$500,000
Commercial Litigation
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Case Details
Client awarded judgment after defendant misused retirement funds intended for property rehabilitation, spending them on personal expenses. The Business Court granted summary judgment on conversion and statutory conversion claims, awarding treble damages.
Additional Notes
Defendant filed for Chapter 7 Bankruptcy to avoid liability. Court found defendant converted funds for personal use. Judgment included treble damages. Court chose not to award plaintiff legal fees despite successful statutory conversion claim.