Breach of Fiduciary Duty, Fraud, Theft, Conspiracy
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Case Details
Full defense verdict in a California Superior Complex Court jury trial for a financial advisor accused of breach of fiduciary duty, fraud, deceit, concealment, theft, and conspiracy. Plaintiffs had claimed economic losses of more than $13 million.
Additional Notes
Plaintiffs claimed economic losses of more than $13 million at trial. On February 21, following weeks of trial and in less than four hours of deliberations, a jury of 12 rendered a full defense verdict on all claims. On February 28, the court decided the remaining equitable claims and, following the lead of the jury’s verdict, concluded that the remaining defendants were entitled to judgment in their favor in full.
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