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Friday, April 18, 2014

Law firm sues Arctic Circle Air Co.

A law firm is suing Arctic Circle Air Co. in Superior Court for allegedly failing and refusing to pay $34,626.34 in unpaid legal services.

The law firm of O’Connor Berman Dotts and Banes, through attorney David G. Banes, sued Arctic Circle Air for breach of contract.

The law firm is demanding $34,626.34 in general damages, plus interest at the rate of 9 percent per annum, additional attorney’s fees, and court costs.

Banes stated in the complaint that their law firm was engaged by Arctic Circle Air in August 2011 to render legal services and act as its counsel.

As part of the agreement, Banes said Arctic Circle Air will pay their law firm attorney’s monthly fees and costs in the course of the legal representation.

The lawyer said the airline company also agreed to reimburse plaintiff for all out-of-pocket expenses, including filing fees, court costs, travel expenses and duplication charges.

Banes said their law firm invoiced the company monthly for attorneys’ fees and costs expended on defendant’s behalf.

The lawyer said that Arctic Circle incurred an unpaid balance totaling $44,626.34, through May 2013, not including interest due.

Banes said the company made only the initial payment of $10,000 and that despite repeated promises to pay the next installment, defendant has “neglected, failed and refused to pay the second installment.”

The law firm, through attorney Michael W. Dotts, represented Arctic Circle Air in its lawsuit against the Rhode Island-based Independence Bank over the bank’s demand for payment of $155,000 in “break-up fees.”

In May 2013, Arctic Circle and Independence Bank, reached a settlement on the lawsuit.

Under the agreement, Arctic Circle agreed to dismiss the lawsuit and pay the bank $70,000. For its part, the bank agreed to release its liens on Arctic Circle’s aircraft.

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