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PR Newswire India Press Releases

Heideman, McKay, Heugly & Olsen Law Firm Obtains Ruling in Excess of 10 Million Dollars in Cash and Assets for Martinique Mining Company

PROVO, Utah, Oct. 28, 2011 | Source : PR Newswire
 
 
According to Martinique Mining President, Kim Wilson, HMME had put his life in shambles and was also taking advantage of the other shareholders in the company. Kim says he was finally able to sleep at night knowing he had a capable team of attorneys who were truly concerned about their company interests.

"My fellow shareholders and I felt overpowered, bullied and likely to lose a legacy that had been passed down four generations in our family," said Kim Wilson, Martinique Mining President. "With the HMHO Law firm, I knew I had found the perfect combination of Mr. McKay's professionalism, confidence and calming demeanor, coupled with Mr. Heugly' s tenacity and his experience with mining, natural resource and transportation industries. Since hiring HMHO, instead of feeling like I was one step behind, I felt like we were two steps ahead."

The yearlong litigation process was litigated before an arbitration panel in Miami, Florida and in the Federal District Court of Southern Florida. It involved hearings in Florida, depositions in Utah, and included detailed discovery to unravel the web of subsidiary companies formed by the group which controlled HMME.

In what appeared to be a classic case of David v. Goliath in terms of financial resources and HMME's engagement of several law firms and multiple attorneys to defend them, HMHO and its client ultimately received a very favorable decision.

The award obtained by HMHO Law for Martinique Mining came as a result of the arbitration panel finding that HMME committed fraud and breached the agreement between the parties. HMME was ordered to pay HMHO Law's clients approximately $2,500,000 cash and to inject $8,000,000 - $10,000,000 in capital to fund further exploration of the mining claims and to restore the principals of Martinique to their proper shareholders status in HMME. The award further specified that if HMME failed to comply, then HMME was to return the mining claims, water rights and all other assets to Martinique.

"We went to bat for our clients who had limited resources in comparison to their larger and better funded counterpart," said Daniel McKay of HMHO Law. "We took on this fight despite the challenges we faced because it needed to be done. These are good, hardworking people who were being taken advantage of. We tried to be efficient in picking our battles and we spent countless nights combing through records to find the best evidence and apply the right legal theories to the facts of the case. That effort culminated in a victory for our client. It is very gratifying."

When Kim Wilson was asked about how satisfied Martinique Mining was with the legal services of HMHO Wilson, he said, "The opposing party did everything they could to intimidate me prior to hiring Dusten and Dan. After hiring HMHO, HMME hired six or seven attorneys from several firms to dispute our claims," said Kim Wilson. "I believe that the team of Dusten Heugly and Dan McKay are the best lawyers in the mining and natural resource field and they will always be a trusted resource in any future matters for Martinique Mining."

Heideman, McKay, Heugly and Olsen is a Martindale Hubble AV rated, full-service law firm. The firm staffs five offices throughout Utah, in Provo, Spanish Fork, Price, St. George and Ephraim, and offers a wide range of legal services related to business, estate planning, securities, contracts, real estate, mining and natural resources, and personal injury. Media contact: Tony Jewkes, (801) 812-1000 or [email protected] http://www.hmho-law.com

Media contact:Tony Jewkes(801) [email protected]://www.hmho-law.com

SOURCE Heideman, McKay, Heugly & Olsen
 

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