Friday, September 3, 2010

$1.59 Million Court Judgment in Business Fraud Lawsuit

Hong & Mashal, LLP is pleased to announce obtaining a $1.59 Million court judgment in favor of our client in the case of Yu Chung Koo v. Huang Cho Hong, et al., in the Superior Court of State of California, County of Los Angeles, Central Judicial District, Case no. BC 414375.

Attorneys Robin Mashal, Peter Y. Hong, and associated attorney Carlos Lloreda, Jr., took the case through an eight-day jury trial. After three days of deliberations, on August 13, 2010, the jury returned a verdict for compensatory damages of $1,500,000, as well as punitive damages for fraud and breach of director’s fiduciary duties against various defendants in the sum of $90,000. On August 30, 2010, the honorable judge Mark V. Mooney, sitting in Department 68 of the Los Angeles Superior Court signed a judgment based on the verdict in the jury trial.

Hong & Mashal LLP initiated this lawsuit on behalf of plaintiff on May 22, 2009. Defendants were uncooperative in the action and Plaintiff's attorneys had to bring several motions to compel proper responses to discovery requests. The parties attended a mediation session per the court's orders, which mediation session was unfruitful. Prior the completion of trial, defendants made a $23,000 settlement offer to Plaintiff.

The law firm of
Hong & Mashal, LLP represents a broad range of clients, including entrepreneurs, real estate investors, startup businesses and international companies. Hong & Mashal, LLP’s attorneys strive to provide their clients with best possible legal services in the areas of civil litigation, business and commercial law, employment law, real estate law, estate planning, probate, copyright, trademark, and tax controversies. For further information you may contact attorney Robin Mashal by phone at (310) 286-2000, or visit our web site www.hmfirm.com.

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