Chino Valley Bank, et al. v. John Cavallucci; Metro Commerce Bank, et al.
Published: Jul. 15, 1995 | Result Date: Jun. 13, 1995 | Filing Date: Jan. 1, 1900 |Case number: 156505 – $795,000
Judge
Court
Marin Superior
Attorneys
Plaintiff
Robert H. Platt
(Manatt, Phelps & Phillips LLP)
Defendant
Experts
Plaintiff
G. Stephen Jizmagian
(technical)
William C. Sarsfield
(technical)
Jim Martens
(technical)
Defendant
Joseph T. Anastasi
(technical)
Andrew Shepard
(technical)
Facts
Defendant John Cavallucci was employed by Plaintiff Chino Valley Bank 17 years when he retired. Plaintiff was the president and chief executive officer and 48 years of age at the time of his retirement.
Settlement Discussions
Defendants contend they made no offer in light of Plaintiff's demand of $1,500,000.
Damages
$795,000 breach of contract and fiduciary duties; plus attorney fees and costs -- in excess of $1,000,000.
Other Information
The jury rejected Plaintiff's claims of misappropriation of trade secrets and unfair competition, but found for Plaintiff on breach of contract and business interference.
Deliberation
4 days
Poll
12-0
Length
5 weeks
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