AC Aviation LLC has filed a lawsuit in the United States District Court for the Southern District of New York against Reed Smith LLP, Christopher Buchanan, Matthew Meisel, and unnamed individuals. The complaint alleges that the defendants engaged in a deceitful scheme to seize control of AC Aviation’s multimillion-dollar aircraft by manipulating legal agreements and fabricating defaults. The case highlights alleged unethical conduct by a global law firm acting on behalf of a predatory lender, Arba Credit, to wrongfully repossess an aircraft under false pretenses. The plaintiff seeks compensatory and punitive damages, claiming significant business disruption and reputational harm.
Source: e125cv09336_AC_Aviation_v_Reed_Smith_Complaint_Southern_District_of_New_York.pdf
