Arkin Solbakken LLP Successfully Defeats TRO Sought Against its Corporate Client

Arkin Solbakken LLP Successfully Defeats TRO Sought Against its Corporate Client

On August 15, 2016, after oral argument in New York Supreme Court, Arkin Solbakken LLP successfully defeated the effort of dissident shareholders of its corporate client to impose a Temporary Restraining Order curtailing the authority of the company’s officers and directors.  In a ruling from the bench, the trial court agreed that a restraining order would inequitably curtail management’s authority and concluded that no aspect of the petition would allow for the stringent form of relief sought.