Breach of Oral Contract and Fraud
N/AOUTCOME: $1.775 million+ Jury Verdict
Cyrus' client sued for breach of an oral contract to pay profits from the purchase and sale of an undeveloped lot in a popular commercial area in Southern California. He found the property and brought ... it to partners and investors, who cut him out of the project after the property was acquired for $6.1 million. The same undeveloped property was sold less than 3 years later for $17.25 million. The jury awarded over $1.78 million in damages to the client and denied the investors' retaliatory cross-claims.
