Charron v. Sallyport Global Holdings, Inc. et al, No. 1:2012cv06837 - Document 264 (S.D.N.Y. 2014)

Court Description: OPINION & ORDER: This lawsuit is a sad denouement to what began as a vibrant and symbiotic partnership between two West Point graduates. After serving their country in the military, they continued to serve by providing logistical support in dangero us overseas theaters. That business earned them tens of millions of dollars. Ultimately, each turned his vast fortune against the other in a litigation bonanza rivaling Warren Adler's "The War of the Roses." This business divorce should never have spilled into a federal courtroom. For the reasons set forth in this Opinion and Order, Plaintiff Thomas W. Charron, Jr. is entitled to 20% of $78,986,580.75, which is $15,797,316.15 against Defendants Sallyport Global Holdings, Inc.; JPD Private Trust Company, Ltd; and John P. DeBlasio. Defendant Sallyport Global Holdings, Inc. is entitled to $227,364.22 on its counterclaims for conversion and unjust enrichment against Charron. The parties are directed to submit a proposed final judgment by December 22, 2014. (Signed by Judge William H. Pauley, III on 12/10/2014) (tn)