In May 2025, Slarskey LLC client Tradex Global Master Fund SPC Ltd. and Tradex Global Advisors LLC brought a successful end to nearly 15 years of litigation against Southshore Capital Fund Ltd., related entities, and their principal.

In June 2010, Tradex filed suit against the defendants, alleging that, after Tradex invested millions into Southshore Fund, Defendants siphoned those monies to an unrelated fund and rebuffed Tradex's attempt to redeem their capital. Ultimately, in 2015, the Court entered judgment against the defendants and in favor of Tradex. What followed was many years of evasion, including creating shell entities to hide assets, refusing to engage in post-judgment disclosure, and repeatedly asserting insufficient assets to satisfy Tradex's judgment.

Nearly 10 years after Tradex achieved its judgment, the company engaged Slarskey LLC to assist with asset enforcement. After conducting a renewed investigation, in January 2025, Tradex filed a motion for turnover and related relief, marshaling substantial evidence demonstrating that the defendants had fraudulently concealed assets that could satisfy the judgment and seeking expedited relief and turnover of assets.

On May 7, 2025, the Court found Tradex had demonstrated the defendants' use of third-party straw entities as alter egos, and ordered the seizure of hard assets, LLC interests holding a $14 million commercial property in Connecticut, and a $24 million investment account, and ordered an award of attorneys' fees and costs. Just 10 days after the hearing, Defendants satisfied the judgment.  

Central to the success was the use of Article 52 post-judgment remedies available to creditors seeking to enforce judgment in New York courts. The law offers broad and extensive disclosure and relief against debtors and third-party affiliates owing money judgments to creditors, including remedies for out-of-jurisdiction assets and property held by third-parties for the benefit of the debtor. The firm is honored to have brought this long matter to a successful close on behalf of our client, Tradex.

Tradex was represented by Evan Fried and Anthony LoMonaco. Slarskey LLC represents an array of investors and creditors in fraud, asset recovery, investment dispute, and judgment enforcement.