Leading Refrigeration Company Merger
Kegler Brown represented Refrigeration Systems Company and its principal shareholders in the merger of the company with Manweb Services Inc. (d.b.a., Frieje Engineered Solutions). Refrigeration Systems, founded in 1961, provides customized refrigeration engineering, preventive maintenance and repair as well as design/build services for industrial clients in the food distribution and food processing industries. Freije Engineered Solutions is a nationally recognized specialty engineering, service and installation firm providing value-added infrastructure services. Financial terms of the March 2013 transaction were not disclosed.
Cognovit Judgment on 100 Residential Properties Across Several States
On behalf of Advantage Bank, we successfully obtained cognovit judgment against a borrower on loans collateralized by nearly 100 residential properties across several states. This involved the appointment of receiver, which stabilized the cash flow from operations. We also successfully defended the borrower’s attack on the validity of our client's mortgages in bankruptcy proceedings and subsequently handled the receiver’s sale of all real property collateral.
Defense of First Lien Position for a Community Bank
Our firm successfully prosecuted a CF Bank's first lien position by obtaining a state court receiver. We defeated the borrower’s attempt to stop foreclosure by filing personal business bankruptcy and restored operation of property in the bank’s receiver and helped stabilize cash flows. Our lawyers also developed and prosecuted follow-up actions against the borrower’s spouse and a closely held limited liability company (LLC). Additionally, we enhanced our client’s recovery through actions against title insurer for its negligence.
Collection of Damages Resulting From Breach of Contract
Kegler Brown represents an affiliate of a major electric utility
provider in connection with breaches of long-term energy supply contracts with
commercial end-users. In order to preserve the provider's relationships with
commercial end-users of energy, Kegler Brown negotiated and drafted reasonable
solutions satisfactory to both parties.