Buddha-Bar Investor Says It Was Harassed Over Franchise

Law360, New York (May 18, 2017, 4:38 PM EDT) -- A Cyprus company demanded the return of its $1 million investment in a yet-developed Manhattan franchise of Buddha-Bar — an international restaurant and hotel chain — telling a New York federal court Thursday that the other owners attempted to “oppress and harass” it out of its ownership rights.

Mprosiemo Ltd. is seeking a dissolution of BB NY Operations 357th St. LLC, which was formed to establish a Buddha-Bar in Midtown Manhattan, accusing various entities and individuals of rendering its ownership rights as valueless after forming a...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Mprosiemo Limited v. Arkensberg, LLC et al


Case Number

1:17-cv-03745

Court

New York Southern

Nature of Suit

160(Stockholders Suits)

Date Filed

May 18, 2017

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.