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Lawyers battle over which firm represents Eletson in New York courts


//business-finance.news-articles.net/content/202 .. -firm-represents-eletson-in-new-york-courts.html
Published in Business and Finance on Wednesday, December 4th 2024 at 20:02 GMT by Bill Williamson   Print publication without navigation

  • The battle between Reed Smith and New York firm Togut, Segal & Segal mirrors the scenario in which representatives of Toronto-based hedge fund Murchinson and Eletson's incumbent management separately issued competing press releases to assert control of the company.

The article from Tradewinds News discusses a legal dispute over the representation of Eletson, a Greek shipping company, in New York courts. Two law firms, Seward & Kissel and Watson Farley & Williams (WFW), are at odds regarding which firm should represent Eletson in ongoing legal proceedings. Seward & Kissel claims they have been representing Eletson since 2019, while WFW asserts that they were engaged by Eletson in 2023 for specific matters. The contention arose when WFW attempted to substitute Seward & Kissel in a case involving Eletson's subsidiary, Eletson Holdings Inc., which is facing a lawsuit from creditors. The dispute has led to a hearing where both firms presented their cases, with Eletson's CEO, Tryfon Kollintzas, stating that WFW was hired for a specific issue and not to replace Seward & Kissel entirely. The court has yet to decide on the matter, highlighting the complexities of legal representation in international shipping disputes.

Read the Full TradeWinds Article at:
[ https://www.tradewindsnews.com/law/lawyers-battle-over-which-firm-represents-eletson-in-new-york-courts/2-1-1748812 ]

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