$25 Million Jury Award – Retrial of Guaranty Case

Won a $25 million jury award in the retrial of a claim originally dismissed by the district court after trial but prior to going to the jury, then reinstated on appeal. The client, an entrepreneur and investor, brought in Herrick to retry the issue of whether the defendant's guaranties on loans made to certain fraudulent and judgment proof entities were enforceable. The jury agreed with our position that the guaranties were enforceable and awarded our client $25 million in damages.