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CDQ Assists Clients in Obtaining Favorable Settlement in Contract Dispute

CDQ’s clients held an interest in certain entities owning cannabis grow and processing licenses in Ohio.  Disputes arose between CDQ’s clients and a third party relating to the parties’ respective obligations under an Indemnification and Assignment Agreement, under which CDQ’s clients agreed to assign their rights, title and interest in and to the licensed entities in exchange for the third party fulfilling certain broad indemnification obligations.  Underlying and intertwined with the parties’ disputes, were various urgent, high-stakes business matters involving well-resourced and sophisticated parties.  During and following protracted negotiations and an expedited mediation process, CDQ’s Dan Quigley and Kevin Moyer were able to successfully and efficiently assist CDQ’s clients in securing favorable monetary and non-monetary terms as part of a private settlement and avoiding otherwise imminent, complex litigation.