Peter M. Sartorius

• Obtained summary judgment dismissing unfair competition claims asserted by a competitor to our client, a well-known global tourism company. Decision affirmed on appeal to the New York Appellate Division – First Department.

• Obtained summary dismissal of state and federal antitrust and multi-million dollar unfair competition claims on behalf of our client, a well-known global tourism company. Decisions affirmed on separate appeals to the New York Appellate Division – First Department and the Second Circuit Court of Appeals.

• Represented global tourism company in complex, multimillion dollar unfair competition action resulting in favorable jury verdict in Los Angeles Superior Court.
• Represented a hedge fund client seeking rescission of a $3 million stock purchase agreement entered into with a public company on the basis of material misrepresentations made by the company in its offering documents. After a bench trial in the New York Supreme Court, Commercial Division, obtained a final judgment rescinding the stock purchase agreement and awarding damages of more than $3 million to our client. 
• Represented a well-known real estate developer in a dispute regarding the ownership and control of a proposed mixed-use development project in Astoria, Queens, with an estimated value exceeding $300 million. The plaintiff sought damages in excess of $15 million and injunctive relief. Obtained full dismissal of all claims against our clients. 
• Represented a hedge fund client seeking to enforce its exercise rights under common stock purchase warrants issued by a public company. The matter involved significant expert discovery in the areas of securities regulation, securities valuation, and GAAP. Prepared the case for a bench trial in New York federal district court in less than one year after commencement and achieved a multimillion-dollar judgment and reimbursement of nearly $1 million in attorney’s fees for the client.
• Defended a director of a public company in shareholder class action lawsuits filed in the Delaware Court of Chancery objecting to the fairness of a $120 million merger transaction. Favorably settled the case for our client on the eve of trial. Defended the hedge fund client in a $10 million action commenced by a “fund-of-funds” investor alleging breach of the limited partnership agreement, breach of fiduciary duties, and fraud arising out of our client’s election to suspend redemptions, close fund, and distribute fund assets to investors. Obtained complete prediscovery dismissal of the action; the dismissal was affirmed by the New York Appellate Division and the New York Court of Appeals. The decisions created a New York precedent for enforcement of broad contractual exculpation of fiduciary duties under limited partnership agreements governed by Delaware law.
• Represented owners of a well-known New York City boutique luxury hotel in a dispute with a ground lessee’s lender concerning its purported security interest in the hotel structure and fixtures and improvements therein. Obtained pre-answer dismissal of all claims against our clients.
• Currently representing numerous commercial landlords in disputes with commercial tenants arising out of the parties’ respective contractual obligations in light of the ongoing COVID-19 pandemic.

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Honors & Recognitions

• Named a “Rising Star” by New York Metro Super Lawyers, 2012 – 2019

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