Receivership Services, Winding Down a Partnership:

Ms. Axelrod brings all of her skills to bear in her work.  The following illustrates how her ADR / settlement skills assist even in her receivership work.  Ms. Axelrod was appointed to serve as a Receiver in a complex commercial litigation matter, to wind down the assets of a partnership.  Prior to her appointment, the parties – the partnership’s majority and minority partners – had engaged in protracted litigation.  The matter had been appealed to the United States Supreme Court, and twice to the Pennsylvania Supreme Court. Over the course of 6 years of litigation, 3 Commerce Program judges presided over the case, with 2 actually retiring during the litigation. Ms. Axelrod was subsequently appointed by the Court as the Receiver to review the potential dissolution of the partnership with the potential liquidation of the real estate.

Despite the complex nature of the case, the partnership issues and laws involved, the strong presentations of the attorneys involved, and the involvement of non-party property owners, Ms. Axelrod put together a team of professionals to help determine valuations and options for the resolution of the matter.

Through direct involvement and constant attention to the parties’ concerns and issues, she helped broker the settlement of this case.

See Phillip Berger’s recommendation of her work which appears on her profile on LinkedIn.

Receivership Services, in an Action Between Shareholders:

Ms. Axelrod served as Receiver of a corporation which owned a parking lot, in a multi-party action which involved claims by one of the shareholders that the others were fleecing the corporation.

Phillip Berger

Attorney & Managing Partner at Berger Law Group P.C.

“I represented Plaintiff minority partners in protracted litigation against a Defendant real estate partnership entity. The litigation involved claims of distributions alleged to be due to the Plaintiffs. The words “protracted litigation” are fitting, as the matter had been appealed to the United States Supreme Court, and twice to the Pennsylvania Supreme Court. Over the course of 6 years of litigation, 3 Commerce Program judges presided over the case, with 2 actually retiring during the litigation. Ms. Axelrod was subsequently appointed by the Court as the Receiver to review the potential dissolution of the partnership with the potential liquidation of the real estate.

Despite the complex nature of the case, the partnership issues and laws involved, the strong personalities of the attorneys involved, and the involvement of the non-party property owners, Ms. Axelrod was an absolute professional. Ms. Axelrod was always respectful to all of the parties, and put together a team of professionals to help determine valuations and options for the resolution of this very litigious matter.

Through Ms. Axelrod’s direct involvement and constant attention to the parties’ concerns and issues, she helped broker the settlement of this case.

I highly recommend Ms. Axelrod both as a Receiver, and also as a Mediator.”