Important or Memorable Cases Attorney in Oakbrook Terrace, Illinois

Doctor cheated out of sweat equity in medical practice

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00:04
in one case we represented
00:07
a physician again who was part of
00:10
a small closely held business with
00:13
several other physician partners and
00:17
while the business was sort of in its
00:19
building out phase and
00:20
getting started his business partners
00:24
essentially froze them out they didn’t
00:26
want to be part of the business anymore
00:28
and it was a complicated dispute because
00:31
his contributions to the business unlike
00:34
some of the other partners
00:35
had come in the form of sweat equity in
00:38
other words he was devoting his time
00:40
and uh expertise to the business
00:43
in lieu of making uh actual cash
00:46
contribution
00:47
so we brought an arbitration in that
00:49
case
00:50
and had to prove how much that sweat
00:53
equity was worth
00:54
and ultimately we did we recovered every
00:58
nickel
00:59
uh on behalf of the client while the
01:01
business
01:02
was sort of dissolved as part of that we
01:05
we won the trial and he recovered
01:07
all of its damages and he was thrilled

Chicago, IL commercial litigation attorney Patrick D. Austermuehle talks about a memorable case involving a doctor who was cheated out of sweat equity in a medical practice.

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