Paul Thomas Chester v. iFreedom Communications, Inc., et al
N/AOUTCOME: $4.1 billion judgment in an employment case, 2009
This was an individual employment case on behalf of a chief marketing officer who was terminated without cause after setting up a marketing organization for the defendants. The plaintiff's compensatio ... n package included salary, company stock and an ongoing override commission on gross sales worldwide. In response to defense counsel's efforts to compel arbitration pursuant to an arbitration clause in the employment contract, plaintiff stipulated to arbitration at JAMS. Thanks to important victories in pre-hearing motions, plaintiff was able to obtain deemed admissions and terminating sanctions regarding key issues respecting liability and damages. As a result, we were able to establish damages at the hearing that may be a record: nearly a billion dollars of compensatory damages and punitive damages of nearly three billion dollars. The award was confirmed with more than $200,000,000 of post-award, pre-judgment interest, resulting in a $4.1 billion judgment that was issued by the Los Angeles County Superior Court on May 28, 2009. Interest continues to accrue on the judgment at the rate of more than $1,125,000 per day. The award can be seen at http://sbernsteinlaw.com/pdf/$4%20Billion%20Judgment%202009%200528%20OCR%20300dpi.pdf [Please note: This does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter. ]
