PHILADELPHIA – A local accounting office believes an investment fund firm based in Delaware and a Paoli management firm owes it in excess of $21,000 for services rendered over a nearly four-month period in 2016.
Citrin Cooperman & Company of Philadelphia filed suit on June 15 in the Philadelphia County Court of Common Pleas, against A Palos Harbor Fund L.P. of Wilmington, Del. and St. Joseph Capital Management, LLC, of Paoli.
“On Feb. 27, 2016, defendants retained plaintiff to render professional accounting, tax and consulting services on their behalf. Pursuant to its Engagement [contract] by defendants and at defendants’ request, plaintiff, by and through its partners and employees, performed professional accounting, tax and consulting services on behalf of defendants from the time of its engagement through mid-June 2016. The professional services rendered by plaintiff were performed in a timely and competent fashion,” the lawsuit says.
According to the suit and detailed in a set of four monthly invoices sent to the defendants, the plaintiff’s billable amount is a total of $22,524.00 – while the defendants have only paid $900.00 of said amount, leaving an outstanding balance of $21,624.00.
Although the contract of Engagement contains a mediation/arbitration clause and the plaintiff filed for mediation sessions with the American Arbitration Association, the defendants allegedly refused to participate, thereby leading to the filing of the instant action.
The plaintiff adds St. Joseph, as the general partner of defendant Palos, is liable for its partner’s business debts, including any award, verdict or judgment entered against Palos in this actions.
The plaintiff is seeking damages in the amount of $21,624.00, plus attorney’s fees, interest and costs of suit in this matter.
The plaintiff is represented by Mitchell L. Paul in Philadelphia.
Philadelphia County Court of Common Pleas case 170601675
From the Pennsylvania Record: Reach Courts Reporter Nicholas Malfitano at nickpennrecord@gmail.com