August 3, 2026
Jeffrey Eilender was recently quoted in Bisnow discussing the legal and investor-protection considerations surrounding reverse mergers in connection with a dispute involving Industrial Realty Group and a group of minority investors.
The investors are seeking to pause a planned reverse merger between Industrial Realty Group and mortgage REIT Sachem Capital Corp., arguing that the transaction could move approximately $2.9 billion in industrial real estate assets beyond the reach of an ongoing arbitration. The investors are seeking more than $350 million in damages related to their dispute with IRG.
Speaking generally about reverse mergers, Jeff explains that the structure allows a private company to access public markets by combining with an already-public company without undergoing the same registration process required for a traditional initial public offering.
“You're trying to get access to the market without going through what you really need to, to have access to the market,” Jeff tells Bisnow. “The whole point of the market is to give investors protection, and this bypasses the protection.”
Read the full article in Bisnow.
Jeffrey M. Eilender is the co-managing partner of Schlam Stone & Dolan LLP and co-chair of the civil litigation group. He regularly contributes to the firm’s New York Commercial Division Blog and has been recognized on the New York Metro Super Lawyers® list in Business Litigation, Civil Litigation, and General Litigation since 2010.