Russ August & Kabat trial lawyers Jules L. Kabat, Matthew A. Rips, and Michael T. Boardman won an eight figure actual damages, treble damages and punitive damages fraud and conspiracy judgment in the Los Angeles Superior Court vindicating their investor clients who were defrauded into purchasing certain improved and leased commercial real property. The judgment also awarded all attorney’s fees and costs.
The judgment was against the non-settling defendants, and was in addition to a seven figure settlement with the other defendants. RAK discovered that the clients had been given incomplete and misleading information about the property, and prosecuted and won a case establishing that the defendants conspired to commit fraud and defrauded the clients. RAK not only won the resulting damages suffered by the clients, but also obtained awards of treble damages and punitive damages due to the nature of the conspiracy and fraud. RAK also obtained an award of all attorney’s fees and costs for the client.