Charter broker Jet One Jets is seeking more than $60 million in compensatory and punitive damages from Halcyon Jet Holdings and brokerage firm Halcyon Jets for, it alleges, defrauding the company of its employees and customers. Delaware-based Jet One Group alleges that Halcyon Jets took proprietary information and “embarked upon a disinformation campaign” among Jet One Group employees to entice them to leave the company. Jet One Group also alleges that Halcyon knowingly provided to Jet One Jets false information about its management.
According to court documents filed with the U.S. District Court for the Eastern District of New York, Halcyon–under the leadership of CEO Mitchell Blatt, who is also named in the lawsuit–approached Jet One Jets in May to acquire the company, with assurances to Jet One Group that Halcyon was no longer under the leadership of Alfred Palagonia, a former securities broker who pled guilty in 2001 to enterprise corruption and one count of Martin Act securities fraud.
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