Orrick Gets $62M Award Tossed in Long-Running Case
Christopher Adams alleged that former investment partners transferred assets to new companies while cutting him out. But he wasn't the right person to testify about the new companies' valuations, the Second District held.
December 31, 2019 at 04:56 PM
4 minute read
Christopher Adams has had two chances to prove that former investment partners owe him $62 million. Thanks to Orrick, Herrington & Sutcliffe, he isn't going to get a third.
California's Second District Court of Appeal threw out the $62 million award Tuesday, despite Adams' two opponents having been precluded at trial from contesting his valuation of a company the three created nearly 20 years ago. It's the second time the appellate court has thrown out a one-sided trial win for Adams against co-investors Hong Mu and David Topolewski.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 5'You Are Not Alone': 120 Sex Assault Victims Plan to Sue Sean 'Diddy' Combs
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250