S-Cubed, LLC, et. al v. Schmidt, et. al

N/A

OUTCOME: $31 million judgment entered against defendant ($1 million compensatory damages, $30 million punitive damages); claim against wife settled

The defendant received $1 million from two investment firms. Instead of using those funds to develop software programs, he made lavish gifts to his wife, in an attempt to hide assets from creditors. I ... represented the investment firms, which sued both the defendant and his wife.