Onex Corporation's Summary Judgment Motion Denied

FENSTERSTOCK, P.C., On Behalf of Cypress Group Holdings Inc., Defeats Onex Corporation’s Summary Judgment Motion; Case Proceeds to Trial in March

New York, New York–January 28, 2019–After hearing oral arguments from Fensterstock, P.C., representing Plaintiff Cypress Group Holdings, Inc. (“Cypress”), and Arnold & Porter, representing Defendants Onex Corporation, et al. (“Onex”), the Honorable Justice Barry R. Ostrager of the New York County Supreme Court, Commercial Division, denied Onex’s motion for summary judgment. The decision was made immediately from the bench. The case is set to proceed to trial commencing on March 18, 2019.

The case involves allegations of breaches of representations, warranties, and covenants contained in a stock purchase agreement by Onex in connection with the sale of an insurance company and its subsidiaries.

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About Fensterstock, P.C.

Formed in 2018 by attorney Evan S. Fensterstock, a New York Rising Star business litigator for the last four consecutive years, Fensterstock, P.C. represents clients in complex, commercial litigation and employment matters in trials, appeals, and negotiations on both the plaintiff and defense side in New York state and federal courts, and in arbitration, in cases involving breach of contract, indemnification, breach of fiduciary duty, fraud, non-competition agreements and restrictive covenants, defamation, trade secret misappropriation, shareholder derivative suits, negligence, accounting and legal malpractice, false light invasion of privacy, injunctions, and Sarbanes Oxley whistleblower actions. The Fensterstock name has been respected by the legal community for nearly a century, starting with New York Assistant Attorney General Nathaniel Fensterstock (1916-1988), Evan Fensterstock’s grandfather, who wrote the History of New York Social Welfare Legislation in 1941, and Blair C. Fensterstock (1950-2017), Evan Fensterstock’s late father, a Columbia Law Graduate, Harlan Fiske Stone Scholar, and a Top 100 Business Litigator, known for, among other notable matters, trying cases arising out of the 1993 World Trade Center bombings. For Fensterstock, P.C. News, click here.