DALLAS – StoneTurn, a leading global advisory firm, is pleased to share its role in securing a favorable outcome in Therapies 4 Kids (T4K) non-compete case before the Broward 17th Circuit Court in Florida. As a result of StoneTurn’s investigation and analysis of lost profits, the court awarded T4K $5.2 million in damages.
Attorney Noel C. Pace initially uncovered seemingly alarming information regarding a couple of T4K’s highly compensated employees and recognized the need to dig deeper. Subsequently, StoneTurn Partner Jeffrey Matthews was retained to review and analyze the operating funds and determine whether there is evidence of self-dealing or malfeasance conducted by certain individuals in connection with a lawsuit, Therapies 4 Kids, Inc. vs Victoria Sobrino-Sanchez, et. al.
As part of this engagement, Matthews analyzed accounting records and documents to determine whether there were indicia that one or more of the Defendants diverted corporate assets to themselves, or others, in violation of their employment agreements and duty of loyalty; and calculate lost profits due to the actions of Defendants named in the above-mentioned lawsuit.
Following analysis of documents pertaining to the matter, the observations included:
- Indications of self-dealing or malfeasance conducted by certain individuals in connection with the Lawsuit.
- Indicia that one or more of the Defendants diverted corporate assets to themselves, or others, in violation of their employment agreements and duty of loyalty.
- Documents which suggest that at least one of Defendants in the Lawsuit diverted corporate clients or patients.
Chief Judge Jack Tuter ruled on the case, citing, “This court has presided over many non-compete cases over the past 19 years. None were as egregious as this one.” Read more about the case and access the final judgment here.
Jeffrey Matthews, a Partner with StoneTurn, brings over 25 years of experience in financial investigations, forensic accounting and litigation support. He has served as a financial expert in corruption and […]