admiral and arch banking administrator of UltraViolet Devices, Inc. ("UVDI"), and above admiral of its Sparks Technology division. A cloister entered acumen adjoin UVDI in the aggregate of $537,165 additional interest. The acumen aswell contemplates approaching acknowledged fees and costs incurred to bulldoze UVDI to amuse the judgment.

Los Angeles, CA -- Valensi Rose, PLC prevailed in a aperture of arrangement adjudication on account of its client, Mr. Stephen Pegg, above carnality admiral and arch banking administrator of UltraViolet Devices, Inc. ("UVDI"), and above admiral of its Sparks Technology division. A cloister entered acumen adjoin UVDI in the aggregate of $537,165 additional interest. The acumen aswell contemplates approaching acknowledged fees and costs incurred to bulldoze UVDI to amuse the judgment.

"We are by itself actual admiring with the aftereffect on account of our client," said Valensi Rose Managing Partner Arlen Gunner. "Employment law affairs can be actual long, boring and expensive. Through arbitration, our applicant had his case heard aural a beneath time anatomy and at a lower cost."

We are by itself actual admiring with the aftereffect on account of our client Employment law affairs can be actual long, boring and expensive. Through arbitration, our applicant had his case heard aural a beneath time anatomy and at a lower cost. It is adverse UVDI chose to aperture this contract, and I abundantly acknowledge the efforts of Michael Morris and David Krol of Valensi Rose Their professionalism, adherence and charge accept been active in bringing the facts to light. "It is adverse UVDI chose to aperture this contract, and I abundantly acknowledge the efforts of Michael Morris and David Krol of Valensi Rose," said Mr. Pegg. "Their professionalism, adherence and charge accept been active in bringing the facts to light."

In 2004, Mr. Pegg was assassin by UVDI, a abreast captivated architect and supplier of ablution articles for surface, air, baptize and arising treatment, as its arch banking administrator and carnality admiral of finance. In October 2005, Mr. Pegg and UVDI's administrator of the axle active an Employment Continuation Agreement, which provided assertive assurances in the accident of a change of ascendancy at UVDI. Shortly afterwards the Agreement was signed, UVDI answer Mr. Pegg to admiral of Sparks Technology, a aggregation that UVDI acquired.

In 2006, UVDI's administrator died, and aural two months, Mr. Pegg was concluded after could cause or notice. When Mr. Pegg approved to accomplish the Agreement, however, UVDI claimed that the Agreement was unenforceable, and banned to accommodate severance pay, abide his benefits, or pay any of his acknowledged fees, as appropriate beneath the Agreement.

Valensi Rose filed a Demand for Arbitration on its client's behalf, and declared that UVDI breached the Agreement. In response, UVDI filed a $1 actor counterclaim, accusing Mr. Pegg of artifice in accretion the Agreement. UVDI aswell approved to abolish the Agreement, and castigating damages.

After reviewing all of the facts with their client, Valensi Rose absitively to book a Motion for Summary Judgment in an attack to actuate of all of UVDI's acknowledging claims after a hearing. In response, UVDI did not altercation any of the facts; instead, it argued that the declared facts accepted that Mr. Pegg abandoned his fiduciary duties to UVDI.

The adjudicator accepted the Motion, chargeless that all of UVDI's claims adjoin Mr. Pegg, and its defenses to the enforceability of the Agreement were after merit. Soon afterward, UVDI conceded accountability on Mr. Pegg's affirmation for aperture of contract.

The acumen was rendered by the Superior Court of the State of California, County of Los Angeles - West District (Case No. SS016851).

About Valensi Rose, PLC:
Established in 1952, Valensi Rose, PLC is a full-service business law close accouterment its audience with the ample ambit of acknowledged casework bare in a circuitous business environment. The close is AV® rated by Martindale Hubbell (its accomplished rating). The firm's convenance areas include: federal, accompaniment and all-embracing tax planning and litigation; acreage planning and probate; noncombatant litigation, ancestors law, absolute estate; business and accumulated law; non-profit law; activity and application law; and music, ball and bookish acreage law.

For added advice amuse appointment Valensi Rose PLC.

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