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experience: matters
ICAT - Arbitration Stayed

Representation, through local counsel, of ICAT, a provider of catastrophe insurance to businesses, in staying an arbitration sought by a former employee seeking severance and $5 million in damages stemming from his termination. The former employee argued that the timing of his termination caused his equity interest to decrease in value. While disputes under his employment agreement must be arbitrated in Colorado, disputes under ICAT's Operating Agreement must be litigated in New York. We convinced the court that the Operating Agreement, not the employment agreement, governs the value of the employee's equity interest, so the arbitration must be stayed pending litigation of the claim in New York. The employee's severance claims will continue to arbitration in Colorado.