Contracts
Mar. 5, 2024
Punitive damages calculation complicated by lack of documents
A forensic financial expert testified in a Los Angeles trial court that calculating the net worth of a defendant who owes his brothers billions of dollars after losing a breach of contract case has been challenging due to the defendant’s lack of documents.
Calculating the net worth of a defendant who owes his brothers billions of dollars after losing a 21-year-old breach of contract case has proven difficult because the defendant did not produce documents needed for the punitive damages phase, a forensic financial expert testified in Los Angeles trial court on Monday.
“There’s things that I would have expected for somebody of Haresh Jogani’s wealth,” William R. Ackerman said from the stand....
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