Real Estate/Development
Feb. 8, 2024
Brother never intended to honor verbal agreement, jury told
Shashi Jogani used loans from his four brothers to purchase and rehabilitate hundreds of apartment units on their behalf, expecting to get 50% ownership after repayment of the loans plus interest, his attorney, Michael E. Friedman, said in closing arguments of a 20-year-old case.
LOS ANGELES -- A man accused of pushing his brother out of a lucrative real estate partnership never intended to honor their verbal agreement that underpinned a portfolio worth $1 billion, plaintiff's attorney Michael E. Friedman said in his closing arguments on Wednesday.
"Haresh never intended to honor his word. He was going to cheat his brother out of six years of his life, his entire property portfolio, and everything Shashi had worked to build," Friedman said, ad...
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